Retirement Unlimited

Retirement Unlimited

By Randy BarkleyBusiness
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Retirement Unlimited episodes

  • Episode 77 - The Big Beautiful Bill
    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 many families.
    Changes to tax brackets will also be permanent, providing stability.
    New tax credits and deductions are introduced, including for child tax credits.
    The bill impacts overtime and tips, allowing some income to be tax-exempt.
    Businesses will see changes that could encourage growth and hiring.
    Understanding the bill requires consulting with financial professionals.
    Resources are available for deeper insights into the bill's implications.
    The conversation highlights the need for proactive financial planning.
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    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 76 - Planning for the Unexpected
    One of the most common questions we get is around how to plan for the unexpected, and today Laura and Jeremiah are tackling the complexities of navigating unexpected life events from a financial planning perspective.
    They explore how life pivots—whether it’s an unexpected inheritance, business sale, or personal loss—can reshape retirement plans and long-term goals. The conversation underscores the role of financial advisors as thought partners who help clients maintain financial hygiene, revise their strategies, and communicate openly about goals as life changes unfold.
    In this episode:
    You can’t plan for the unexpected, but you can prepare for it.
    Financial advisors should be thought partners, not just money managers.
    An unexpected inheritance can significantly shift a retirement plan.
    Life pivots often require a revision of life goals and financial strategies.
    Open, ongoing conversations about money are essential.
    Maintaining financial hygiene—like building an emergency fund—is key.
    Clear financial visibility empowers better decision-making during transitions.
    Supporting survivor spouses is crucial in times of loss.
    Creating a safe space for financial dialogue can strengthen relationships.
    ===
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 75 - Emotional Responses That Influence Investment Decisions
    In episode 75 of Building Wealthy Habits, hosts Laura, Randy and Jeremiah discuss the the complexities of investor sentiment and the emotional responses that influence investment decisions. They explore the importance of understanding market volatility, the risks associated with concentrated investments, and the necessity of diversification. The discussion also highlights the significance of liquidity for entrepreneurs, emotional responses to market fluctuations, and the need for long-term investment strategies. Ultimately, they emphasize the interplay between psychology and mathematics in successful investing.
    In This Episode:
    00:00 Understanding Investor Sentiment
    03:03 The Risks of Concentrated Investments
    05:59 The Importance of Diversification
    09:05 Liquidity and Access to Capital
    12:11 Emotional Responses to Market Fluctuations
    15:09 Long-Term Investment Strategies
    17:51 The Role of Psychology in Investing
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 74 - The Mindset Behind Money: Insights from 'The Psychology of Money'
    In this episode, we explore the deep connection between mindset and money through the lens of Morgan Housel's best-selling book The Psychology of Money. This conversation unpacks the emotional and psychological forces that drive financial behavior and long-term wealth building.
    We discuss why wealth isn’t always visible, how compounding works best with time and patience, and why understanding your personal definition of “enough” can be the key to lasting financial freedom. Whether you're an investor, financial professional, or someone seeking more intentionality with your money, this episode offers timeless principles and practical mindset shifts.
    💡 Key Takeaways:
    Understanding the psychology behind money is essential for smart investing
    True wealth is what you don’t see—it’s savings, not spending
    Compounding requires patience and a long-term view
    Clarity around what “enough” means is a shortcut to financial independence
    Your financial mindset is shaped by your background and experiences
    Scarcity thinking limits potential; an abundance mindset fuels growth
    Investing should align with your personal values and long-term purpose
    Contentment and ambition can (and should) coexist in your financial life
    📚 Resources Mentioned:
    The Psychology of Money by Morgan Housel
    ---------------
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 73 - 5 Signs to Know When You're Ready to Hire a Financial Advisor
    Join us as Laura and Jeremiah Lee discuss the critical moments when individuals should consider hiring a financial advisor. They explore the complexities of financial situations, the importance of having a financial team, and the need for holistic financial planning. The discussion emphasizes the value of having a trusted advisor to navigate major financial decisions and support clients through various life stages, ensuring that their financial plans align with their goals and needs.
    Key Takeaways:
    It's essential to recognize when your financial situation becomes complex.
    Hiring a financial advisor can provide clarity and support during significant life changes.
    A financial advisor acts as a partner in navigating financial decisions.
    Understanding the difference between various financial advisors is crucial.
    Holistic financial planning considers all aspects of a client's life.
    Diversification is key to managing financial risk effectively.
    Clients should feel supported and not alone in their financial journey.
    The relationship with a financial advisor should be ongoing and personal.
    It's important to prepare your spouse for financial management in case of unforeseen events.
    Financial advisors can help clients make informed decisions about their investments.
    ==========
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 72 - Financial Mindset: What Steps You Should Take Throughout The Decades
    In this week’s episode, we take a decade-by-decade journey through the financial decisions that shape your life. Whether you're just starting out or thinking about legacy, this conversation breaks down the mindsets and strategies that build wealth—and keep it. From building habits in your 20s to making an impact in your 70s, we’ll show you how to align your money with your life goals every step of the way.
    What You'll Learn:
    Why your 20s are less about getting rich and more about building the right money habits
    How to avoid lifestyle creep and stay focused in your 30s
    The make-or-break financial moves of your 40s
    How to protect your retirement while helping your kids through college
    What to prioritize in your 50s to set up a strong retirement
    How to shift from growth to giving in your 60s and 70s
    ---
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 71 - Strategies for Entrepreneurs to Build & Preserve Wealth
    In episode 71 of Building Wealthy habits, Randy, Laura and Jeremiah discuss essential strategies for entrepreneurs to build and preserve wealth while navigating the complexities of business ownership. They emphasize the importance of diversification, retirement planning, and cash flow management, as well as the need for clear business structures and exit strategies. The discussion also touches on the challenges faced by family businesses and the significance of adapting to generational changes in business management.
    In this episode:
    Entrepreneurs often focus solely on their business, neglecting personal finance.
    Diversification is crucial for long-term financial stability.
    Real estate can be a valuable asset for entrepreneurs.
    Retirement plans can provide tax benefits and financial security.
    Cash flow management is essential for seizing new opportunities.
    Structuring a business with clear exit strategies is vital.
    Family businesses face unique challenges that require open communication.
    Entrepreneurs should seek advice from experienced peers.
    Planning for retirement should start early in the entrepreneurial journey.
    Listening to the next generation's vision is key for family business success.
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 70 - Preparing to Sell Your Company
    In this episode of Building Wealthy Habits, Randy, Laura and Jeremiah discuss the essential preparations needed for selling a business. They emphasize the importance of planning ahead, structuring the business appropriately, and understanding the personal dynamics involved in the sale. Real-life examples illustrate the consequences of inadequate preparation, while the speakers also touch on the significance of timing and personal financial planning post-sale. The discussion aims to equip business owners with insights to maximize the value of their business and ensure a smooth transition.
    Key Takeaways:
    Preparation is crucial when planning to sell a business.
    Many business owners fail to plan adequately for a sale.
    Structuring your business correctly can maximize its value.
    Separating business assets from real estate can provide tax advantages.
    Reviewing contracts and ensuring long-term agreements can enhance business value.
    Intellectual property should be secured before selling a business.
    Understanding personal goals is essential when preparing for a sale.
    Timing the sale of a business can significantly impact its value.
    Retirement planning should not be neglected during the sale process.
    Your business should be viewed as a tool for future opportunities.
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min
  • Episode 69 - Why an Estate Plan is More Than a Will
    Today, Laura and Jeremiah Lee discuss the critical aspects of estate planning, emphasizing that it goes beyond just having a will. They explore the importance of advanced healthcare directives, the implications of probate, and the essential components of a comprehensive estate plan, including trusts and powers of attorney. Through real-life stories, they illustrate the necessity of planning for the unexpected and the value of clear communication in estate planning.
    Key Takeaways:
    Everyone should have an advanced healthcare directive.
    Probate can be lengthy and expensive, often compared to the DMV.
    California estate planning laws differ from other states.
    A trust keeps your estate private, while a will does not.
    Clear communication is essential in estate planning.
    It's important to have an estate plan in place when healthy.
    Trusts can dictate how and when assets are distributed.
    Durable powers of attorney are crucial for decision-making.
    Probate is not a fast process and can cause delays.
    Regularly review and update your estate plan.
    ---
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    27 min
  • Episode 68 - Don't Get Too Political
    This week, we are talking about the current state of the markets through a historical lens, examining past administrations and their economic impacts. We explore the lessons learned from the Carter-Reagan transition, the Great Depression under Hoover, and the recovery during FDR's New Deal. If anything, we want to emphasize the cyclical nature of the economy, the importance of diversification in investment, and the need to focus on data rather than political rhetoric to navigate current market uncertainties.
    In This Episode:
    00:00 Market Chaos: A Historical Perspective
    01:46 Lessons from the Carter-Reagan Transition
    11:00 The Great Depression and Hoover's Era
    14:31 FDR's New Deal and Economic Recovery
    16:58 Comparing Past and Present Economic Indicators
    22:50 Investment Philosophy: Lessons for Today
    ---
    Reach out at [email protected]
    Connect with Jeremiah:
    LinkedIn: / jeremiahjlee
    Connect with Laura:
    LinkedIn: / laura-lee-59a83610
    Connect with Randy:
    LinkedIn: / rkbarkley
    Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
    25 min

About Retirement Unlimited

From the publisher's feed

Randy, Jeremiah, & Laura discuss financial topics to help you make smart decisions with your money. Randy & Jeremiah are Certified Financial Planners and Jeremiah is also a California licensed attorney. They work together at TriCord Advisors.