Retirement Elevated Podcast with Sean Lee

End of the Year Financial Moves

What should you do before the ball drops on New Year’s Eve? Sean talks through key financial moves to make before the 2021 year ends.
 
Read and get additional financial information: https://retirementelevatedpodcast.com/podcast/ep-78-end-of-the-year-financial-moves/
 
What we discuss: 
1:06 - Is it too late to max out retirement contributions?
2:48 - Have you taken out your RMDs?   
4:04 - Explore tax-loss harvesting possibilities.
5:30 - Are you giving to charity?
6:55 - Will purchases give you a tax credit?
7:49 - Is a Roth conversion right for you?

Financial Half Truths

Is that the whole truth and nothing but the truth? So often we hear these financial concepts but don’t get the full picture of what’s going on and what to look for. Sean shares what you really need to know.
 
Read and get additional financial information: https://retirementelevatedpodcast.com/podcast/ep-77-financial-half-truths/
 
What we discuss: 
0:20 - What are Sean’s and Marc’s favorite holidays?
2:05 - “Don’t worry about those losses.”
5:25 - “The fees are less than one percent.”
7:43 - “Diversification is key.”

Mistakes to Avoid When Choosing a Financial Advisor

Everyone wants to make the best decisions when it comes to their money and their future. In what ways can you avoid making mistakes when choosing a financial advisor?
 
Read and get additional financial information: https://retirementelevatedpodcast.com/podcast/ep-76-mistakes-to-avoid-when-choosing-a-financial-advisor/
 
What we discuss: 
0:26 - Sean’s getting ready for the holidays.
1:43 - How can you avoid making mistakes when looking for an advisor?
4:27 - Bigger is not always better.  
6:58 - Don’t pretend you know, ask questions.
9:17 - Work with the advisor with the right specialty.

Lazy Money

Is it time to put your lazy money to work? On today’s show, we talk about what lazy money is and why you shouldn’t keep too much of it lying around.
 
Read and get additional financial information: https://retirementelevatedpodcast.com/podcast/ep-75-lazy-money/
 
What we discuss: 
1:00 - What is lazy money?
3:09 - Why do people have it?
4:29 - Why is having lazy money dangerous?  
6:43 - How does Sean help?

This One’s On The House

What kind of decisions do you need to make when it comes to your home in retirement? Sean talks through several scenarios people tend to consider when it comes to their house.
 
Read and get additional financial information: https://retirementelevatedpodcast.com/podcast/this-ones-on-the-house/
 
What we discuss: 
0:39 - How’s everything been?
1:28 - Feeling ready to downsize?
4:23 - Should you pay off the house?
6:22 - Thinking about a vacation home?
8:22 - Wondering about moving out of state?
10:20 - What are the perks of a retirement community?
 

Questionable Financial Advisors

What are the questionable kinds of financial advisors you should look out for? On today’s podcast we have a bit of fun as we categorize a few different types of advisors you may want to steer clear of.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-dc 
 
What we discuss on this episode: 
0:40 - What are Sean’s Labor Day plans?
2:40 - The guy with a hammer.
3:49 - The oxygen hog.
5:40 - The car trunk operator.
9:29 - The non-answerer.

Multiple Choice Retirement Quiz

From the next few years and into retirement, what’s scaring you? And what do people wish they had done sooner? We ask Sean several questions to help ease your fears by making a plan.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-d6 
 
What we discuss on this episode: 
1:49 - What scares people about retirement?
3:38 - Which is scarier: inflation, rising taxes, or market volatility?
5:51 - What tax bracket do people find themselves in during retirement?
6:03 - Which tax situation best describes people in retirement?
8:17 - How much money does the average person need saved for retirement?  
9:52 - What do people wish they had more of?  

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?