Retirement Elevated Podcast with Sean Lee

What Accounts Do I Withdraw From First In Retirement?

Planning for retirement involves many crucial decisions, one of which is determining the best order to withdraw from your retirement accounts. Traditional advice often suggests a sequential approach- pulling money out of one type of account completely before moving to the next. But is this really the best strategy for everyone?
Tune in as Sean shares some key factors to consider when deciding the best approach for your retirement planning.
 
Here’s some of what we discuss in this episode:
Why Sean doesn’t believe a sequential withdrawal approach is best
How different withdrawal strategies can affect your tax liabilities and Medicare premiums
What does it mean to simultaneously pull money out of your accounts?
Working with a professional to customize your withdrawal strategy
 
For more, visit us online at https://retirementelevatedpodcast.com/ 
 

Retirement Baseball

No one hits a home run every time! While home runs are an exciting part of any baseball game, the end result of who wins the game has a lot more to do with how the rest of the game is played. Drawing from his extensive experience both on the field and in finance, Sean provides valuable insights into how the principles of baseball can be applied to crafting a successful retirement strategy. 
 
Here’s some of what we discuss in this episode:
The plan has to work.
How the game is really won.
What five things are needed in a retirement plan.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Rookie Investment Mistakes

Investing can be a daunting task, especially for those who are new to the game. In this podcast, Sean shares his expertise on common rookie investing mistakes and how to avoid them. Whether you're just starting out or looking to refine your strategy, Sean emphasizes the importance of knowing what each investment is for. Just like players on a baseball team, each investment should have a specific job to do.
 
Here’s some of what we discuss in this episode:
Rookie mistakes happen, whether it’s in baseball or finances.
Every investment should have a purpose.
Understand the risk each investment carries.
Be careful about letting your emotions take over your financial decisions.
Use caution with “hot tips” you hear.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 
 

Retirement Satisfaction

Who are the people who have the highest satisfaction in retirement? And how can you be one of them? It begins with understanding your retirement needs. Sean outlines the importance of clarity and confidence in your financial situation. He stresses that knowing the math problem- what you'll need versus what you'll have- is the first step toward a robust retirement plan.
 
Here’s some of what we discuss in this episode:
What does “peace of mind” mean in retirement?
The three ways to create income from your investments.
Having and keeping financial independence in retirement.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Irreversible Financial Decisions

Have you ever wondered about the decisions in life that you can't take back? Today, we deep dive into the irreversible choices that can shape your financial future, especially when it comes to retirement.
 
Here’s some of what we discuss in this episode:
When you start taking Social Security matters.
Choose wisely regarding your pension benefits.
You can’t get life insurance once it’s too late and your family needs it.
How to know what the right retirement date is for you.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 
 
 

Financial Mistakes Made During Divorce

What kinds of financial mistakes do people make amidst a divorce? If you find yourself facing a divorce, there are some financial things you will want to be aware of as you move forward. From how to divvy up assets in a way that is financially sound to dealing with your emotions, there’s a lot to keep in mind. 
 
Here’s some of what we discuss in this episode:
Choosing the house over other financial assets.
Don’t ignore tax implications of retirement funds.
Rolling a spouse’s retirement account directly into an IRA.
Your emotions can cloud your decision-making.
How does an advisor help a couple getting a divorce?
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Facing Financial Villains

Movie villains are usually pretty easy to identify with their ominous music, masks, and often dark clothing. In the financial world, some of the villains can be a bit harder to spot. We talk about some of the most infamous movie villains and share what they have in common with some of the dark and scary things financially speaking. From the Wicked Witch of the West and her flying monkeys to the hardships that inflation can cause, which of these villains are you ready to face head-on?
 
Here’s some of what we discuss in this episode:
Inflation shows up with a vengeance.
Overly fixating on one issue or financial product can be risky.
Individualized plans can make a difference.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Important Ages in Retirement

What are the milestone moments you face in retirement as you age? Today, we talk about some of the ages to keep in mind and why they are important as you reach each one. Whether you are a few years off or if you are right in the middle of these, thinking through what you should be doing with the money can make a huge impact in your financial life.
 
Here’s some of what we discuss in this episode:
The unofficial kickoff of retirement is age 50.
Age 55 is when you need to think about your 401(k) options.
When you turn 59 and a half, you have access to your funds.
Under current law, age 62 allows you to withdraw from Social Security.
At 73 (currently) you have to start taking money out of your retirement accounts. 
What’s the most important age?
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Portfolio Expectations

What are your portfolio expectations? Are they too high? Today we talk through an article that shares investor expectations on their portfolio and why, in many cases, they are higher than they should be. We discuss some of the differences in expectations across the globe. More than that, we consider what the meaning of those returns are and how much we should place value on them. What does your lifestyle require? How can you create more clarity with your finances?
 
Here’s some of what we discuss in this episode:
Investment return expectations for investors vs. financial advisors.
How do we manage expectations?
What do I need to make my lifestyle possible?
Should we plan for a recession?
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Financial Fill in the Blank

Let’s play a game of fill in the blank with Sean to see how he would finish off these financial statements. What will the market do to you? What’s the best way to set yourself up for success in retirement? What’s the biggest financial mistake retirees make?
 
Here’s some of what we discuss in this episode:
The best way to be sure you don’t run out of money in retirement.
The stock market has the ability to do what?
Run the other way when a financial advisor does what?
The most common mistake retirees make.
 
For more, visit us online at https://retirementelevatedpodcast.com/