My Retirement Clarity with Lee Perkins

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Your annual financial review might be the most important hour of your financial life, but only if it’s done right. In this episode, Lee breaks down what a great review should actually look like and why it should go far beyond just investment performance. The goal isn’t to check a box once a year; it’s to make sure your plan is still aligned with your life. Here’s what we discuss in today’s show: 📅 Annual Reviews Matter: One of the most valuable financial meetings you’ll have 💬 It Starts With You: The best reviews begin with what’s on your mind 📊 Beyond Performance: It’s not just about returns and benchmarks 🧾 Full Planning View: Taxes, income, goals, and life changes all matter 🤝 Advisor Value: A good advisor focuses on your life, not just your portfolio Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com There was a surprising retirement announcement tucked inside the State of the Union, one that could impact millions of Americans without access to employer-sponsored plans. In this episode, Lee shares his early reactions to the proposal, which introduces a government-managed retirement account with a potential federal match. He also shares a special announcement about his firm. Here’s what we discuss in today’s show: 🏛️ Federal Match Idea: New proposal for $1,000 match 🧾 Plan Details: Government-run retirement account concept 🧠 Behavioral Reality: Free money doesn’t guarantee action 📊 Real Impact: May not move the needle for many 🎓 Next Gen Workshops: Teaching kids real-world money skills Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Nobody enjoys tax season, but for new retirees, the transition from working income to retirement income can create a whole new set of tax challenges. Lee breaks down several common tax pitfalls that new retirees often face, inspired by a recent financial article and real-world client conversations. Tune in to find out how thoughtful planning can help retirees avoid unpleasant surprises and keep more of their money working for them in retirement. Here’s what we discuss in today’s show: 📅 Ignoring Upcoming RMDs: Required distributions catch many retirees off guard 🔁 Roth Conversions Done Wrong: Poor timing can create unnecessary taxes ⚠️ Social Security Tax Surprise: Benefits can become taxable depending on income 👨‍👩‍👧 Planning for a Spouse or Heir: Survivor taxes can reshape the financial picture 🏛️ Who Gets the Money?: Without planning, the IRS may get a bigger share 🚀 From Advice to Action: Strategies only work when they’re actually implemented Read The 5 Biggest Tax Mistakes New Retirees Make in the First 5 Years https://www.kiplinger.com/taxes/tax-planning/biggest-tax-mistakes-new-retirees-make-in-first-years Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com In this episode, Lee opens the mailbag to tackle the questions he hears most often in real-life retirement conversations. He addresses the tradeoffs behind major financial choices, the emotions around market ups and downs, and the confusion many feel about key retirement milestones. You’ll hear how he helps people think through these issues so they can move from worry to clarity about their next phase. Here’s what we discuss in today’s show: 🏊 Swimming Pool Debate: Lifestyle upgrades vs long-term financial impact 📉 Market Drop Fears: What to do when correction anxiety hits 🧓 Social Security Timing: Early vs delayed benefits and what matters most 💼 401(k) Rollover Rules: When you can move money and when you can’t 🏥 Long-Term Care Planning: Insurance options and proactive protection strategies Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Everyone has an opinion about money, especially the ones with microphones and book deals. Lee weighs in on some of the most talked-about financial advice circulating today. Some ideas have merit. Others sound better on stage than they work in real life. The key is knowing how to separate entertainment from practical planning. Here’s what we discuss in today’s show: 🎙️ Financial Influencers: Entertainment vs real-world advice 📘 Rich Dad Mindset: Startup risks and alternative assets 🏦 Just-In-Case Cash: Three-to-five year reserve debate 🏠 Buy vs Rent: Lifestyle, appreciation, and flexibility 🤖 AI & Retirement: Bold predictions and real-world reality Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Retirement planning rarely follows a straight line, and today’s listener questions prove it. In this special mailbag episode, Lee tackles real questions that reflect the decisions and uncertainties people face in retirement. Along the way, he addresses common retirement myths and shares his perspective on managing risk, keeping things simple, and enjoying life while you’re still healthy. Here’s what we discuss in today’s show: 💰 Retirement Income Sources: Where bonds fit and where they don’t 👩 Single at 62: Prioritizing income, health, and simplicity 🛡️ Long-Term Care Planning: Why inheritances aren’t a strategy 🏢 Unexpected Job Loss: Options when work ends earlier than planned ⏰ Retirement Timing: Navigating different comfort levels between spouses Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com There’s no shortage of financial advice out there, and unfortunately, not all of it is good. Some of the most damaging retirement mistakes don’t come from reckless behavior, but from ideas that sound reasonable and get repeated often enough to feel true. Today, we’re busting some of the most common retirement planning myths and explaining why believing them can quietly derail an otherwise solid plan. Here’s what we discuss in today’s show: 📄 Why bigger financial plans aren’t better 🏠 The limits of “just having a will” 💍 The real income needs of a surviving spouse 📉 Why stopping spending in a downturn doesn’t work 💰 Common myths around Social Security and taxes Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Turning 62 might not feel like a milestone birthday… until you realize the Social Security clock just started ticking. Filing now could put money in your pocket sooner or cost you tens of thousands over a lifetime. How do you pick the right strategy? Let’s break down how to think through one of the biggest retirement decisions you’ll ever make. Here’s what we discuss in today’s show: 🕒 Why many retirees choose to claim Social Security at 62 📊 The trade-offs between early filing and full retirement age 💼 How working impacts Social Security through the earnings test 💍 Spousal and survivor benefit considerations 💡 Using Social Security strategically to enhance your retirement lifestyle Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Nothing will mess with your financial confidence faster than comparing your savings to your brother, your coworkers, or that guy on YouTube who claims he retired at 35. Your retirement number isn’t a competition. Today, Lee talks about what really matters when you’re trying to figure out if you’re behind on your savings goals…and what to do if you actually are. Everyone’s financial story is different. Once you stop comparing and start planning, you’ll know exactly what steps to take next. Here’s what we discuss in today’s show: 🔍 Comparison steals joy and creates unnecessary retirement stress 💰 Your retirement number is personal, not a competition 📉 Expenses, not savings, determine how much you truly need 📈 Comparing investment returns is misleading and unhelpful 🛠️ Focus on controllable actions like saving and budgeting Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com We've all heard the saying there is no such thing as a bad question, but in retirement planning, some questions are definitely better than others. In this episode, Lee explains the five questions smart investors ask and explains how reframing each one leads to better decisions, stronger strategies, and more confident planning. The smartest investors don’t just look for answers. They learn to ask better questions. Here’s what we discuss in today’s show: 📰 Office News: team update and new advisor announcement 💰 How Much Do I Need? Reframing savings into income needs 🏥 Long-Term Care: exploring all coverage options instead of rolling the dice 💸 Fees vs. Value: understanding what you truly get for the price 🧾 Taxes: shifting the conversation from “this year” to lifetime tax savings 📉 Market Fear: building a portfolio that works in every market—not timing the chaos Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Considering marriage in your 50s or 60s? While it's a time for new beginnings and happiness, it can also introduce unique financial challenges. In this episode, Lee shares expert insights on navigating retirement planning when two lives- and two sets of finances- come together. Discover how honest conversations today can strengthen your relationship and ensure your legacy for the future. Here’s what we discuss in today’s show: 💍 Remarriage & Retirement: blending lives without merging finances 💬 Financial Transparency: why honesty builds long-term stability 💵 Cash Flow Planning: aligning income and spending in retirement 📊 Separate Accounts: managing assets while planning together 👨‍👩‍👧 Family Balance: protecting children and shared goals ⚖️ Ground Rules: setting expectations before you tie the knot Check out our upcoming workshops: https://jlperkinswealth.com/attend-an-event/

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com The mail’s here! Today, Lee answers listener questions about life, money, and retirement planning. Each scenario highlights the unique challenges people face as they approach or live through retirement, and the importance of making confident, well-coordinated decisions along the way. Most times, the best advice doesn’t come from Google, it comes from experience, wisdom, and planning. Here’s what we discuss in today’s show: 💰 Income Boost: how to handle a sudden increase in earnings 👵 Parents’ Financial Health: addressing concerns and planning for their future 📆 Social Security Choices: deciding when and how to claim benefits 🏡 Vacation Home Dilemma: the pros and cons of buying property with family Check out our upcoming workshops: https://jlperkinswealth.com/attend-an-event/

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Think having two financial advisors gives you an edge? Think again. It might sound smart, but splitting your investments often leads to mixed messages, conflicting strategies, and costly mistakes. Today, Lee exposes the hidden dangers of a “too many cooks in the kitchen” approach to money, and why one clear, trusted voice can make all the difference in your financial future. Here’s what we discuss in today’s show: 💸 Why People Split Money: common reasons investors divide their assets between firms 🗣️ Coordinating Advice: the challenge of getting everyone on the same page 📊 Returns Race: why chasing short-term performance hurts long-term goals 📉 Investment Overlap: certain strategies can double your risk instead of spreading it Check out our upcoming workshops: https://jlperkinswealth.com/attend-an-event/

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com The mailbag is open! In this episode, Lee tackles real-world listener questions that hit on some of the most common dilemmas retirees face. First up: should you buy that RV with debt, or withdraw from your IRA and take the tax hit? Then, how do you know if a life insurance “investment” pitch is a smart opportunity or just a sales tactic to avoid? Next, Lee addresses a common concern: what should you do with a large 401(k) balance when you don’t fully understand investing? He explains why saving is great, but strategy is essential. He also breaks down when it makes sense to use a Roth 401(k) option at work. From there, the focus shifts to retirement psychology: what if you’re afraid of running out of money? Do you need to cut back or go back to work? Lee explains why neither is ideal and what to do instead. Finally, we hear from a listener who received a surprise inheritance and wants to know how to navigate IRAs, stocks, and property the right way. Here’s what we discuss in today’s show: 🚐 RV dilemmas – buy with debt or tap your IRA? 🛡️ Life insurance sales – smart questions to ask before saying yes 📊 401(k) reality check – saving isn’t enough without a strategy 🔄 Roth 401(k) choices – when shifting contributions makes sense 💸 Running out of money – how to calm the fear of going back to work 🏡 Getting a surprise inheritance – how to manage it wisely Check out our upcoming workshops: https://jlperkinswealth.com/attend-an-event/

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com Well, you’re retired. Now what? Some people follow the “first year rule,” believing the majority of your best retirement months will happen in those first twelve. But if you don’t approach this season with intentionality, you could set the wrong tone emotionally and financially. In this episode, Lee shares the five essential steps every new retiree should take during year one. You’ll hear real stories and practical advice, like how to stay healthy, find purpose, and even test-drive big lifestyle changes before making them permanent. The habits, routines, and choices you make early in retirement will echo through the years ahead. Be intentional now, and you’ll set yourself up for a retirement that’s not only financially sustainable but also deeply fulfilling. Here’s what we discuss in today’s show: 💸 Adjusting to spending when “every day is Saturday” 📊 Building a tax-smart withdrawal strategy 🎯 Establishing routines and finding purpose beyond hobbies 🏃‍♂️ Prioritizing health and preventative habits early 🚗 Testing driving your long-term plans Check out our upcoming workshops: https://jlperkinswealth.com/attend-an-event/

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com If your parents or grandparents passed away young, it’s natural to wonder: Should I grab Social Security as early as possible? It sounds simple, but the truth is far more nuanced. In this episode, Lee unpacks why longevity isn’t just about family history. Advances in medicine, modern lifestyles, and the kind of retirement you envision all play a huge role in when (and how) you should claim benefits. Lee explains what early filing actually does to your benefits, why spousal considerations matter, and how delaying benefits can increase overall lifetime income for you and potentially for a surviving spouse. Instead of making this decision in a vacuum, Lee shows how Social Security fits into your broader financial plan alongside pensions, savings, and other income sources. Here’s what we discuss in today’s show: 🧬 Family history vs. actual longevity factors 💵 How delayed credits can boost your benefit ❤️ ‍What happens to Social Security if a spouse passes away first 🔄 Trade-offs of using your own assets vs. claiming early 📊 Using Social Security in a comprehensive plan Check out our upcoming workshops: https://jlperkinswealth.com/attend-an-event/

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com You’ve probably said it before. ‘I ran the numbers, and I should be fine.’ But what if the math you're relying on isn’t telling the whole story? Today, we’re unpacking some of the most common examples of fuzzy retirement math- rules of thumb and assumptions that sound good on paper but can derail your plan if you take them at face value. Lee breaks down why average returns don’t tell the full story, why the 4% withdrawal rule isn’t a guarantee, and why relying only on dividends or assuming you’ll spend less in retirement can backfire. He also explains how taxes and Social Security decisions are often misunderstood, and why flexibility- not formulas- is the real key to retirement success. Here’s what we discuss in today’s show: 📉 Average returns don’t guarantee consistent growth 💸 The 4% rule isn’t always reliable for withdrawals 📊 Dividends and interest alone can create unstable income 🛍️ Retirees often spend more, not less 💰 Many people stay in the same tax bracket in retirement ⏳ Waiting until 70 for Social Security isn’t always best Check out our upcoming workshops: https://jlperkinswealth.com/attend-an-event/

Today, Lee dives into an important topic for federal employees: the Thrift Savings Plan (TSP). While the TSP is a powerful accumulation tool, it may lack the flexibility needed in retirement. Lee explains why reaching age 59½ is a critical turning point and how rolling over TSP funds into an IRA can provide greater control, investment options, and tax planning strategies. He highlights both the strengths of the TSP- like low fees, simplicity, and automatic payroll deductions- and its limitations in terms of withdrawal rules and lack of integration with broader financial planning. Lee also shares a client story to illustrate how a personalized plan can make a big difference. If you’re approaching retirement and want to make smart, strategic decisions with your TSP, this episode is a must-listen. Here’s what we discuss in today’s show: 💼 TSP has ultra-low fees, but few options 🎯 Age 59½ opens rollover opportunities 🔄 How rolling over to an IRA offers flexibility and options 🧾The benefits of a personalized tax strategy Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

When it comes to planning for retirement, we often obsess over dollars and cents. But what if the most valuable resource isn’t money at all, but your time? In this episode, Lee shares two compelling client stories that illustrate just how differently people approach time and wealth. One couple clung tightly to their growing nest egg, postponing their dreams until it was too late. Another took a leap of faith, prioritized experiences, and now lives a life full of travel, generosity, and joy. Are you stuck in the mindset of saving for someday, or are you prepared to start living now? Today, Lee challenges what you might think it means to be “ready” for retirement. He unpacks the emotional weight of financial decision-making and offers a clear call to action: use your resources while you still have time to enjoy them. Here’s what we discuss in today’s show: 🏔️ The sad story of a dream mountain house that never got built 💸 How over-saving can rob you of the joy you already earned 🎉 A couple with less money, but more memories, thanks to confident planning 👨‍👩‍👧‍👦 Why giving money to grandkids now might be more rewarding than leaving an inheritance Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

In a world filled with so much uncertainty, it’s easy to feel overwhelmed by what you can’t control. Volatile markets, shifting tax laws, and political noise don’t seem to be going away anytime soon. But when it comes to retirement planning, there are things you can control, and they’re far more powerful than most people realize. In this episode, Lee walks through the four key areas retirees should focus on to build clarity, confidence, and peace of mind. He shares how his “financial house” model helps retirees decide how much risk they’re comfortable with, and why flexibility is the key to effective income planning. You’ll also hear why it’s worth paying attention to future tax exposure and how to plan around Social Security instead of depending on it. Rather than obsessing over political gridlock or looming program changes, Lee shows how to reduce reliance on government promises and build a retirement plan that stands strong regardless of what’s happening in Washington or on Wall Street. Here’s what we discuss in today’s show: 📉 Managing how much risk you take 💰 Designing income streams in retirement 💼 Avoid future tax-time surprises 🚫 Not letting Social Security be your only plan 🧠 Why obsessing over headlines can undermine your retirement confidence Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com