5 Easy Ways to Ruin Your Retirement

Using baseball analogies, Sean Lee *walks* you through some of the most common retirement pitfalls and how you can avoid them as you round the bases of life.

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The View From The Pinnacle

Using baseball analogies, Sean Lee *walks* you through some of the most common retirement pitfalls and how you can avoid them as you round the bases of life.

Click the timestamps below to fast forward to certain points of the episode.


Thing’s You’ll Learn Along Today’s Journey

Retirement planning is a lot like playing baseball. How you perform in the first innings, and how you invest in your early years, can be much different than how you play the end of the game and how you invest as you enter retirement.

“Mistakes in the latter innings can cause … we’ll call it irreparable harm. It’ll cause us to lose the game,” Sean said on our latest podcast.

There are five easy ways to ruin your retirement and we’ll run through each of these on the show:

1. Treating retirement like a destination rather than a new phase of your life

“The way that I’m managing the game in the 7th, 8th and 9th inning is much different than the way that I’m managing the game in the 1st, 2nd and 3rd inning,” Sean said.

2. Thinking retirement will solve all your problems

What are you going to do with all the free time you’ll have in retirement? Do you have a plan of action for your time and your money? The coronavirus has given some people a test run of staying home more and seeing what retirement might be like.

3. Making wrong assumptions about your spending habits

Most people think they’ll need 70% to 90% of their income in retirement, but Sean questions where those numbers came from. He suggests creating a retirement budget after comparing how much you think you spend each month with how much you actually spend.

“There’s some fluff in there,” Sean said. “What expenses are going to fall out?”

4. Not being physically active

Make a plan to be physically active in retirement. It’s important to focus on health and find ways to get moving.

“I tend to get grumpy if I’m not moving my body,” Sean said. “It’s easy when life changes to not have a routine.”

5. Still investing like you’re 25 years old

When you invest like you’re 25 years old and make a mistake with your investments, that hurts much more when you’re 65, Sean says. Investment strategies should change as you age.

To learn more about retirement mistakes and how you can avoid them, listen to the entire episode or click on the timestamps below to skip ahead.

1:12 – Retirement planning is more mental than dollars and cents

2:27 – Treating retirement like a destination rather than a new phase of your life

3:30 – Managing retirement changes as you age

5:23 – Retirement won’t solve all your problems

9:37 – Making assumptions about your monthly spending habits

11:29 – Being active can be just as important in retirement

14:36 – Are you still investing like you’re 25?


Looking Back From The Mountaintop

“Most people think they’ll need 70% to 90%, whatever that number is, in retirement. And the way I look at that is, ‘OK, where did that come from?’”

-Sean Lee


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For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

Questions for Sean?



(801) 639-0095


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