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.

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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

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