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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Easy Wins in Personal Finance (Part 2)

Before we reach the end of the year, what financial goals can you easily cross off your list? As a continuation of this two-part series, we discuss five more easy wins you can make when it comes to your financial life. If you didn’t hear part one, go back and listen to hear what other simple financial steps you can take.


Easy Wins in Personal Finance

From having the right amount of money in the bank to consolidating your accounts, there are simple ways you can improve your finances. On this two-part series, we discuss some of the easy wins you can make when it comes to your financial life. These things can add up to make a big difference.


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.



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.