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Episode 85 - Spending Habits that Stretch Your Wealth in Retirement

Release Date: 09/16/2025

Episode 86 - Common Missteps for Estate Planning

Building Wealthy Habits

In this episode, Laura Lee, Jeremiah Lee and Randy Barkley, break down some of the intricacies of estate planning, highlighting common missteps and offering practical advice to avoid them. They discuss the importance of having a trust over a will, the pitfalls of adding children to property titles, and the complexities of managing illiquid assets. The conversation also touches on the significance of coordinating estate plans with other assets and understanding community property laws. Takeaways Avoid common estate planning missteps to prevent future inconvenience. A trust is more effective...

Episode 85 - Spending Habits that Stretch Your Wealth in Retirement

Building Wealthy Habits

Randy, Jeremiah & Laura are coming at you this week to discuss strategies for retiring without running out of money. They explore the importance of aligning financial planning with personal values, addressing common fears about retirement, and the significance of legacy and philanthropy. The conversation emphasizes the need for a well-structured plan that accommodates both essential needs and discretionary spending, allowing retirees to enjoy their freedom and make impactful contributions. In this episode: 00:00:01 Introduction to Retirement Planning 00:00:31 Aligning Money...

Episode 84 - Creating Reliable, Tax Efficient Retirement Income

Building Wealthy Habits

This week we are talking about the complexities of retirement planning for high net worth individuals. Do NOT miss this episode, as we are covering creating diverse income streams, achieving tax efficiency, and planning for a meaningful legacy. This episode offers insights into personalizing retirement plans to align with your lifestyle goals and values. Key Takeaways: Understanding the importance of diversified income streams in retirement. Exploring tax-efficient strategies and the role of Roth conversions. The significance of legacy planning and charitable giving. Adapting...

Episode 83 - Tax Benefits from The Big Beautiful Bill

Building Wealthy Habits

You asked, and we listened! This week we are dissecting the tax implications of the Big Beautiful Bill. Discover how changes in SALT deductions, estate tax exemptions, and bonus depreciation can impact your financial planning. Whether you're a business owner or planning your estate, this episode offers valuable insights to help you navigate these changes. Key Topics: SALT deduction increase to $40,000 Estate tax exemption adjustments 100% bonus depreciation for business owners Charitable giving strategies and donor-advised funds For more insights and personalized advice, reach out...

Episode 82 - The First 5 Years of Retirement: Habits That Make or Break!

Building Wealthy Habits

Today we focus on one of the most critical aspects of retirement: the first five years of, emphasizing the importance of planning, financial stability, and understanding the complexities of retirement income. We discuss common pitfalls, such as impulsive purchases and the necessity of a solid cash flow plan. Randy, Laura and Jeremiah also highlight the significance of healthcare costs, tax efficiency, and investment strategies tailored for retirees. Takeaways The first five years of retirement are crucial for establishing habits. Creating a financial plan is essential for clarity and...

Episode 81 - Your Business Isn't a Retirement Plan - Here's What It Is

Building Wealthy Habits

In this episode, Laura Lee and Randy Barkley dive into the common pitfalls business owners face when they rely solely on their business as their retirement plan. They discuss the importance of diversification, planning for the future, and the complexities of selling a business. With insights from financial planning experts, this episode is a must-listen for entrepreneurs looking to secure their financial future. Key Takeaways: The risks of viewing your business as your sole retirement asset. The importance of diversification in your financial portfolio. Planning for the sale of...

Episode 80 - Navigating Real Estate Decisions in Retirement

Building Wealthy Habits

Join Jeremiah Lee, Laura Lee and Randy Barkley as they unleash on the complexities of real estate decisions for those approaching or in retirement. This episode explores the emotional and financial aspects of downsizing, the role of real estate in your investment portfolio, and the tax implications of selling your home. In This Episode: > The emotional connection to your home and its impact on decision-making. > Understanding real estate as an asset versus an expense. > Tax considerations when selling a primary residence in California. > The pros and cons of...

Episode 79 - Profit First, Not Last: Paying Yourself as a Business Owner

Building Wealthy Habits

In this episode, Jeremiah Lee, Laura Lee and Randy Barkley dive into the crucial topic of financial strategy for business owners. They explore the concept of "paying yourself first" and discuss the balance between reinvesting in your business and enjoying personal financial success. Learn from real-life stories and expert advice on how to avoid common pitfalls and make wise financial decisions. In This Episode: The importance of setting aside funds for taxes and retirement. Strategies for balancing personal and business expenses. Insights on building a financial safety net for...

Episode 78 - IRMAA, RMDs, and ROTHs - Oh my!

Building Wealthy Habits

Join Randy, Laura and Jeremiah as they navigate the complex world of retirement taxes. In this episode, they break down the intricacies of IRMAA (Income Related Monthly Adjustment Amount), RMDs (Required Minimum Distributions), and Roth conversions. Discover how these financial elements impact retirees and learn strategies to manage your tax liabilities effectively. In This Episode: Understanding IRMAA and its impact on Medicare premiums. The importance of planning for RMDs and how they affect your tax bracket. Exploring Roth conversions as a strategic tax planning tool. Insights into...

Episode 77 - The Big Beautiful Bill

Building Wealthy Habits

This week we are discussing the key highlights of the Big Beautiful Bill, focusing on significant tax changes, implications for estate planning, and the impact on various financial aspects such as deductions and credits. This episode emphasizes the importance of understanding these changes for effective financial planning and the potential benefits for individuals and businesses. Key Takeaways: The Big Beautiful Bill is extensive and complex, covering many financial aspects. Key tax cuts from the previous bill have been made permanent. The estate tax exemption has been extended, benefiting...

More Episodes

In this episode:

00:00:01 Introduction to Retirement Planning

00:00:31 Aligning Money with Life's Purpose

00:01:11 Addressing Common Retirement Fears

00:02:16 Strategies for Sustainable Wealth

00:04:23 Legacy and Philanthropy

00:08:16 Balancing Needs and Discretionary Spending

00:13:26 Navigating Taxes and Withdrawal Strategies

00:17:27 Creating a Freedom Bucket

#retirementplanning #financialfreedom #legacy #philanthropy #discretionaryspending

Reach out at [email protected]

Connect with Jeremiah:

LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: [email protected]

Connect with Laura:

LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: [email protected]

Connect with Randy:

LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: [email protected]

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