My Retirement Clarity with Lee Perkins

Ep 102: Should An Advisor Tailor A Plan To Fit Your Personality?

Are you tired of one-size-fits-all financial advice that doesn't quite fit your unique needs and goals? There are many types of personalities out there when it comes to financial matters, and we’ve found that most of our clients fall into one of the categories we’ll discuss today. In this episode, we’ll explore how understanding your financial personality can help you make more informed financial decisions.
Here are some of the topics we will cover in this episode:
The ‘victim’ who has been burned by something in their financial past. (2:50)
The ‘over-analyzer’ who has a tough time making financial decisions. (5:16)
The potential risks ‘do-it-yourselfers’ face by not seeking professional financial advice. (7:36)
“There are risks associated with being too conservative.” How ‘silo stockers’ can benefit from having some money in the market. (14:02)
Working with couples that are not on the same page regarding finances. (16:23)
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
Get more financial education at http://myretirementclarity.com

Ep 101: Moving Your Retirement Goalposts - Is It Worth The Risk?

Do you ever feel like your retirement planning goals are always moving? You're not alone. We’ve found that people often move the goalposts in their own retirement planning, often to their detriment. In this episode, we're diving deep into the psychology of retirement planning and the dangers of moving the goalposts.
Here are some of the topics we will cover in this episode:
Holding onto excess cash and not investing it could mean giving up on potential earnings. 2:15
Procrastinating with investing is an easy trap: “There’s always going to be a reason to keep you from saving money.” 5:40
The danger of waiting to reach a specific number in your investment account before reducing risks. 10:06
How procrastinating retirement planning could have you working longer than you originally planned. 13:19
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
Get more financial education at http://myretirementclarity.com
 

Ep 100: Facing Financial Fear in Retirement

In this episode, we’ll highlight the most common financial fears and discuss how to address them in your retirement plan. Whether you are worried about running out of money during retirement or aren’t sure how to find the best financial advisor for your situation, this episode will help you face these fears head on. 
Here are some of the topics we will cover in this episode:
The fear of running out of money during retirement and preparing for the expense of end-of-life care 2:13
The fear of overpaying for taxes and why it’s important to plan as taxes increase over time. 7:39
Finding the balance between leaving behind a legacy and enjoying your retirement lifestyle. 10:23
The fear of having to reduce the quality of your life in retirement because of the economy. 13:22
How to find an advisor you trust with your financial situation. 16:01
 
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
Get more financial education at http://myretirementclarity.com
 

Ep 99: Why Am I Afraid to Spend My Money?

We work with some tremendous savers who worked hard and sacrificed to build a nest egg, and that mindset isn’t easy to move away from. Many of those same savers are afraid to spend their own money once they’ve reached retirement.
So what can you do to embrace that mindset shift? We’ll share a recent conversation we had about this and discuss some ways you can address the problem.
 
Here’s some of what you’ll learn in this episode:
Why is this struggle to spend money a little more prevalent in recent years? 1:03
What happens to your mindset when you retire? 3:40
Why remaining disciplined with your investment strategy will help you do better over the long-term. 7:14
How we perceive value when it’s our money versus when the money comes from someone else. 10:35
What can you do to give yourself confidence to spend money in retirement? 13:45
 
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
 Get more financial education at http://myretirementclarity.com

Ep 98: Four Ways The SECURE Act 2.0 Might Impact You

After being discussed in Congress for nearly a year and a half, the SECURE Act 2.0 passed in January. This follows the original piece of legislation that took effect at the beginning of 2020. With a list of nearly 100 provisions, there’s too much to sort out in one show. Instead, we want to highlight a few of the planning opportunities that could affect most retirees.
 
Here’s some of what you’ll learn in this episode:
The RMD age is moving back again in 2023. 2:52
Catch-up contributions have received an adjustment that people approaching retirement need to know about. 6:51
You will soon have the option to roll money over from a 529 plan to a Roth. 9:24
Now people will have the chance to earn their company match to a 401(k) while making qualifying student loan payments. 12:23
How can you forecast the tax amount you’ll owe in retirement?  16:45
 
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
Get more financial education at http://myretirementclarity.com

Ep 97: Living Off the Interest in Retirement

If you’ve been a good saver for most of your life, you might find yourself in a position at retirement where you want to try to live off the interest the money can make you rather than tapping into your nest egg.
It’s a great idea and would go a long way toward protecting your money, but is it a realistic goal? In today’s episode, Lee is going to tell you why living off the interest in retirement probably won’t work.
Here’s some of what you’ll learn in this episode:
When did people start having the idea that you could live off interest in retirement? 2:24
Why this goal might have seemed realistic in the 70s and 80s. 3:42
What has changed since that time? 4:47
Here’s how we break down the math. 7:43
This is why income planning needs to be more of a focus for retirees. 10:40
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
Get more financial education at http://myretirementclarity.com

Ep 96: Setting Financial, Business and Personal Goals For 2023

In this episode, we want to set some well-thought-out goals that we can plan for and work hard to achieve. We’ll do that in the area of business, finance, and personal goals with the help of Lee today to give you some things to strive for in every area of life.
 
Here’s some of what you’ll learn in this episode:
What personal goals has Lee set for the year? (2:33)
Relationship goals for 2023. (6:10)
The goals that business owners can aim for. (8:37)
How Lee prioritizes financial goals. (12:01)
Should tax planning be included in your goals? (15:39)
 
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
 Get more financial education at http://myretirementclarity.com

Ep 95: 4 Common Retirement Questions About Taxes

Nobody enjoys taxes, especially while they’re working because they eat into so much of our paycheck. But what about retirement? How should we be planning for taxes when we’re no longer working?
That’s the topic for this episode of the podcast and we’ll dive into it by addressing four of the most common questions we get from pre-retirees or those that just recently retired.
Here’s some of what you’ll learn in this episode:
Will you have as many deductions in retirement as you do while you’re working? (1:27)
Are all of your retirement accounts taxed the same. (4:41)
Should you move to an income tax free state? (7:15)
Is there a way to get tax-free income in retirement? (10:47)
 
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
 Get more financial education at http://myretirementclarity.com

Ep 94: Rookie Mistakes Experienced Investors Make

In this episode, we’ll cover some of the top rookie mistakes we see people make, and illustrate how to avoid them or how to fix them if you’ve already made some mistakes in your financial life. Plus, we’ll tell you about a recent trip we made to the golf course that included a hole-in-one.
Here’s some of what you’ll learn in this episode:
How investing without a purpose becomes a problem. (3:26)
Why we often find that people don’t know how much risk they have in their portfolio. (6:45)
Emotions are one of the major causes for investment failure. (11:48)
Are people being transparent with their ‘hot tips’? (15:39)
There are fees associated with investing and you need to be aware of this. (18:40)
 
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
Get more financial education at http://myretirementclarity.com

Ep 93: Retirement Spending Strategies for 2023

Most folks enjoy spending money, and it’s pretty easy to do when you’re working because that paycheck gives you a safety net. But how do you spend money in retirement in a way that gives you the best chance of not running out of money? Today we’re going to give you four retirement spending strategies that you might want to consider.
 
Here’s some of what you’ll learn in this episode:
We break retirement expenses up into two categories. (1:30)
The inflation-adjusted spending strategy. (4:46)
The spending smile method. (9:11)
The floor and ceiling method. (13:02)
The retirement guardrails strategy. (14:30)
 
Want to set up a meeting with us? Visit us here: http://talkwithlee.com
 Get more financial education at http://myretirementclarity.com