Your year end financial checklist!

In this episode, financial advisor Jim Martin shares insights from his recent trip to Iceland and turns it into a valuable discussion on year-end financial planning. He covers key topics such as maximizing contributions to 401(k) and 403(b) accounts, evaluating and updating your emergency fund, ensuring timely Required Minimum Distributions (RMDs) for those over 73, and being mindful of holiday spending. Jim also discusses broader life planning for the year ahead and offers actionable tips to set yourself up for a successful 2025. Tune in for practical advice to help you plan well and retire happy.

 

http://taxgpa.com  <- Tax tool calculator!

http://retiresmartscore.com <- Get your retirement score!

http://retirewithmartin.com<- Learn about working with Jim

www.planwellretirehappy.com

 

00:00 Family Trip to Iceland

00:29 The Importance of Planning

00:41 Saving Money on Travel

01:23 In-Flight Conversations

02:42 Introduction to Financial Planning

03:41 Maximizing Your 401k Contributions

04:21 Reviewing Your Emergency Fund

06:39 Required Minimum Distributions (RMDs)

07:41 Holiday Spending Tips

09:42 Planning for 2025

13:06 Recap and Final Thoughts

14:41 Podcast Conclusion and Disclaimers

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.