Retirement Elevated Podcast with Sean Lee

2020 End of Year Planning Ideas

As we near the end of the year, let’s talk about what has been happening and what it means for our financial plan. From the election to COVID to saving vs. spending, Sean reflects on what’s been going on in our country.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-aT 
 
What we discuss on this show: 
1:02 - How is the market reacting to the election? 
2:49 - What tax prep should you be doing now?
5:05 - COVID is spiking all over the country and world.
7:10 - What kind of spending might happen in the future?
9:01 - Should we be reinvesting our savings or holding onto it?

Mailbag: Is Now The Time For An Early Retirement?

Is it time to retire? Should you pay off the house? How much do you need to have in the bank? Sean answers these three listener questions on today’s podcast.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-aH 
 
What we discuss on this show:
1:28 - Mailbag: As a small business owner, is now the time to retire early?
5:25 - Mailbag: Which should you pay off first, your home or your rental property?
8:40 - Mailbag: How much money is enough to have in the bank when about to retire?

Football and Financial Planning

Touchdown! We’re taking a short break from Sean’s love of baseball to talk football analogies and how it relates to retirement.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-az 
 
What we discuss on the show: 
0:29 - Sean shares where his football loyalty lies.
1:35 - What is the financial red zone? 
4:29 - Is the hurry up offense a good strategy?
6:10 - What’s the victory formation?
9:20 - Coaches can make a huge difference. 

10 Step Layoff Survival Guide, Part 2

In continuation with our two-part series on how to survive a layoff or forced early retirement, we talk through five more steps on how to get through it. What options do you have moving forward?
 
Read more and get additional financial resources here: https://wp.me/paeqsR-at 
 
Check out Part 1 of the Survival Guide:  https://retirementelevatedpodcast.com/podcast/10-step-layoff-survival-guide-part-1/ 
 
What we discuss on this show: 
0:18 - Sean shares how his kids have been doing lately.
1:38 - Let’s continue our 10 step layoff survival guide.
2:42 - Step 6: Learn about the health insurance options.
4:28 - Step 7: Get a new Social Security estimate.
5:52 - Step 8: Consider the lump-sum payment.
7:46 - Step 9: Determine whether or not you want to go back to work.
9:44 - Step 10: Seek a professional’s opinion.
 

10 Step Layoff Survival Guide, Part 1

What do you do if you get laid off? How can you turn a bad situation into an opportunity? We dive into what you need to do in the first of a two-part series.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-ak 
 
Download our survival guide PDF: https://wp.me/aaeqsR-al 
 
What we discuss on this episode: 
0:55 - Have you been laid off or are you on the cusp of retirement?
2:52 - Step 1: Keep calm and take it one step at a time. 
4:25 - Step 2: Determine your expenses.
7:49 - Step 3: Create an inventory of resources.
10:02 - Step 4: Add in severance pay.
12:14 - Step 5: Understanding how unemployment benefits work. 

Talking with Matt Zagula about SMART Retirement and Taxation

What do tax rates have to do with your financial plan? How do you strategically think through your assets and your financial plan? Matt Zagula shares information from his book to use as a resource when considering what you can do now, ahead of an unknown future.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-ab 
 
On today's show: 
0:29 - Introducing today’s guest author, Matt Zagula.
1:10 - What inspired the book, SMART Retirement?
2:39 - Why did a medical doctor write the book’s foreword?
4:22 - Where are our tax rates going and why?
6:38 - What is the process of planning?
7:23 - Are you going to an old way of thinking or adjust to how the world is changing?
8:41 - What are the two dates listed in the book? 
11:46 - What kind of taxes do you need to consider for the future?
13:48 - What is fuzzy financial math you need to look out for?
17:50 - What is SMART?

5 Easy Ways to Ruin Your Retirement

Using baseball analogies, Sean Lee *walks* you through some of the most common retirement pitfalls and how you can avoid them as you round the bases of life.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-9Z 
 
On today's show: 
1:12 – Retirement planning is more mental than dollars and cents
2:27 – Treating retirement like a destination rather than a new phase of your life
3:30 – Managing retirement changes as you age
5:23 – Retirement won’t solve all your problems
9:37 – Making assumptions about your monthly spending habits
11:29 – Being active can be just as important in retirement
14:36 – Are you still investing like you’re 25?

How to Find the Right Advisor

One of the most important parts of creating a financial plan involves working with the right financial advisor. How do you know you’re working with the right advisor for you? Join us as we lay out some of the criteria that needs to be high on your list.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-9T 
 
Today's show schedule: 
0:45 - Are you looking for the advisor who is best?
3:39 - How do you find the right advisor?
4:45 - What phase of life are you in?
6:13 - What is important to you with an advisor?
8:03 - What kind of technology is available with your advisor?
0:45 - Are you looking for the advisor who is best?
3:39 - How do you find the right advisor?
4:45 - What phase of life are you in?
6:13 - What is important to you with an advisor?
8:03 - What kind of technology is available with your advisor?

Baseball and Financial Planning with John Buck

What do baseball and financial planning have in common? In addition to Sean’s love for both, you may find that the mindset is often similar. On today’s show we get to talk with John Buck to hear how his experience as a player relates to financial planning.
Show Notes, Resources & Contact Info:
https://retirementelevatedpodcast.com/
Timestamps:
0:34 - John Buck joins the podcast today and shares about his time playing baseball.
6:06 - What is John up to now?
11:39 - What is your game plan or blueprint for success?
15:55 - Game prep for the next game before you get there.
18:29 - Adjustments sometimes have to be made.
20:20 - What is coming up?
22:14 - Your goal is to prepare for what is to come.
24:41 - Your decisions in the end can make the biggest difference.
26:29 - Why is your mental state key to winning?
35:22 - How is John helping the community?

State of the Market with Mike Sorrentino

On the show this week, Mike Sorrentino joins us to talk about the current status of the market, a second wave of coronavirus, and how it all might play together in the second half of the year.
 
Read more and get additional financial resources here: https://wp.me/paeqsR-9G 
 
Today's show schedule: 
1:28 - What’s going on with the state of the market?
2:32 - Why are the markets continuing to run while the economy is so bad?
4:21 - Could this recession be over before it even begins?
6:13 - What are the trends that support this theory?
8:30 - Last week experienced massive volatility and spikes in coronavirus cases, are we in for another correction?