Losing a spouse is an incredibly difficult event that can leave one feeling lost and overwhelmed emotionally and financially. In today’s episode, Lee is going to take us behind the scenes and share the stories of two clients who faced the sudden loss of their husbands. He’ll offer insight into how each of them coped differently with their loss, and how the J.L. Perkins team helped them navigate this difficult transition.

Listen in as Lee shares why it is so critical to have a plan in place and a financial advisor in your corner in the wake of tragic circumstances. He also stresses the importance of couples being actively engaged in their finances with a clear understanding of their financial situation. While this is not a scenario anyone wants to face or think about, sharing these stories can help you prepare should you or someone you know ever find themselves in a similar situation.

Here are the questions we answer in today’s show:

• The stories of two women who lost their spouses + how they handled loss differently
• How being prepared, or lack thereof, affects widows and widowers
• Having a financial professional in your corner after loss
• Why it's crucial for both spouses to be involved in financial matters

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

Get more financial education at http://myretirementclarity.com

In today's episode of My Retirement Clarity with Lee Perkins, we dive into a story of transformation, perseverance, and ultimately, triumph. Lee shares the journey of a client who, at 43, believed retirement was an impossible dream. Saddled with debt, family pressures, and a lack of financial direction, she was overwhelmed by the thought of mandatory retirement at 56 without a clear path forward.

Lee recounts how, through meticulous planning and disciplined action, they tackled her challenges step by step. From budgeting and debt elimination to maximizing her 401(k) contributions, her story is a testament to the power of a solid financial strategy and the importance of trust in your financial advisor.

As we follow her path to a debt-free life, fully funded emergency and leisure savings, and a growing retirement account, you'll witness the emotional turning point where the possibility of a fulfilling retirement becomes a reality. Lee's client's story is not just about financial planning—it's about the emotional journey from doubt to confidence that occurs when true planning takes place.

Remember, with the right plan and commitment, a joyful retirement is within reach. Tune in to get inspired and learn how you can apply these life-changing strategies to your own situation.

Here are some of the questions we answer in today’s show:

• How to get out of debt and save for retirement.
• Why some people fall back into debt if they take shortcuts to address the problem.
• Illustrating the true impact of having a solid emergency fund.
• How discipline leads to excellent outcomes.

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

Get more financial education at http://myretirementclarity.com

Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and Generation X starting to think more about their retirement savings, these major life events come with a handful of financial planning questions. In today’s episode, we’ll focus on some of the common questions that these age groups are asking.

While there’s no universal solution to these questions, this episode will provide some important considerations to keep in mind. By seeking personalized guidance, you can better prepare for your unique situation and set yourself up for a successful retirement. Tune in to see what you can learn from Lee!

Here are some of the questions we answer in today’s show:

• Baby boomers: "How do I manage the risks of market volatility as I approach retirement?”
• Baby Boomers: “What are the best ways to maximize my Social Security benefits?”
• Generation X: “How much do I need saved to actually retire?”
• Generation X: “What should I do with my 401(k) from previous employers?”

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

Get more financial education at http://myretirementclarity.com

As much as any other threat, recognizing and avoiding scams has become an essential skill, particularly for retirees. Join us as we explore crucial steps you can take to safeguard your financial well-being against the growing tide of scams and identity theft. Learn from real-life stories and gain practical advice to keep your finances secure in this digital era, all from the perspective of a seasoned financial professional.

From government imposters to sweepstakes, robocalls, and romance scams, we’ll share valuable insights into the tactics used by scammers. We’ll share how to spot red flags and protect yourself against phishing emails, vishing phone calls, and smishing texts before it’s too late. And, in the event that you do fall victim to a scam, we’ll provide actionable steps to mitigate the damage.

As technology advances and scams evolve, this conversation is more important than ever. Don't miss out on this opportunity to arm yourself with knowledge and protect your financial future!

Here are the questions we answer in today’s show:

• How common these scam threats are + phishing, vishing, and smishing techniques
• The various types of scams out there + some of Lee’s clients who have been targeted by fraudulent schemes
• Some ways to spot some of these scams and protect your personal information
• What should you do if you fall victim to a scam?

Links for this episode:

https://www.cnbc.com/2023/10/08/how-one-retired-woman-lost-her-life-savings-in-a-common-elder-fraud-scheme.html

https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/senior-citizens-financial-scams/

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

Get more financial education at http://myretirementclarity.com

We’ve got a mailbag edition of the show today! We’ve gathered some great questions over the last several weeks that we’re excited to share with you. From the tax implications of financial gifts to navigating retirement spending and overcoming indecision, Lee is here to shed light on a range of real-world topics.

Dorothy asks for advice on how to financially support her daughter, who wants to take time off work to be with her newborn baby in the hospital, and what the tax implications might look like. Rose asks how to break the cycle of indecision and make confident financial decisions.

We love hearing from you, our listeners! No question is too basic, so if there’s something on your mind that you’d like Lee to answer, be sure to send it our way for your chance to be featured on the show.

Here are the questions we answer in today’s show:

• “I’m a police officer and have been given medical retirement at 53, but I feel like I need to still be earning money at my age. Any thoughts on how to approach this?”
• “My daughter wants to take time off work to be with her new baby who is in the hospital. We want to help financially but are unsure about the tax implications and how this might impact our retirement.”
• “Every time I need to make a financial decision, I end up talking myself in circles. How do I stop this?”
• “I’m 79 and don’t worry about us running out of money anymore. We don’t have kids and I have regrets about not traveling much in the last decade. Should I start spending to make up for previous years of pinching pennies?”
• “At 60, I've been offered two work options: stay on for 5-6 years for a pension or retire now with a severance package and pension buyout. How should I decide?”
• “I'm retiring soon with 18 weeks of vacation and sick leave payout. If I retire in December, it'll be taxed this year. Should I wait until January for a different tax year?”

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

Get more financial education at http://myretirementclarity.com

This episode might be a bit counterintuitive. We’re going to question the real impact of common financial habits. Are the strategies you consider beneficial actually working in your favor? We explore the pros and cons of practices like ignoring account statements and strict budgeting.

Join us for a practical discussion, as we uncover the unexpected effects of everyday money decisions. Are your good money habits holding you back?

Here’s some of what we discuss in this episode:

• Ignoring account statements keeps you from overreacting but what are you missing by doing that too much?
• Staying on a strict budget will help you achieve financial goals but it can become overly restrictive.
• Investing in what you know is a good strategy, but it might lead a lack of diversification.
• Automation makes investing and saving simple but it could lead to disengagement.
• Is there a downside to paying off all your debt?

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

Get more financial education at http://myretirementclarity.com

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning.

In this episode, we’re diving into the changing landscape of retirement planning. From the complexity of investment options to the future of Social Security, we’ll discuss the obstacles faced by today’s retirees. Tune in as we explore why retirement planning is now more challenging than ever before and offer insights to help you navigate your retirement journey with confidence.

Here’s some of what we discuss in this episode:

• The shift away from long-term company loyalty and the decline in company pensions
• The unpredictability of the housing market + high costs and interest rates
• The increased complexity and risks in today's investment landscape
• The growing challenges of the “sandwich generation”
• The strain on Social Security due to fewer contributors and an aging population drawing benefits

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, Lee reflects on the journey of JL Perkins Wealth Management over the past decade. From its humble beginnings with just Lee and his sister Francesca, the firm has evolved through unexpected transitions, including office expansions and team changes. As JL Perkins Wealth Management celebrates its 10th anniversary, Lee shares insights into the strategic decisions that have shaped the firm’s growth, and how he’s working to adapt to the needs of its growing clientele.

Throughout the conversation, Lee emphasizes the importance of planning for the next phase of life, whether it's retirement or another significant transition. He also introduces his new book, Next Phase: How to Retire in a Year or Less Without Regrets, designed to help individuals navigate the complexities of retirement planning with confidence. Tune in for a great conversation!

Here’s some of what we discuss in this episode:

• The strategic growth of JL Perkins Wealth Management over the past decade
• Expanding the firm’s team to ensure continuity for clients and provide more resources
• Lee’s new book Next Phase: How To Retire In A Year Or Less Without Regrets

For your complementary copy of Lee’s new book, Next Phase, text “Next Phase” to 478 – 254-3550

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

Get more financial education at http://myretirementclarity.com