Retirement Elevated Podcast with Sean Lee

4 Budget Friendly Retirement Activities

Retirement doesn’t have to break the bank, but with the rising costs of living, it can be tough to stay within your budget. It’s essential to find affordable ways to live life so if you’re looking to cut back on expenses, we have four budget-friendly activities that will keep you entertained without breaking the bank.  
In this episode, we'll discuss options like free fun in nature, making new friends through clubs and volunteering, creative pursuits, and staying healthy and active. All of these things can improve your happiness and well-being, and help lead to a more fulfilling life in retirement.
Here’s what we discuss in this episode:
0:00 – Intro
1:07 – Free fun in nature
4:21 – Finding community and purpose
6:58 – Creative pursuits
10:21 – Staying healthy and active overall
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
 
Contact us:
(801) 639-0095
slee@erg-slc.com

Maximize Your Social Security Benefits: A Real Life Case Study

Everyone wants to know how to maximize their Social Security benefits. It’s a question that comes up nearly every time we meet with someone. While the simple answer is to wait as long as possible to get the largest monthly benefit, the strategy that you should choose needs to take your entire financial picture into account.
In this episode, we’re going to share a Social Security case study where a couple we worked with wanted to retire at 63 and 62 but originally planned to claim Social Security at full retirement age of 67. We’re going to break down the details of their financial situation and explain why the math eventually told them to take their benefits as soon as they retire.
Here’s what we discuss in this episode:
0:00 – Intro
2:47 – Case study details
6:14 – Taking Social Security immediately
12:20 – Social Security Fairness Act
16:08 – Final takeaway
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/

Five Steps To Improve Your Financial Success Score

How confident are you in your financial strategy? Are you feeling strong enough to rate it an 8, 9, or 10? This week, we're going to dive into what it takes to gain that confidence by sharing the five areas to help you improve your financial success.
Here’s what we discuss in this episode:
0:00 – Intro
2:20 – You know where your money is going to come from
4:28 – You know what your risk score is
6:23 – You have strategies in place to reduce your tax liability
7:51 – Healthcare considerations
9:46 – Legacy
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
Contact us:
(801) 639-0095
slee@erg-slc.com

Which Soon-To-Be Retiree Are You? Concerned, Seeking Clarity, or Confident

People nearing retirement often fall under one of the three Cs. Those are concerned, seeking clarity, or confident. In this episode, Sean breaks down these three mindsets, exploring the unique questions and needs that come with each. Let’s see which best describes you!
 
Here’s what we discuss in this episode:
0:00 – Intro
2:08 – Concerned
3:15 – The blurred line with clarity
6:30 – Seeking clarity
11:13 – Confident
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
 
Contact us:
(801) 639-0095
slee@erg-slc.com

Real World Examples of Roth Conversions

There’s been a growing buzz around Roth conversions, but what do they actually entail? This popular strategy makes a lot of sense within a financial plan, but like all tools, it’s not for everyone. In this episode, we dig into this complex subject with real-world examples that illustrate the potential benefits and pitfalls of this strategy.
Here’s what we discuss in this episode:
0:00 – Intro
1:45 – Roth conversions are situational
6:13 – Determining how much to convert
9:50 – Staying under IRMAA limits
13:05 – Age factors with Roth conversions
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
 
Contact us:
(801) 639-0095
slee@erg-slc.com

What Happens if Social Security Raises the Retirement Age?

Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. On this episode, we dive into the recently released proposal to raise the full retirement age to 69 and what it means for your benefits, your future, and your financial security.
Here’s what we discuss in this episode:
0:00 – Intro
3:10 – The proposal
5:42 – Report details
8:53 – Lower benefits at age 62
11:00 – Will this improve Social Security?
13:38 – What changes will be made?
15:15 – What should you do now?
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
Contact us:
(801) 639-0095

Beyond The Metrics: What Makes A Successful Retirement?

When it comes to creating a successful retirement plan, the financial metrics are going to be a big part of achieving your goals. In order to enjoy your retirement, you need to have the ability to fund your lifestyle and not run out of money. But money isn’t the only measurement of success.
Here’s what we discuss in this episode:
0:00 – Intro
0:23 – What does success look like beyond the financial numbers?
1:43 – How retirement looks can change
4:45 – Creating stability in income
8:03 – Shift happens!
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
 
Contact us:
(801) 639-0095
slee@erg-slc.com

Is Dividend Investing Still a Viable Retirement Income Strategy?

Dividend investing has long been a popular choice for retirees looking to generate a steady income but is living off dividends still a viable strategy? Today we’ll talk more about the ways to generate income and the strategies we use to help ensure our clients have enough to live comfortably.
 
Here’s what we discuss in this episode:
0:00 – Intro
0:24 – Spring Training baseball
3:08 – Ways to generate income
5:38 – Incidental income
7:04 – Diversification
9:32 – Taxes
 
For more, visit us online at https://retirementelevatedpodcast.com/  
Watch the show on YouTube: https://youtu.be/xte1rK7_IFY 

Asking the Magic 8 Ball Financial Questions

Remember the thrill of shaking a Magic 8 Ball to get answers to your childhood questions? Would we ace that math test? Would we be famous someday? Well, today, we're bringing a bit of that magic back. But instead of asking about pop quizzes and playground crushes, we’re turning to the Magic 8 Ball for advice on something much more important: your retirement planning! What would the Magic 8 Ball have to say about these common retirement questions if it had the wisdom of a financial advisor?
 
Here’s what we discuss in this episode:
0:00 – Intro
2:00 – Never too early to start saving
5:12 – Is 1 million enough?
8:15 – Can I rely on Social Security?
10:24 – Multiple sources of retirement income
11:48 – Fewer retirement expenses?
14:58 – Future tax laws
 
For more, visit us online at https://retirementelevatedpodcast.com/  
Watch the show on YouTube: https://youtu.be/EMwDg_zQhmg 

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/