Retirement Elevated Podcast with Sean Lee

What Issues Should I Consider Before I Retire?

Let’s go through the retirement checklist to cover all the key issues you should think about before retirement. How prepared are you?
 
Read more and get additional financial resources here: https://wp.me/paeqsR-cY 
 
What we discuss on this episode: 
0:50 - What should we consider before we retire?
2:52 - Are you retiring early?
4:24 - What is the Social Security elimination windfall? 
5:38 - What do you need to know if you’re divorced or widowed?
8:13 - What health insurance issues do you need to cover? 
9:48 - What about dental or vision insurance?
11:03 - What happens to your HSA?
11:32 - What about Medicare?
12:41 - If you’re disabled, what do you need to know?
13:16 - Are you concerned about funding long-term care?  

What Important Documents Should You Keep?

Ever wonder what you should keep or what you can toss? Let’s discuss your important financial documents and how long you need them.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-cS 
 
What we discuss on this episode: 
0:26 - Sean’s enjoying summer time. 
1:11 - What tax documents should you keep on file?
2:59 - What healthcare documents do you need?
5:20 - What other legal documents do you need to keep?
7:34 - What asset or debt related documents do you have?
9:25 - What do business owners need to keep?
11:13 - What about your mortgage?  

What to Do When Facing a Forced Retirement

For whatever reason, forced and early retirements do happen. What should you do? Sean talks through some strategies to make sure the transition is as smooth as possible.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-cG 
 
What we discuss on this episode: 
0:24 - How does Sean celebrate the 4th of July? 
1:40 - Forced retirement unfortunately happens.   
4:11 - What ways can we cope with forced retirement?
5:47 - What kind of emotional and planning response could be triggered?
7:10 - When should you do more Roth conversions?
8:23 - What should you do first?

Unexpected Retirement Expenses

Are you prepared for these possible unexpected expenses in retirement? Find out what you need to include in your plan to be prepared.
Read more and get additional financial resources here:
https://retirementelevatedpodcast.com/podcast/unexpected-retirement-expenses/
What we discuss on this episode: 
1:05 - What retirement expenses get overlooked?
1:34 - What medical expenses are typical?
4:01 - Travel is typical in retirement. But what’s unexpected? 
7:54 - Family care can be costly.
9:36 - Taxes should be planned for.

Diffusing the Tax Time Bomb

Taxes in retirement require a lot of strategy and planning to get it right. What can you be doing now to prepare for taxes later on?
 
Read more and get additional financial resources here: https://wp.me/paeqsR-cs 
 
What we discuss on this episode: 
1:02 - The economy is made up of several components.
4:32 - Fund your Roth 401(k).
6:02 - Is cash value life insurance worth considering?
9:09 - Have you considered a Roth conversion?

Common 401K Mistakes

A great way to save for and build toward retirement in through your 401(k) at work. That said, some of these common mistakes can cause real issues. On today’s podcast, we discuss possible pitfalls with your 401(k) and how to avoid them. 
 
Read more and get additional financial resources here: https://wp.me/paeqsR-cl 
 
What we discuss on this episode: 
0:30 - Spring is Sean’s favorite time of year.
0:58 - Left the job and leave the 401(k) behind?
3:00 - Are you rebalancing?
4:23 - How does rebalancing work within a target date fund?
7:04 - Does the 401(k) planner have our best interest in mind?
9:08 - Are you assuming fees are minimal?

The Key to Achieving Retirement Satisfaction

When you study people who retire wealthy and comfortable, there are some key things they usually do. We’ll explain how you can achieve satisfaction with your retirement.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-cc 
 
What we discuss on this episode:
2:45 – Peace of mind
5:59 – Diversity of assets
7:15 – Confidence
9:15 – Working with an advisor

The SECURE Act - RMD & Inherited IRA Surprises

What’s the latest news about the SECURE Act and inherited IRAs? The SECURE Act was the death of the stretch IRA. Previously, inheritors were allowed to stretch out the withdrawals of the inherited IRA over their life expectancy. The SECURE Act that was enacted at the beginning of 2020 changed things to the 10-year rule. But is it what we thought it was?
 
Read more and get additional financial resources here: https://wp.me/paeqsR-c7 
 
What we discuss on this episode: 
0:20 - Sean is living the spring dream.
1:20 - The RMD rule in the SECURE Act is not what you think.
2:36 - What is the new rule?
5:04 - What happens if someone leaves you money in your prime income years?
7:05 - Are you tax planning?
8:45 - What questions should you ask your advisor?

Getting The Right Mindset For Retirement

Have you stopped to think about what you want retirement to look like? Past your financials, retirement planning has a lot to do with your goals and wants when it comes to how you plan to spend your time. Today, Sean talks with Daniel Allgaier, CFP®, about the mindset and the end goal when it comes to retirement.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-bU 
 
What we discuss on this episode: 
2:07 - When you build your financial plan, what’s the math problem? 
3:38 - What will you do in retirement?
5:30 - Retirement is a big change.
7:59 - Have a mapped out plan about your time in retirement.
10:13 - Act as if you’re retired already.
13:28 - Are you prepared for what retirement is?

Asset Allocation and Investment Trends with Trent Colledge, Afc® Cfp®

Where and how should you allocate? What’s typical among other affluent households when it comes to investing? We talk with a member of our team to help you understand our approach a little better.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-bQ 
 
What we discuss on this episode: 
1:57 - What does it mean to “begin with the end in mind”?
5:05 - What is systematic risk?
8:35 - What is your capacity for risk?
10:30 - Where do you put your money?
13:15 - How does America invest?
14:56 - Most affluent households stayed the course in 2020.
17:59 - Should you use a target date fund?