Reinvention can be exciting, but is it risky when retirement is on the horizon? In this episode, Lee answers a question from a listener who wants to shift from corporate life to a new career in real estate at age 53, using IRA withdrawals to stay afloat during the transition. He also breaks down why early withdrawals can be financially dangerous and how commission-based careers may not offer the stability needed in this phase of life.

Beyond the technical advice, Lee explores the emotional side of starting over, how to balance passion with practicality, and what questions to ask before making a leap. He shares a practical framework for pursuing your passion without jeopardizing your long-term goals: get clarity, know your value, and make sure someone is willing to pay for the problems you solve.

Here’s what we discuss in today’s show:

🚫 The penalty trap of early IRA withdrawals

🏦 Why 401(k) rules after age 55 offer more flexibility

📉 The income risks of commission-based careers

🧠 How to turn passion into a paid skillset

💼 Why a salaried job may offer better financial stability

Want to set up a meeting with us? Visit us here: http://talkwithjp.com

Get more financial education at http://myretirementclarity.com

Many people approach retirement age asking the question, “Have I done enough?” It’s a common worry, but are they really focusing on the right things? Based on a survey of nearly 400 experienced advisors, Lee explores the gap between what clients fear and what he believes truly deserves their focus when planning for retirement. He unpacks why concerns like outliving your money and market crashes dominate our minds and the two key factors he believes matter more.

Retirement is often seen as a time of relaxation and enjoyment, but it can also be fraught with anxiety and uncertainty. Understanding the common worries can help individuals better prepare for this important phase of life, even in the wake of rising costs and increasing life expectancies. Tune in for tips on how to feel more confident about your financial future!

Here’s what we discuss in today’s show:

📉 Outliving your money is a top fear but solvable with the right plan

📬 Reliable income = confidence in retirement

🧾 Healthcare is a concern, but not the only thing worth planning for

👫 The financial impact of losing a spouse is often underestimated

💸 Don't just save money- learn how to spend it purposefully

Want to set up a meeting with us? Visit us here: http://talkwithjp.com

Get more financial education at http://myretirementclarity.com

March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted.

Many investors can’t resist chasing big wins, even though diversification is a smarter play. One economist, Hendrik Bessembinder, analyzed the returns of nearly a century of stock performance. Let’s compare what he found to March Madness history and uncover what March Madness can teach us about investing!

Here’s what we discuss in today’s show:

🏆 Many people guess winners, the majority lose money

📉The odds of sustainable success are slim

❌ The most familiar choice doesn’t mean victory

📚 Lee’s financial lessons and takeaways

Want to set up a meeting with us? Visit us here: http://talkwithjp.com

Get more financial education at http://myretirementclarity.com