My Retirement Clarity with Lee Perkins

Ep 78: 6-Step Retirement Checklist

Everyone’s journey to retirement tends to look a lot different, but there are still some fundamentals that everyone needs to pay attention to before taking that leap. You don’t want to be a few years from retirement before you question whether you have covered all your bases.

In today’s episode, we will talk about six important steps in the retirement planning process, plus a bonus step that is often overlooked. Don’t leave anything up to chance, and make sure you actually have enough to live off of. Once you are sure you can retire and you finally approach those last days in the workforce, there are a few things you will need to consider preparing for life as a retiree.

 

Here is some of what you’ll learn on this show:

  • Making sure your numbers add up and you have enough cash flow for retirement. (4:06)
  • Choosing when to claim Social Security and assessing your other sources of income. (6:55)
  • Now that you are sure you can retire, how do you inform your employer? (10:02)
  • Navigating the emotional phases of retirement. (12:42)

 

Want to set up a meeting with us? Visit us here: http://talkwithlee.com

Ep 77: Going Against the Grain

You’ve most likely heard plenty of “rules” you’re supposed to follow to retire successfully. Some of these rules are stated so confidently, you’d be crazy not to immediately accept them as fact.

But we don’t mind the threat of being called crazy, so let’s dive into some of the most popular retirement “rules of thumb” to see if they truly lead us down the path of good financial guidance or run a chance of leading us astray.

 

Here is some of what you’ll learn on this show:

  • Should you follow the rule of 100 to gauge how much risk you should be taking? (3:20)
  • Is there an appropriate use of life insurance, or can you use it in other ways? (5:38)
  • Should you use debt to build wealth? (8:01)
  • Should I pay off my house early? (11:46)

 

Want to set up a meeting with us? Visit us here: http://talkwithlee.com

Ep 76: The High Cost of Free Money

How do you feel about free money? Sounds like a no-brainer, right? Maybe not.

 

Most people don’t understand that free money isn’t actually free and that someone else’s money is just being spent. Let’s explore what we know about “free” money, income taxes, and some recent changes the government is implementing.

 

Here is some of what you’ll learn on this show:

  • Here are the three things you should do with the money you earn. (3:33)
  • What happens when the government gives away free money. (7:44)
  • The shocking statistic about who pays income taxes. (8:40)
  • How forgiving student loans will affect taxpayers. (9:58)

Want to set up a meeting with us? Visit us here: http://talkwithlee.com

Ep 75: The Danger of Doing Nothing

We’re all guilty of putting things off and waiting until it’s absolutely necessary to get them done. We see it all the time when it comes to money.

 

People have many reasons for procrastinating when it comes to putting a retirement plan together. Let’s explore some of those excuses and why they can be dangerous, and talk about how to overcome them.

 

Here is some of what you’ll learn on this show:

  • Why you shouldn’t expect your retirement to go like your parents’ did.  (2:36)
  • What to do if financial stuff stresses you out. (6:45)
  • Is being too busy a good reason for putting off your finances? (9:34)
  • What perfectionists can do if they struggle with the constant change in planning? (12:13)

Set up a meeting: http://talkwithlee.com

Ep 74: Social Security – Delay or No Way?

When to claim Social Security is a question that’s been asked as long as the program has been around. The reason why we’re still answering this question is that the strategy will vary for every individual.

No matter what you decide, this crucial piece of income planning will certainly be a big part of retirement so you want to get it right. For certain people, claiming as soon as you’re eligible at age 62 is the best option for retirement while others will want to wait as long as possible to maximize the benefit.

Today we’ll try to simplify it all and lay out the considerations we go through to help our clients determine whether to delay Social Security or not.  

Here is some of what you’ll learn on this show:

  • How to determine what strategy is appropriate for you. (3:35)
  • What’s the first consideration if you need the money but don’t want to claim benefits immediately? (5:28)
  • How to maximize your benefits to get the largest payout. (6:20)
  • Why Lee feels our future health is a primary factor for making the decision. (9:01)

 

For more, visit us online: http://myretirementclarity.com

Book a meeting with Lee: http://talkwithlee.com 

Ep 73: Planning Opportunities If You’re Between Opportunities

Finding yourself between jobs can be frustrating—whether you were fired, laid off, or just had to step away of your own choosing.

But it can also present some opportunities. Let’s discuss some of the challenges and opportunities that you need to consider if you’re between jobs.

Here is some of what you’ll learn on this show:

  • Why this might be a great chance to explore a career that you’ve always had an interest in. (2:07)
  • Why some people use this as an opportunity to become their own boss and turn a hobby into a career. (4:13)
  • Do you have a plan for how you’ll cover your health insurance when your employer is no longer paying for it? (6:55)
  • Why you should be thinking about tax planning items that spring up from changing jobs. (13:00)

For more, visit us online: http://myretirementclarity.com

Ep 72: Tax Planning Strategies with Steven Brewer, CPA

On this episode, we’re going to get tax insights from local professional Steven Brewer, CPA, who specializes in working with business owners but is also very knowledgeable when it comes to individual tax planning.

Here is some of what you’ll learn on this show:

  • Lee’s first accounting class and why he immediately changed his major. (1:49)
  • Where does Steven see taxes going in the future and how does that impact investing today? (6:00)
  • The tax planning opportunities that most people look including a few specific to Georgia residents. (8:43)
  • What can you do to prepare for the increasing tax environment that we’re in? (12:10)
  • The things that trigger audits and when they typically happen. (17:15)
  • Advice he would give business owners that want to be more proactive. (19:45)

 

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

 

Ep 71: Can You Ace This Retirement Quiz?

Don’t dread this as much as you hated hearing these words as a kid, but it’s time for a pop quiz! We’re putting retirement planning preparedness under the microscope with 5 critical questions to which you need to know the answers. So sharpen those pencils and let’s see how ready you are for retirement.

 

Here is some of what you’ll learn on this show:

  • Some exciting news about the future of the show (1:51)
  • How much income will you need in retirement compared to how much you’re making while working. (5:42)
  • What’s the biggest fear for most retirees and how planning accounts for that. (8:24)
  • What does a truly diversified portfolio look like and how can you achieve that within your retirement plan.  (12:30)

 Hopefully you’ll pick up on something during the quiz that you didn’t know about before, but if you have questions about anything we discussed on the show, please reach out and we’ll be happy to talk to you about your financial situation.

 

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

Ep 70: Bucket Strategy 101

The bucket strategy is a commonly used plan when it comes to retirement. This allows you to allocate money for different goals and helps keep you calm when things are looking down. Lee will discuss what each bucket is for, some common investment vehicles for each of them, and how this might benefit you when putting together a plan.

 

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

 

Ep 69: 5 Strategies to Consider During A Down Market

The market is down right now and has a lot of people panicking about what to do with their investments. But there are potential opportunities out there if you look closely. On this episode, we give 5 potential strategies you may be able to utilize during this time.

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

Ep 68: Secret To Retirement Success: Get Out Of Your Own Way

There are plenty of external factors that often negatively influence our chances of having a successful retirement. But often, failure comes from within. On this episode, we’ll talk about some of the common ways people get in their own way when it comes to financial planning.

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

Ep 67: Retirement Community Living With Joe and Suzanne Best

On this episode of the podcast, we chat with Joe and Suzanne Best. Before retirement, Joe worked as a federal probation officer and Suzanne worked in the public education sector. Once retirement was a reality, they decided to move into a retirement community. We will talk with them about what their experience has been like and what their lifestyle looks like now.

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

Ep 66: The Most Important Birthdays in Retirement Planning

There are certain age milestones where you should really pay attention to your retirement planning progress. On this episode, we’ll look at the most important birthdays as you approach retirement and cover the exact things you should be checking off your to-do list at each age.

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

Ep 65: Common Housing Questions from Retirees

Housing is a really important topic for a lot of retirees because, for many of us, it’s the biggest asset we’ll ever own or manage. We want to get that part of our financial equation correct, so it’s no surprise it takes up a nice slice of the retirement planning conversation. On this episode, we’ll cover some common housing questions from retirees and hopefully hit on an issue that might also be on your mind.

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

Ep 64: How To Recognize Your Own Voice of Greed

When it comes to your money, you might have several different voices in your head— maybe the voice of greed, or the voice of fear, and sometimes the voice of wisdom. Let’s look at some things we might hear from the voice of greed so you know how to recognize it when you hear it…

Important Links:

Website: myretirementclarity.com/podcast/

Call: 478-254-3550

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