Make Retirement Great

The Power of Your No in Retirement Planning Stability

In this episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the importance of setting boundaries and the power of saying no to protect your time, energy, and finances during retirement. We'll highlight key areas where you might need to say no, such as helping adult children beyond your means, avoiding high-risk investments, and overcommitting your time. We'll also emphasize how a well-structured financial plan can empower you to make better decisions and stick to your core values. Join us as we share practical advice on maintaining financial stability and ensuring a happy retirement.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 The Power of Saying No
00:09 Balancing Family Expectations in Retirement
00:39 Setting Boundaries for a Fulfilling Retirement
03:17 Top Five Things to Say No To in Retirement
03:37 Helping Adult Children Without Sacrificing Your Retirement
04:31 Avoiding High-Risk Investments
06:00 Managing Your Time and Commitments
08:03 Financial Planning for Sustainable Retirement
09:28 Navigating Conflicting Financial Advice
11:21 Cautionary Tales and Life Changes
12:37 Saying No with Confidence and Without Guilt
14:10 Empowering Boundaries with a Financial Plan
16:02 Q&A: Handling Family Conflicts and Guilt
19:51 Final Thoughts and Contact Information
20:42 Disclaimer and Legal Information
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

Everything RMDs - How to Strategize & Plan Well to Retire Happy

In this episode, financial advisors and retirement planners Jim Martin and Casey Bibb of Martin Wealth Solutions provide a comprehensive overview of Required Minimum Distributions (RMDs). They explain what RMDs are, when they start, how they are calculated, and offer strategies for managing them to avoid surprise tax bills and unnecessary withdrawals. Highlighting real-life client stories and the importance of strategic planning, they discuss the nuances of taking distributions from IRAs and 401(k)s, tax-saving opportunities like Roth conversions and Qualified Charitable Distributions, and how to avoid penalties. This episode is a must-listen for anyone nearing retirement and looking to optimize their retirement savings.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
 
0:00 Introduction to Required Minimum Distributions (RMDs)
01:11 Understanding the Basics of RMDs
02:13 Client Stories and Real-Life Examples
04:07 Strategic RMD Planning
06:14 Rules and Regulations of RMDs
10:56 Tax Opportunities and Charitable Distributions
11:50 The Importance of Giving
12:36 Understanding RMDs and Tax Implications
14:04 Strategies to Reduce Taxable Income
15:45 Navigating RMD Penalties and Corrections
17:49 Common RMD Questions Answered
19:25 Final Thoughts and Planning Ahead
20:11 Podcast Closing and DisclaimersOpinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.
 

3 Essential Questions to Determine Your Retirement Readiness

In this episode, financial advisors and retirement planning experts Jim Martin and Casey Bibb from Martin Wealth Solutions discuss the key elements of determining retirement readiness. They highlight the importance of answering three critical questions: Do you know where your retirement paycheck is coming from? Can you handle a market downturn without losing sleep? Do you have a written financial plan? The hosts share practical advice and insights into creating a sustainable retirement plan, including the significance of income planning, stress-testing your portfolio, and the value of having a written plan to navigate healthcare, taxes, and long-term care costs. They also discuss the emotional and social aspects of retirement, such as maintaining life satisfaction through social meals.http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 Introduction to Retirement Readiness
01:10 Meet Your Hosts: Jim and Casey
01:44 The Importance of Social Connections
03:56 Question 1: Knowing Your Retirement Paycheck
05:57 Question 2: Handling Market Downturns
09:47 Question 3: Having a Written Plan
14:13 The Role of a Financial Advisor
17:20 Conclusion and Final Thoughts
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

The Biggest 4 Retirement Planning Q & A's

In this episode of the podcast, financial advisors and retirement planners Jim Martin and  Casey Bibb from Martin Wealth Solutions address the four most common questions they hear about retirement planning. They discuss how to determine if you have enough to retire, the optimal time to take Social Security, what to do when the market drops, and strategies for paying less in taxes during retirement. Learn how to plan effectively for a financially secure retirement, understand the importance of having a written financial plan, and discover various tools and strategies to maximize your retirement benefits and minimize tax burdens.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 Introduction: Top Four Retirement Questions
02:30 Question 1: Do I Have Enough to Retire?
06:53 Question 2: When Should I Take Social Security?
11:37 Question 3: What to Do When the Market Drops?
15:43 Question 4: How to Pay Less in Taxes in Retirement?
19:30 Conclusion and Final Thoughts
 
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

Navigating the Four Stages of Retirement: Strategies for a Thriving Post-Work Life

In this episode, Jim and Casey discuss the four key stages of retirement: pre-retirement, go-go years, slow-go years, and no-go years. They emphasize the importance of planning for each stage to ensure a fulfilling and stress-free retirement. Topics covered include maximizing 401k contributions, tax planning, debt reduction, coordinating income strategies, and managing healthcare costs. The hosts also explore the benefits of having a side gig in retirement for mental stimulation and staying connected with the community. Tune in to learn how to plan well and retire happy.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
 
00:00 Introduction to Retirement Stages
01:56 Understanding the Four Key Stages of Retirement
02:03 Side Gigs in Retirement
02:20 Personal Stories and Insights
07:06 The Pre-Retirement Stage
09:16 The Go-Go Years
15:44 Dreaming Big in Retirement
16:45 The Go-Go Years: Frontloading Retirement Expenses
17:20 The Slow-Go Years: Simplifying Life
18:30 The No-Go Years: Long-Term Care Planning
20:17 Real-Life Transitions and Flexibility in Retirement
23:28 The Importance of Financial Advisors
26:47 Finding Purpose and Community in Retirement
29:49 Conclusion and Final ThoughtsOpinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

Don’t Let These FIVE Mistakes Derail Your Future Retirement

In this episode, financial advisors and retirement planners Jim Martin and Casey Bibb discuss the top five common retirement mistakes that can derail your plans. They cover poor tax planning, claiming social security too early, ignoring taxes in retirement, taking on the wrong amount of investment risk, and overlooking healthcare and long-term care needs. The episode offers practical tips for creating a written income plan, optimizing social security benefits, managing taxes, balancing investment risk, and planning for healthcare costs in retirement. Tune in to learn how to make informed decisions and ensure a secure and happy retirement.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 Introduction to Retirement Mistakes
01:11 Personal Reflections on Mistakes
03:24 Mistake #1: No Written Income Plan
09:33 Mistake #2: Claiming Social Security Too Early
13:43 Mistake #3: Ignoring Taxes in Retirement
17:23 Avoid Overpaying Uncle Sam
17:54 Balancing Investment Risk in Retirement
19:03 Understanding Sequence of Returns Risk
21:41 Planning for Healthcare and Long-Term Care
26:16 Listener Questions: Social Security and Investment Risk
28:44 The Fascination with Dire Wolves
30:30 Conclusion and Final ThoughtsOpinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

Questions to Find the Right Advisor

In this episode, financial advisors Jim Martin and Casey Bibb of Martin Wealth Solutions delve into the importance of selecting the right financial advisor to help you plan your retirement. We break down the key questions to ask and the traits to look for in an advisor, emphasizing the importance of finding someone who is planning-focused, a fiduciary, and aligns well with your personal goals. We also highlight the significance of having a comprehensive, written financial plan that covers more than just investments. Alongside some light-hearted moments, including chicken jokes, the discussion aims to equip you with the tools and knowledge needed to make well-informed decisions about your financial future.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 Introduction: Do You Need a Financial Advisor?
01:33 Meet the Hosts
03:17 Choosing the Right Financial Advisor
04:25 The Importance of a Written Plan
06:53 Understanding Fiduciaries
09:41 Building a Relationship with Your Advisor
13:34 Essential Questions to Ask Your Advisor
13:59 Understanding Advisor Fees and Transparency
14:44 Building and Updating a Retirement Plan
15:40 Comprehensive Financial Planning
16:44 Advisor's Role in Market Downturns
18:05 Finding the Right Financial Advisor
22:37 Importance of Tax Strategy
24:40 How Many Advisors Should You Interview?
25:51 Conclusion and Final ThoughtsOpinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

Planning Your Retirement Move: Taxes, Healthcare, & Community

In today's episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the essential steps to prepare for relocating to another state in retirement. They cover key considerations including financial assessment, healthcare and insurance implications, legal and estate planning, and integrating into a new community. They emphasize the importance of understanding state taxes, real estate markets, cost of living, and social security implications. The duo also talks about practical tips like trying out living in the new state for a month and connecting with local social networks. Additionally, they touch on personal stories and the significance of researching all aspects to ensure a smooth and enjoyable transition.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 Introduction: Ready for Sunshine and Relocation
00:40 Personal Thoughts on Relocation
01:12 Meet Casey: Remodeling Updates
02:02 Step 1: Assessing Financial Implications
03:17 State Taxes and Residency
03:43 Real Estate Market and Housing Costs
05:16 Social Security and Pension Considerations
07:17 Healthcare and Insurance Considerations
10:02 Local Senior Services and Final Thoughts
10:59 Happy Meals for Dogs
11:26 Aging and Relocation Considerations
12:31 Estate Planning Essentials
14:07 Building Social Networks in a New State
16:09 Cost of Living Adjustments
17:41 Practical Tips for Relocation
19:29 Casey's Book Report
20:39 Conclusion and Contact InformationOpinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

The Tax Smart Retiree: Tips to Keep More of Your Money in Retirement

In today's episode, financial advisors and retirement planners Jim Martin & Casey Bibb explore how taxes can be a major expense in retirement and discuss strategies to potentially lower your tax bill. We cover tax pitfalls and methods used by wealthy individuals to pay less in taxes, including Roth conversions, tax-efficient withdrawal plans, Qualified Charitable Distributions (QCDs), and tax loss harvesting. Additionally, we delve into the importance of optimizing Social Security and Medicare timing.  Jim and Casey emphasize the need for comprehensive financial planning and how utilizing tools like a tax calculator can help retirees plan better. Listener questions about handling old 401(k) plans and dealing with market volatility are also addressed, providing practical advice for Americans aged 40-60 looking toward a more confident retirement.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 Introduction to Retirement Taxes
01:10 Understanding Tax Pitfalls in Retirement
01:42 Welcoming Casey to the Show
02:38 The Reality of Tax Deferred Accounts
05:52 Strategies to Lower Your Tax Bill
06:04 Roth Conversions Explained
07:40 Tax Efficient Withdrawal Plans
09:57 Qualified Charitable Distributions (QCDs)
11:35 Harvesting Tax Losses
13:07 Common Financial Planning Mistakes
13:22 Strategic Filing for Social Security and Medicare
14:23 The Butterfly Effect in Financial Planning
15:48 Using Tax Calculators and Projections
18:11 Finding the Right Financial Advisor
20:13 Listener Q&A: Managing Old 401(k)s
22:09 Listener Q&A: Market Volatility Concerns
23:14 The Three Pointer Story
24:32 Conclusion and Final Thoughts
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

Retire Smart: The Bucket Approach

In this episode, financial advisors and retirement planners Jim Martin and Casey Bibb of Martin Wealth Solutions discuss effective strategies to help you invest wisely and sleep easy during market volatility. They introduce the 'Bucket Strategy' to manage short-term, medium-term, and long-term investments, and explore how this can ensure a stress-free retirement. Additionally, the hosts delve into financial planning, discussing budgeting for summer travel and smart saving techniques. Listeners will gain valuable insights into achieving financial peace of mind and making retirement enjoyable.
http://retirewithmartin.com/ <- Learn about working with us
www.planwellretirehappy.com
00:00 Introduction to Market Volatility
01:12 Understanding Investor Emotions
01:38 Meet Your Hosts: Jim and Casey
03:06 The Bucket Strategy Explained
06:43 Real-Life Applications and Benefits
10:48 The Importance of Planning Ahead
15:38 The Bonus Bucket: Long Term Care and Legacy Planning
16:30 The Importance of Financial Security and Peace of Mind
18:51 Travel Plans and Saving Money on Vacations
20:56 Travel Hacks and Budgeting Tips
26:44 Final Thoughts and Encouragement
27:59 Podcast Disclaimer and Closing RemarksOpinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.