Unexpected Retirement Expenses

Are you prepared for these possible unexpected expenses in retirement? Find out what you need to include in your plan to be prepared.

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The View From The Pinnacle

Are you prepared for these possible unexpected expenses in retirement? Find out what you need to include in your plan to be prepared.

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

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

What kind of expenses are commonly overlooked in retirement? On today’s episode of the podcast, we’ll talk through typical expenses in retirement that you may face. Believe it or not, many of these can get forgotten about, so be sure to include them in your retirement planning instead of simply guessing what your expenses might be.

Let’s start with medical expenses. If you retire early, you’ll be responsible for your healthcare and buying medical insurance. Once you turn 65, Medicare starts. But you’ll still have out-of-pocket expenses. Eyecare and dental work is not covered under Medicare, so you’ll want to be sure to factor those costs in.

A lot of people like to use their retirement to travel. Especially after COVID, a lot of us are itching to travel. Not only will you want to see and do things you’ve never had the chance to before, but you may also want to spend more time with family. Maintaining a level of liquidity with your money can allow you the flexibility to take these trips. Frequent visits to see family can be fun or necessary, like in an emergency. Depending on your family needs, you may be helping care for your parents or children while in retirement. You’ll likely want to be able to have the money to help out however you can.

Finally, taxes are to be expected. What we don’t know is just how much they will be. You want a plan for taxes in the future. We don’t know when they will go up, but it’s likely to happen. Are you working with an advisor to adjust accordingly?

Listen to the entire episode or use the timestamps below to skip to a particular tax strategy.

1:05 – What retirement expenses get overlooked?

1:34 – What medical expenses are typical?

4:01 – Travel is typical in retirement. But what’s unexpected? 

7:54 – Family care can be costly.

9:36 – Taxes should be planned for.

Looking Back From The Mountaintop

Maintain some level of liquidity so you can do some of those things that are spur of the moment and you can cover costs.

-Sean Lee


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Facing Financial Villains

Movie villains are usually pretty easy to identify with their ominous music, masks, and often dark clothing. In the financial world, some of the villains can be a bit harder to spot. We talk about some of the most infamous movie villains and share what they have in common with some of the dark and scary things financially speaking. From the Wicked Witch of the West and her flying monkeys to the hardships that inflation can cause, which of these villains are you ready to face head-on?


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.



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


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.

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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.