Why Your Retirement Is More Than Just Investments

Planning for retirement goes beyond your investments. Your advisor should be helping you navigate these crucial areas of your financial life.

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The View From The Pinnacle

Planning for retirement goes beyond your investments. Your advisor should be helping you navigate these crucial areas of your financial life.

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

[1:35] – Social Security doesn’t count as one of your investments, but it plays a key role in your retirement. If you properly maximize your Social Security, it can serve as a compliment to your other income streams in retirement. Your advisor should work with you to optimize your benefit for your situation.

[3:40] – Leverage Uncle Sam’s money. If you can do that, you’ll be able to make your other assets last longer. Remember, you can’t pass on Social Security, but you can use your other investments to leave a legacy to your family.

[4:00] – Pensions aren’t offered as much as they were in the past, but they’re still a valuable source of income for some retirees. Combined with your other investments and Social Security benefit, pensions can help you to optimize your income in retirement.

[5:15] – The important decision often surrounding pensions is whether to take a lump sum buyout or monthly payout. Before you can decide, you need to work with your advisor to run the math. There are many circumstances you’ll need to factor into the equation.

6:45 – Rental properties also serve as nice compliments to your investments and other sources of income. We work with some retirees for whom rental income is a large portion of their retirement. If you’re thinking of owning rental properties, consider how much cash flow they’ll generate and whether you want the headache of property management.

8:10 – Your lifestyle has nothing to do with the stock market, but it’s imperative you plan your retirement around your lifestyle. Consider what kind of lifestyle you’ll want in retirement and how much income you’ll need to fund that lifestyle.

Looking Back From The Mountaintop

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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.

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(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.

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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.