Retirement Elevated Podcast with Sean Lee

Taking Out the Financial Trash

When was the last time you looked through your financial portfolio and got rid of the things you no longer need? As you move closer to retirement, your strategies will change and adjustments need to follow. So let’s look at four areas that you might considering trashing from your portfolio.


Show Notes and Additional Resources: 


Today's Rundown: 

1:02 – What do we mean by taking out the trash?

1:23 – Debt is the first thing to get rid of.

3:03 – Reducing risk is a good idea as you approach retirement.

4:52 – ‘Lazy money’ – this money isn’t doing much for you so move it to a place that will

7:13 – Getting rid of someone that’s not working for you and looking out more for their own pocket.

Do You Know What Fees and Commissions You’re Paying?

Have you ever wondered why some advisors get paid in fees while others take commissions from your investments? Today we’ll explain the difference, what you should consider, and why your portfolio expenses are probably higher than you realize.


Show notes and additional resources: 


Today's rundown: 

0:28 – So what are the differences between fees and commissions?

0:58 – There are two types of fees when working with a fiduciary.

2:20 – Outside of advisor fees, what are some of the other costs?

3:59 – Sean’s opinion on fees.

6:08 – A larger percentage of people than not are paying more in portfolio costs than they realize.

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