Ep 88: Doing Research Before Financial Decisions

Do you ever feel bogged down by all the research before making a big decision? When is research helpful and when is it too much?

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Things You’ll Learn Along Today’s Journey

Feeling informed about the decisions we make is crucial to our success. Doing research can help as we make financial decisions, but there are times when too much research can confuse us instead of help. On today’s show, Sean talks about what kind of research to consider beforehand and how to take the next steps.

Where do you go for insight and resources on financial decisions? You may be tempted to look to major media sources, but realize they have their own philosophies and often, aren’t working in the trenches anymore. Everybody’s situation is unique, so meeting with an advisor can help you make the right decisions for you. The decisions you make should be made based on facts and logic rather than myths and emotions.

You want to use the right tools for your plan. You may see different pros and cons about something on the internet, but be careful to not get carried away with the tool. Doing too much research can mean you talk yourself into or out of something. Focus on what you really need and how it helps you and your financial plan.

Doing research ahead of time can have benefits when it comes to making financial decisions. In fact, Retirement Elevated first started after a conversation with Sean’s mom who had done so much research on her own and Sean wanted to get the facts out there. The research can be overwhelming sometimes, but finding the right place to start like a class or a trusted resource can help you feel more confident and knowledgeable. 

Follow the process. Find an advisor who has a process, and get a clearly defined written plan to follow the process.

Listen to the entire episode or skip ahead using the timestamps below.

[1:16] – Many do more research for a vacation than retirement.

[2:17] – What kind of resources does Sean like?

[4:34] – Does Sean ever hear, “I read on the internet that…”?

[7:45] – Are you overanalyzing the research?

[9:26] What’s good about doing research?


Looking Back From The Mountaintop

“The decisions you make should be made based on facts and logic rather than myths and emotions.”


Important Ages in Retirement

What are the milestone moments you face in retirement as you age? Today, we talk about some of the ages to keep in mind and why they are important as you reach each one. Whether you are a few years off or if you are right in the middle of these, thinking through what you should be doing with the money can make a huge impact in your financial life.


Portfolio Expectations

What are your portfolio expectations? Are they too high? Today we talk through an article that shares investor expectations on their portfolio and why, in many cases, they are higher than they should be.


Financial Fill in the Blank

Let’s play a game of fill-in-the-blank with Sean to see how he would finish off these financial statements. What will the market do to you? What’s the best way to set yourself up for success in retirement? What’s the biggest financial mistake retirees make?



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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