Retirement Elevated Podcast with Sean Lee

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?

The Financial Plan Guessing Game

Sometimes we assume the worst or make a guess so we don’t have to find out the truth when it comes to our finances. What guesses have you been making? On today’s podcast, we’ll talk about the common financial areas people tend to guess instead of prepare and how to plan for them.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-bH 
 
What we discuss on this episode: 
0:57 - Are you guessing at your retirement plans?
1:33 - Why guess on monthly retirement income?
5:29 - Why ignore the major purchases or emergency fund? 
9:05 - How do you predict inflation?
13:04 - How can you plan for rising healthcare costs?

What Can You Expect From a Virtual Meeting With Us?

With new social norms, Sean and his team have continued to adapt. What does it look like to meet with a financial advisor virtually? We'll take you through the process and what you can expect on today's show.
 
Read more and get additional planning resources here: https://wp.me/paeqsR-bB 
 
What we discuss on this episode: 
0:39 - What’s Sean’s least favorite time of year?
1:23 - How have virtual meetings opened up new opportunities? 
3:14 - What has the practice done to ensure the experience is the same?
4:53 - What technology changes have been made?
7:06 - Retirement and planning concerns are still prevalent, even in a pandemic.

What Tax Consequences Should You Be Aware Of?

More than just simply filing your taxes by April 15 each year, what tax consequences do you need to keep in mind with your various investment accounts? On today’s episode of the Retirement Elevated podcast, Sean shares the pros and cons of different investment accounts.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-bs 
 
What we discuss on this episode: 
1:00 - What are the favorite activities right now with Sean’s kids?
3:05 - Different accounts have different tax consequences. 
6:27 - Should you take the employer match?
9:17 - What are taxable accounts?
10:21 - What about CDs?
11:19 - What do you need to know about tax and life insurance?
13:28 - Fun fact: How long ago did the iPhone first come out?

What Is Values-Based Financial Planning?

Is your financial plan aligned with your values? How do you create a values-based financial plan? We’ll explain on today’s episode.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-bi 
 
What we discuss on this show: 
1:39 - What is a values-based retirement plan?
5:02 - Does your retirement plan align with your moral beliefs?
6:32 - What is your charitable giving plan?
7:47 - Do you want to work longer?
10:08 - How does education play a part in your retirement plan?

Is Your Financial Advisor Doing This?

Do you know what your advisor should be helping you with? You don’t know what you don’t know…so we’ll talk today about what you should be discussing with your financial advisor.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-bc 
 
What we discuss on this show: 
2:29 - Is your advisor doing this?
3:37 - Does your advisor include tax planning and strategy?
6:11 - Is your advisor evaluating fees in investments?
9:03 - Have you clarified the target and the goal?
10:26 - What is the difference with a customized plan?

Financial Life and Baseball

Missing baseball season already? Get your fix as Sean talks about the similarities between baseball and financial planning. 
 
Read more and get additional financial resources here: https://wp.me/paeqsR-aU 
 
Check out the 'Life is a Ballgame' PDF: https://wp.me/aaeqsR-aV 
 
What we discuss on this show:
1:46 - Shoring up retirement income strategy is like the middle innings in baseball. 
4:01 - Planning for healthcare costs is an important strategy.
6:36 - Tax efficient strategies change over time.
1:46 - Shoring up retirement income strategy is like the middle innings in baseball. 
4:01 - Planning for healthcare costs is an important strategy.
6:36 - Tax efficient strategies change over time.