Retirement Elevated Podcast with Sean Lee

Having Financial Hindsight

If hindsight is 20/20, what do you wish you knew before now? Instead of wishing you could remake the financial decisions of your past, we talk about the ways you can be more proactive and prepared for financial decisions now and in the future.
 
Here’s what we'll talk about today:
Market volatility can cause uncertainty. (1:04)
Not understanding your risk until it’s too late. (5:37)
Taking Social Security without understanding the strategy. (7:48)
Wishing you put more money into tax-beneficial options. (10:31)
Retiring too early and having no choice but to go back to work. (12:51)
For more, visit us online at https://retirementelevatedpodcast.com/ 

Easy Ways to Ruin Retirement

After saving and waiting for so many years, no one wants to make a big mistake that ruins retirement! Making certain assumptions about what retirement will be like may lead to disappointment. On today’s show, we dive into the realities of retirement and some easy ways you could ruin it, drawing on Sean’s insightful conversations with clients as they navigate this new chapter in their lives.
 
Here are the ways you can easily ruin your retirement:
Treating retirement as a destination instead of a journey. (2:14)
Believing that retirement will solve everything. (4:20)
Assuming your monthly spending habits will be the same. (6:01)
Investing like you’re 35 years old when you’re 65. (8:59)
Stop being active. (11:55) 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Financial Planning with Yogi Berra

Following the wisdom and quotes of Yogi Berra, we compare some lessons in financial planning with what we’ve heard from this famous professional baseball player. From assessing past financial decisions you’ve made to planning for your financial future, there’s a lot of takeaways we can learn from Yogi Berra.
 
Here are the quotes we discuss on today’s show:
“I never said most of the things I’ve said.” (2:18)
“A nickel ain’t worth a dime anymore.” (4:20)
“If you don’t know where you’re going, you might end up someplace else.” (5:40)
“When you come to a fork in the road, take it.” (7:10)
“The future ain’t what it used to be.” (9:34)
“It’s like déjà vu all over again.” (10:40)
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

The Biggest Retirement Challenge No One Talks About

In this episode, Marc and Sean will discuss a recent CNBC article about a man who ‘un-retired’ at 67 because he was bored and restless. What are the biggest issues people face when they don’t have a plan for retirement? We’ll tell you what we’ve seen and talk about what you can do to avoid that feeling.
Here’s a little of what we discuss in this episode:
The issues people usually have with trying to have things to do in retirement. (1:38)
The regret category where people miss what they were doing. (3:12)
Being active is important for mental health. (4:50)
Feeling like you’ve lost your identity. (6:45)
Using a Venn Diagram to help you organize what’s most important.  (7:59)
 
Read the CNBC article:
https://www.cnbc.com/2022/06/15/67-year-old-who-unretired-at-62-shares-the-biggest-retirement-challenge-that-no-one-talks-about.html 
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

What You Need To Know About Secure Act 2.0

The Secure Act 2.0 was recently passed, so we talk about some of the key takeaways that might impact your financial plan on today’s episode. Some changes are for the better and some changes might take some time to get used to. Which of these might benefit your financial plan the most? Listen to find out.
 
Here’s what you'll learn about on today’s show:
The RMD age was pushed back. (1:53)
How does this change with a Roth 401(k)? (4:02)
Automatic enrollment is being implemented. (7:27)
Student loan debt payments can be matched. (9:23)
Changes to 529 plans. (11:43)
Company matches can be in a Roth account. (13:55)
 
Get in touch with Sean and the team at https://retirementelevatedpodcast.com/ 

100th Episode Special with a Surprise Guest

In honor of our 100th episode, we have a special guest on the show! Sean’s son, Michael, joins us and shares about his experience having his dad as a coach. From exercises to tournaments, there’s a lot that goes into it.
While Sean coaches Michael in baseball, he also coaches several people throughout the week when it comes to retirement. Do you need a coach when it comes to retirement planning?
Here’s what Michael shares in today’s show:
What kind of drills do they work in at baseball? (1:40)
Sean shares about his two favorite things to talk about. (4:10)
What does Michael like? (4:29)
Where does Michael want to go to college? (5:36)
What’s Michael’s favorite baseball team? (6:13)
 
Get in touch with Sean and the team at https://retirementelevatedpodcast.com/ 

The Desire to Retire

Some people dream about retiring and it can’t come soon enough. For others, maybe it’s something they are putting off. We talk through the varying degrees of interest and readiness in retirement and how to plan accordingly.
Here are the reasons you wonder about getting a new advisor:
I love what I do. (1:30)
I could retire, but my job is still a good situation. (3:37)
I have no idea if I can retire or not. (5:46)
Retirement should be soon. (8:04)
I hate my job and can’t wait to get out. (9:49)
Get additional financial resources online:
https://retirementelevatedpodcast.com/ 

When the Grass Looks Greener with Another Advisor

As the saying goes, the grass is always greener on the other side. When is the grass greener with another financial advisor? We talk about a number of reasons someone might consider looking at leaving their current advisor for another one. Sean shares why some of these reasons might be worthwhile and why some of these reasons don’t have to be dealbreakers.
Here are the reasons you wonder about getting a new advisor:
Making a mistake that costs you money. (1:28)
The business has gotten too big. (4:09)
A dinner seminar has some appeal. (6:47)
I’m moving across the country. (9:48)
The market has been volatile. (13:35)
Get additional financial resources online:
https://retirementelevatedpodcast.com/ 

Things to Be Thankful For

In honor of Thanksgiving, we share some of what we’re thankful for and what we look forward to with the holidays. When it comes to working with a financial advisor, what is there to be thankful for? We discuss five reasons you might be thankful for your advisor (and what to do if this doesn’t describe your relationship with an advisor). 
 
Reasons to be thankful for the financial advisor in your life:
For providing a comprehensive plan to build and protect your wealth. (2:28)
Finding clarity and good expectations in the relationship. (4:56)
Working with a fiduciary. (6:36)
Having a trustworthy advisor. (9:02)
Being able to have conversations and regular communication (11:11)
Get additional financial resources online:
https://retirementelevatedpodcast.com/ 

3 Biggest Financial Assets

What are your three biggest assets when it comes to saving for your retirement and your future? For most people, this is your 401(k), your house, and Social Security. We talk today about how to best leverage these assets and manage them properly. It can make all the difference in retirement.
Timestamps:
What kind of strategy went into picking the fund for your 401(k)? (1:23)
What happens with that 401(k) when you’re ready to retire? (2:42)
Is your home an asset you’ll want to use later? (4:31)
Social Security is much bigger than you realize. (7:41)
 
Get additional financial resources online:
https://retirementelevatedpodcast.com/