My Retirement Clarity with Lee Perkins

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

The 4% rule gets talked about like gospel in retirement planning. But let’s be honest, it’s always been more of a rough guess than a golden rule. Now, its original creator is revising it to 4.7%. So, does that mean your retirement paycheck just got a raise, or is this just another headline that oversimplifies a complex decision? In this episode, Lee explores the deeper reality behind this rule change and why your withdrawal rate should depend on more than just a headline number. While a higher number might feel like a green light to spend more, Lee emphasizes that real retirement planning requires a personalized approach, not just a rule of thumb. From sequence-of-returns risk to changing needs over time, this conversation helps unpack why no single rule fits everyone. Here’s what we discuss in today’s show: 📢 What the new 4.7% rule actually means 🧩 How your spending needs shift across retirement phases 💬 What to consider before adjusting your retirement income 🛠️ How Lee’s team stress-tests your plan for long-term success Resources for this episode: Read the full Investor’s Business Daily article here: https://www.investors.com/etfs-and-funds/retirement/four-percent-rule-for-retirement-new-withdrawal-rate/ Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

You’ve always been told to save for retirement, but can you go too far? Is it actually possible to over-save for the future? In this insightful episode, Lee answers a compelling listener question about what happens when saving becomes so aggressive that it starts to limit your lifestyle today. He dives into the emotional and practical downsides of over-saving, the dangers of comparing yourself to others, and how to strike a balance for long-term fulfillment. If you’re maxing out your retirement accounts and feel like you’re living paycheck to paycheck, this conversation is for you. Lee offers practical insights for building a financial plan that includes your bucket list, not just your retirement date. Financial security isn’t just about having enough money later, it’s also about making the most of your life now. Life is short. Let’s make sure your plan reflects that truth. Here’s what we discuss in today’s show: 💸 Why “saving more” isn’t always the right answer 📅 The emotional cost of deferring joy until retirement 📉 Warning signs you might be sacrificing too much today 🏖️ How to build a plan that supports both now and later 📊 Why financial planning should include your bucket list Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Graduation season isn’t just a time for caps, gowns, and celebrations, it’s a pivotal financial crossroads for many young adults stepping into independence. As they leave the classroom behind and enter the workforce, the financial decisions they make now can quietly shape the next 40 years of their lives. Today, Lee talks about why it’s so important for parents, grandparents, and mentors to help them lay a solid foundation, not just with money, but with mindset. Listen in as Lee shares practical ways to equip recent graduates for long-term success. From starting an emergency fund to making early Roth IRA contributions, he outlines the key conversations and habits that matter most. He also reflects on real stories, including his own, and offers creative gift ideas for families who want to offer more than just a check. Here’s what we discuss in today’s show: 🧠 Life lessons for financial independence at 22, not 52 💳 The sunglasses that taught Lee a credit card lesson 📈 Why your first paycheck is your best investment weapon 🔥 The two-fund strategy: emergency vs. “fun” money 🎁 Gift ideas for graduates that build wealth Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

The headlines are loud, the markets are messy, and your gut might be telling you to do something — anything — right now. If recent volatility has you feeling uneasy, you're not alone, but reacting the wrong way can cost you far more than a bumpy month in the markets. In this episode, Lee breaks down how tariffs and trade tensions are fueling market swings and what that really means for your retirement plans. He also shares practical steps to stay calm, stay invested, and keep your financial house in order. You'll learn why short-term chaos often clouds long-term fundamentals, why diversification is more critical now than ever, and how emotional decisions derail otherwise solid strategies. Plus, you'll hear how past crises hold key lessons for investors today. Tune in to learn more about how to navigate times of market volatility and hold onto peace even when the headlines are telling you it’s time to panic. Here’s what we discuss in today’s show: 🌍 How tariffs and trade wars impact your portfolio 📉 Why volatility spikes and why it’s normal 🏠 Building a strong financial "house" to weather storms 📊 The real power of diversification during chaos 🔮 Why patience beats prediction every time Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Reinvention can be exciting, but is it risky when retirement is on the horizon? In this episode, Lee answers a question from a listener who wants to shift from corporate life to a new career in real estate at age 53, using IRA withdrawals to stay afloat during the transition. He also breaks down why early withdrawals can be financially dangerous and how commission-based careers may not offer the stability needed in this phase of life. Beyond the technical advice, Lee explores the emotional side of starting over, how to balance passion with practicality, and what questions to ask before making a leap. He shares a practical framework for pursuing your passion without jeopardizing your long-term goals: get clarity, know your value, and make sure someone is willing to pay for the problems you solve. Here’s what we discuss in today’s show: 🚫 The penalty trap of early IRA withdrawals 🏦 Why 401(k) rules after age 55 offer more flexibility 📉 The income risks of commission-based careers 🧠 How to turn passion into a paid skillset 💼 Why a salaried job may offer better financial stability Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Many people approach retirement age asking the question, “Have I done enough?” It’s a common worry, but are they really focusing on the right things? Based on a survey of nearly 400 experienced advisors, Lee explores the gap between what clients fear and what he believes truly deserves their focus when planning for retirement. He unpacks why concerns like outliving your money and market crashes dominate our minds and the two key factors he believes matter more. Retirement is often seen as a time of relaxation and enjoyment, but it can also be fraught with anxiety and uncertainty. Understanding the common worries can help individuals better prepare for this important phase of life, even in the wake of rising costs and increasing life expectancies. Tune in for tips on how to feel more confident about your financial future! Here’s what we discuss in today’s show: 📉 Outliving your money is a top fear but solvable with the right plan 📬 Reliable income = confidence in retirement 🧾 Healthcare is a concern, but not the only thing worth planning for 👫 The financial impact of losing a spouse is often underestimated 💸 Don't just save money- learn how to spend it purposefully Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted. Many investors can’t resist chasing big wins, even though diversification is a smarter play. One economist, Hendrik Bessembinder, analyzed the returns of nearly a century of stock performance. Let’s compare what he found to March Madness history and uncover what March Madness can teach us about investing! Here’s what we discuss in today’s show: 🏆 Many people guess winners, the majority lose money 📉The odds of sustainable success are slim ❌ The most familiar choice doesn’t mean victory 📚 Lee’s financial lessons and takeaways Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

For years, $1 million was considered the gold standard for retirement savings. But is it really enough? In this episode, Lee and Ben explore just how far that million-dollar nest egg can take you in retirement, depending on where you live. Recent studies reveal a stark reality: in some states, $1 million could last a lifetime, while in others, it may barely cover 15 years. But geography isn’t the only factor. Spending habits, debt, and lifestyle choices all play a crucial role in determining whether your savings will truly sustain you. Here’s what we discuss in today’s show: 💰 How long $1 million lasts in retirement across different states 💳 The biggest factors that impact your retirement savings beyond location 🧩 Why retirement planning is not one-size-fits-all 🌴🏖️ How to determine if your nest egg is truly enough for the retirement you envision Resources for this episode: 📌https://www.gobankingrates.com/retirement/planning/how-long-million-last-retirement-state/ 📌https://www.gobankingrates.com/retirement/social-security/how-far-1-million-plus-social-security-goes-in-every-state/ Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

If you’ve spent years successfully managing your own investments, do you really need a financial advisor? That’s the question Bob, one of our listeners, sent in. He’s got an MBA, knows the markets well, and has always handled his portfolio solo. So, is working with an advisor just an extra expense, or could it actually add real value? In this episode, we break down when and why even experienced investors might benefit from professional guidance and when they’re probably fine on their own. Here’s what we discuss in today’s show: Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

This week, Lee and Keith dive into Carl Richard’s timeless article, Pretending To Be An Investor Is Dangerous, and discuss how to avoid the common mistakes many people make when managing their investments, particularly as they approach retirement. They explore what it means to be a "pretend investor" and break down the six key behaviors that can derail your financial security- from obsessing over short-time market fluctuations to chasing the latest hot stock. Tune in for a great discussion on how to focus on what truly matters- your financial health- while avoiding the distractions and fears created by the news cycle and peer pressure. You’ll learn why sometimes, ignoring the chatter is the smartest move you can make with your retirement funds. Here’s what we discuss in today’s show: Resources for this episode: Check out more articles from Carl Richards here: https://behaviorgap.com/ Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

A recent article on Fortune highlights a growing trend among baby boomers: continuing to work well into their 60s and 70s. Surprisingly, this is not out of necessity, but for the mental stimulation, social connections, and fulfillment that work provides. With nearly 20% of Americans over 65 still employed, this shift is challenging traditional views of retirement and sparking important conversations about what it means to truly retire. Join us as we explore this growing trend on today’s show. Lee has witnessed firsthand how retirement goals have shifted in recent years and is having more frequent conversations with clients about the evolving landscape of retirement. Is staying in the workforce the right choice for you? Here’s what we discuss in today’s show: Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

As we step into 2025, many of us set New Year’s resolutions—whether it’s eating healthier, exercising more, or cutting back on a vice. But what if we also focused on improving our attitude toward money? The New Year is a great time for a reset and to adjust our attitudes when it comes to finances, and in this episode, Lee will break down what some of those financial attitude shifts could be. From being more mindful of the long-term financial impact of today's decisions to taking that first step toward building a retirement plan, there’s always room for improvement when it comes to managing money. Let’s kick off 2025 on the right financial foot! Here’s what we discuss in today’s show: Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

In this episode of My Retirement Clarity, Lee sits down with a long-time client and friend, Joey Kinard, to discuss how he and his wife are making the most of their retirement years. From traveling to new places to embracing an active lifestyle, Joey shares what’s been working for them as they enjoy this exciting chapter of life. Joey’s early retirement was filled with memorable RV adventures. These days, he and his wife enjoy exploring state parks, visiting local farmers markets and festivals, and spending time at their favorite getaway- Alligator Point, Florida. Joey offers great insights on checking off bucket list items, staying active and maintaining a sense of community in retirement. Along the way, we’ll talk about financial freedom, the importance of knowing your spending habits, and why time is your most valuable resource in retirement. Tune in as we explore what it means to retire with intention and enjoy the journey! Here’s what we discuss in today’s show: Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

At JL Perkins Wealth Management, we receive all sorts of questions about financial and retirement planning, but some themes come up more often than others. In today's mailbag edition of the show, we'll tackle some of the most common questions we answer on a daily basis. Lori wonders whether it’s advisable to help her aging parents financially, especially with potential long-term care needs. Matt asks if he should resume his 401(k) contributions after pausing them due to the election. If you’re listening to this episode, you’ve likely had questions about one or two of these items, so stick with us! Here’s what we discuss in today’s show: Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com