Macon Money Podcast

Losing a spouse is an incredibly difficult event that can leave one feeling lost and overwhelmed emotionally and financially. In today’s episode, Lee is going to take us behind the scenes and share the stories of two clients who faced the sudden loss of their husbands. He’ll offer insight into how each of them coped differently with their loss, and how the J.L. Perkins team helped them navigate this difficult transition. Listen in as Lee shares why it is so critical to have a plan in place and a financial advisor in your corner in the wake of tragic circumstances. He also stresses the importance of couples being actively engaged in their finances with a clear understanding of their financial situation. While this is not a scenario anyone wants to face or think about, sharing these stories can help you prepare should you or someone you know ever find themselves in a similar situation.   Here are the questions we answer in today’s show: The stories of two women who lost their spouses + how they handled loss dif

In today's episode of My Retirement Clarity with Lee Perkins, we dive into a story of transformation, perseverance, and ultimately, triumph. Lee shares the journey of a client who, at 43, believed retirement was an impossible dream. Saddled with debt, family pressures, and a lack of financial direction, she was overwhelmed by the thought of mandatory retirement at 56 without a clear path forward. Lee recounts how, through meticulous planning and disciplined action, they tackled her challenges step by step. From budgeting and debt elimination to maximizing her 401(k) contributions, her story is a testament to the power of a solid financial strategy and the importance of trust in your financial advisor. As we follow her path to a debt-free life, fully funded emergency and leisure savings, and a growing retirement account, you'll witness the emotional turning point where the possibility of a fulfilling retirement becomes a reality. Lee's client's story is not just about financial planning—it's about the emotiona

Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and Generation X starting to think more about their retirement savings, these major life events come with a handful of financial planning questions. In today’s episode, we’ll focus on some of the common questions that these age groups are asking. While there’s no universal solution to these questions, this episode will provide some important considerations to keep in mind. By seeking personalized guidance, you can better prepare for your unique situation and set yourself up for a successful retirement. Tune in to see what you can learn from Lee!   Here are some of the questions we answer in today’s show: Baby boomers: "How do I manage the risks of market volatility as I approach retirement?” Baby Boomers: “What are the best ways to maximize my Social Security benefits?” Generation X: “How much do I need saved to actually retire?” Generation X: “What s

As much as any other threat, recognizing and avoiding scams has become an essential skill, particularly for retirees. Join us as we explore crucial steps you can take to safeguard your financial well-being against the growing tide of scams and identity theft. Learn from real-life stories and gain practical advice to keep your finances secure in this digital era, all from the perspective of a seasoned financial professional. From government imposters to sweepstakes, robocalls, and romance scams, we’ll share valuable insights into the tactics used by scammers. We’ll share how to spot red flags and protect yourself against phishing emails, vishing phone calls, and smishing texts before it’s too late. And, in the event that you do fall victim to a scam, we’ll provide actionable steps to mitigate the damage. As technology advances and scams evolve, this conversation is more important than ever. Don't miss out on this opportunity to arm yourself with knowledge and protect your financial future!   Here are the quest

We’ve got a mailbag edition of the show today! We’ve gathered some great questions over the last several weeks that we’re excited to share with you. From the tax implications of financial gifts to navigating retirement spending and overcoming indecision, Lee is here to shed light on a range of real-world topics. Dorothy asks for advice on how to financially support her daughter, who wants to take time off work to be with her newborn baby in the hospital, and what the tax implications might look like. Rose asks how to break the cycle of indecision and make confident financial decisions. We love hearing from you, our listeners! No question is too basic, so if there’s something on your mind that you’d like Lee to answer, be sure to send it our way for your chance to be featured on the show.   Here are the questions we answer in today’s show: “I’m a police officer and have been given medical retirement at 53, but I feel like I need to still be earning money at my age. Any thoughts on how to approach this?” “My da

This episode might be a bit counterintuitive. We’re going to question the real impact of common financial habits. Are the strategies you consider beneficial actually working in your favor? We explore the pros and cons of practices like ignoring account statements and strict budgeting. Join us for a practical discussion, as we uncover the unexpected effects of everyday money decisions. Are your good money habits holding you back?   Here’s some of what we discuss in this episode: Ignoring account statements keeps you from overreacting but what are you missing by doing that too much? Staying on a strict budget will help you achieve financial goals but it can become overly restrictive. Investing in what you know is a good strategy, but it might lead a lack of diversification. Automation makes investing and saving simple but it could lead to disengagement. Is there a downside to paying off all your debt?   Want to set up a meeting with us? Visit us here: http://talkwithjp.com   Get more financial education at htt

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning. In this episode, we’re diving into the changing landscape of retirement planning. From the complexity of investment options to the future of Social Security, we’ll discuss the obstacles faced by today’s retirees. Tune in as we explore why retirement planning is now more challenging than ever before and offer insights to help you navigate your retirement journey with confidence.   Here’s some of what we discuss in this episode: The shift away from long-term company loyalty and the decline in company pensions The unpredictability of the housing market + high costs and interest rates The increased complexity and risks in today's investment landscape The growing challenges of the “sandwich generation” The strain on Social Security due to fewer

In this episode, Lee reflects on the journey of JL Perkins Wealth Management over the past decade. From its humble beginnings with just Lee and his sister Francesca, the firm has evolved through unexpected transitions, including office expansions and team changes. As JL Perkins Wealth Management celebrates its 10th anniversary, Lee shares insights into the strategic decisions that have shaped the firm’s growth, and how he’s working to adapt to the needs of its growing clientele. Throughout the conversation, Lee emphasizes the importance of planning for the next phase of life, whether it's retirement or another significant transition. He also introduces his new book, Next Phase: How to Retire in a Year or Less Without Regrets, designed to help individuals navigate the complexities of retirement planning with confidence. Tune in for a great conversation!   Here’s some of what we discuss in this episode: The strategic growth of JL Perkins Wealth Management over the past decade Expanding the firm’s team to ensure

Have you ever wondered what questions to ask your financial advisor, or why those questions are crucial? In today’s episode, we’re tackling exactly that. We're discussing the vital questions that bring transparency and depth to your financial advisory relationship.   Here’s some of what we discuss in this episode: The different types of fee structures that advisors will typically have Why your advisor’s investment philosophy is an important thing to know up front Why you want to know what specialty an advisor has Communication is key so you want to know what to expect in terms of frequency Will you be working with a team or a specific advisor?   Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

2023 is coming to an end, and, if we had to guess, there are probably some financial tasks you wish you’d taken care of this year. Not to worry, because in this week’s episode, Lee is going to share six planning tips that you can address during the first quarter of 2024. Let’s kick off the new year the right way!   Here’s some of what we discuss in this episode: Keeping the right amount of money in cash Cleaning up old life insurance policies Consolidating old 401ks when you change jobs Reconsidering your managed account that has limited management Updating beneficiary designations as life changes Automating your savings   Want to set up a meeting with us? Visit us here: http://talkwithjp.com Get more financial education at http://myretirementclarity.com

Have you ever stopped to ask yourself about the purpose of the money you’ve worked to save throughout your life? In financial planning, it can be easy to fall into the trap of simply viewing your wealth as a numerical scorecard, measured by monthly statements and investment returns. But as we often remind our clients, retirement planning is not just about the numbers on a page; it's about the life experiences and memories those numbers can create.   Here’s some of what we discuss in this episode: Reevaluating your relationship with money and time, inspired by a book called "Die with Zero" by Bill Perkins What is the purpose of the money you’ve saved? Spending your money with purpose and making the most of your “go go” years in retirement What is the “perfect day” exercise and how can it enhance your retirement planning journey?   Want to set up a meeting with us? Visit us here: http://talkwithjlp.com/ Get more financial education at http://myretirementclarity.com  

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement.    Here are some of the items we discuss in today's show: Pulling money out of your IRA early could mean penalties and taxes you weren’t prepared for. The importance of increasing your savings when your income increases. It’s easy to fall victim to lifestyle creep. How to avoid the regret of paying too much for tuition. Retiring early is a goal for many people but leaving the work force too early can be costly. Why many people wish they would have looked into Roth IRAs sooner.   Want to set up a meeting with us? Visit us here: http://talkwithjlp.com/ Get more financial education at http://myretirementclarity.com

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement.    Here are the questions we are going to dive into in this episode: How much are my tax-deferred savings going to cost me in taxes? How much can I withdraw from my savings each year? Should I still have life insurance when I’m retired? How much am I really paying in fees and commissions?   Check out Episode 96 here   Want to set up a meeting with us? Visit us here: http://talkwithjp.com   Get more financial education at http://myretirementclarity.com    

Welcome back to My Retirement Clarity! This week, we’re diving into the listener mailbag to answer your questions. We’re covering a variety of topics today, many of which get asked in the office quite often. From investing in your grandkid’s college fund to how much to spend on a forever home, this episode is sure to have a takeaway for everyone.   Here are a few of the questions we answer in this episode: I’d like to start investing for my grandchildren. Should I set up a 529 plan for them or invest on my own and give them the money when they go to school? How much is too much to spend on our forever home in retirement? My husband died 15 years ago and I’m thinking about moving in with my boyfriend, but it makes me nervous to think about selling my house and combining finances. How do you advise people in a situation like this? I’ve talked with a few different advisors about how they get paid, and it sounds like they all have completely different models. Are there this many different fee structures or does

Are we on the brink of a retirement renaissance or stormy seas ahead? On this episode, we jump into the pressing issues of Social Security, healthcare, taxes, stock market trends, and long-term care. Whether you're an eternal optimist or cautious pessimist, this episode will equip you with perspectives to plan your retirement years with confidence as we ask the longstanding question, “Is the glass half full or half empty?”   Here’s some of what we discuss in this episode: Politicians are unlikely to make drastic changes to Social Security due to voter concerns, however, there could be potential benefit cuts for younger generations Lee expects healthcare costs to continue rising, despite technological advancements It’s almost certain the tax rates will increase in the future. Lee encourages proactive tax planning to mitigate future tax burdens, especially given the current trend of rising taxes Long-term care is expensive, and long-term care insurance options have become limited Despite short-term market fluct

Are you nearing “retirement age”? If so, let’s explore that pivotal question you’ll soon face: Should you retire or continue working? We’ll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you’re truly ready to retire.   Here are some key takeaways from this episode: Usually people have enough money saved to retire but need to run the numbers to discover that. Couples need to talk about the adjustment to retirement and how they’ll handle that extra time. People will get hung up on ‘retirement age’ but you might be able to retire earlier. The importance of financial education when it comes to feeling confident in retirement. How we have the conversation with someone who is ready to retire but aren’t in a position to financially. Want to set up a meeting with us? Visit us here: http://talkwithlee.com Get more financial education at http://myretirementclarity.com

Welcome back to the My Retirement Clarity podcast! Today, Lee and Ben dive into a Yahoo Finance that claims someone lost over $400,000 of their retirement savings in a Roth IRA. Is the Roth IRA really to blame, or is there more to the story?   Here’s an overview of what we discuss in this episode: Tax planning and tax diversification are essential aspects of retirement planning. Understanding the potential impact of rising taxes in the future is crucial for making informed decisions. Roth IRAs can be a valuable retirement tool, especially for those in lower tax brackets or those willing to engage in strategic Roth conversions. Lee cautions against taking financial advice solely from sensationalized headlines or anonymous online comments. Instead, seek guidance from qualified financial professionals.   Yahoo Finance Article: https://finance.yahoo.com/news/lost-400k-retirement-savings-roth-174006044.html   Want to set up a meeting with us? Visit us here: http://talkwithlee.com Get more financial education at h

This week, we’re switching things up to talk about a very important topic: health and wellness! Join us as we sit down with the inspiring health and wellness expert, Lizzie Gossett, who has played a vital role in helping Lee lose an incredible 34 pounds in 3 months. We’re excited to have her on the podcast today to share her insights on prioritizing and maintaining your health.   Here are some key takeaways from this episode: The importance of shifting from short-term diets to a long-term lifestyle change. Developing a strong "why" and viewing health as a continuous journey fosters lasting success. Small, sustainable changes in eating habits led to significant results. Finding an exercise routine that suits your preferences and incorporating accountability measures can help develop consistency. The importance of ongoing support and adapting to different life stages. Maintaining health requires flexibility and dedication, whether through coaching, accountability, or adjusting habits during special occasions.

Ever been on the receiving end of ‘the look’ from your spouse? In this episode, Lee recounts the dreaded look he got from his wife a few weeks ago after a meticulously planned family trip to the Bahamas was almost derailed due to a passport oversight- discovered a mere 21 hours before departure. In this episode, Lee shares his crazy adventure of acquiring passports for his two kids in just 7 hours.   Here are some key takeaways from this episode: Lee talks about his horrifying realization that his family had some expired passports, less than 24 hours before his family was supposed to depart for the Bahamas Don't rely solely on travel agencies or other parties to ensure your documents are valid. Take personal responsibility for checking and maintaining your travel-related documents When faced with unexpected challenges, don't hesitate to seek help and utilize available resources. In this case, Lee’s connection to a state representative's office played a pivotal role in securing an expedited passport appointmen

We’re back with a bonus episode on resolving financial tension between couples! After popular demand, we’re exploring five more common areas of financial tension: retirement housing, emergency funds, handling inheritances, insurance, and spending habits. Stay tuned to learn how advisors like Lee work to resolve conflicts in these areas as they arise.      Here’s what we’ll discuss in this episode: Couples may face tension when deciding where they want to live in retirement. Financial considerations, such as the cost of moving and downsizing, can influence this decision. Couples may have different risk tolerances and views on how much to keep in an emergency fund. Inheritances can cause tension if there are disagreements about how to use the money. Some may want to pay off debt, while others may want to enhance retirement savings or lifestyle. Couples may have differing views on insurance needs, such as life insurance and long-term care insurance. Finding a balance between adequate coverage and cost can be