Episode #8: Real Advising Is Problem-Solving

Advising involves investing, but it's so much more than that. Sean and guest host Chris Cordova explain why real financial advising is problem-solving.

The View From The Pinnacle

Advising involves investing, but it’s so much more than that. Sean Lee and guest host Chris Cordova explain why real financial advising is problem-solving.

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

[00:20] – Chris Cordova is one of the advisors at Elevated Retirement Group. He joins the podcast as a guest host and talks about his experience in the industry.

[00:59] – Chris explains the RICP advising designation. He examines why it’s helpful to our clients at Elevated Retirement Group.

[5:00] – Financial planning transcends picking investments. It quickly becomes an adventure into the realm of problem-solving. Depending on a client’s unique needs, there’s always a solution to be found, but there’s so much to consider aside from the dollars and cents.

6:24 – A forced early retirement is a great example of the importance of problem-solving. In this scenario, a client has usually been blindsided by the prospect of an imminent retirement. While they might have begun the planning process, they might not have counted on retirement coming so quickly, and suddenly, their needs have changed.

9:00 – Tax planning is essential, and you need to get creative. Learn the rules involved with IRA withdrawals and how your withdrawals will affect your tax burden.

12:39 – Sometimes, our clients hate their jobs. In this case, we want to figure out how to help them retire or find another job as soon as possible. To do this, we need to determine how much income they’ll need in retirement. We also need to assess what their goals are for retirement.

18:33 – So many advisors keep their clients in the dark. It’s one thing for your advisor to give your retirement plan a blanket stamp of approval. It’s quite another for them to build you a comprehensive retirement plan and involve you in the process along the way. Your advisor should describe your plan to you in a way that’s easy to understand, and your plan should be unique to your situation.

Looking Back From The Mountaintop

Retirement is so much more than dollars and cents. Your advisor should help you to problem-solve your unique needs and find solutions to help you accomplish your financial goals. - Retirement Elevated

Tweet This

Resources From Today’s Podcast

Check Out Our Media Center

Learn More About Sean

Your Guide:

Sean P. Lee – Contact

MORE EPISODES

Dissecting Dave Ramsey’s Advice

Dave Ramsey is known for doling out financial advice, but a lot of it is broad and general. Some of it is sound advice and some of it might be more for the benefit of building up likes and views on social media. Today, we talk through what’s what and see what Sean thinks as a financial advisor. Make sure your financial strategy is customized to your unique needs and goals.

LISTEN NOW »

September 14, 2023

Financial Advising Relationships: Local vs. Remote

The pandemic brought some long-lasting changes, including remote meetings. In fact, Sean says about half of their financial advising meetings are still virtual. How does this benefit the client?

LISTEN NOW »

August 31, 2023

Rounding Third: Sean’s New Book

While Sean didn’t set out to write a baseball book, his love of both baseball and financial planning just came together here and his two worlds collided.

LISTEN NOW »

July 27, 2023

MEET YOUR HOST...

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?

GET IN TOUCH

MORE WAYS TO CONTACT

(801) 639-0095

slee@erg-slc.com

Investment Advisory Services offered through Elevated Capital Advisors, LLC, an SEC Registered Investment Advisor. Insurance products and services are offered through Elevated Financial Services, LLC.

*Guarantees provided by insurance products are backed by the claims-paying ability of the issuing carrier.

The retirement kit is provided for informational purposes only. It is not intended to provide tax or legal advice. By requesting this report, you may be provided with information regarding the purchase of insurance and investment products in the future.