Make Retirement Great

Target Date Funds and Planning for the Unthinkable

In this episode, financial advisors Jim Martin and Casey Bibb explore the fundamentals of target date funds, a common investment vehicle found in 401ks. They discuss the advantages and disadvantages of these funds, including their automatic risk adjustment over time and their potential drawbacks related to individual risk tolerance and concentration risks. Additionally, they touch on the importance of property insurance in light of natural disasters and delve into the concept of sleep divorces for better personal space. The hosts emphasize the importance of reviewing financial strategies and insurances, especially for those approaching retirement. 
00:00 Introduction to Target Date Funds
00:19 Understanding Target Date Funds
03:45 Pros of Target Date Funds
05:12 Cons of Target Date Funds
12:21 Alternatives to Target Date Funds
14:00 Retirement Locations and Natural Disasters
19:50 The Concept of Sleep Divorce
24:48 Conclusion and Final Thoughts
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
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 Unplanned Retirement: How to Adapt and Thrive

In this podcast episode, financial advisors Jim Martin and Casey Bibb discuss the frequent occurrence of unexpected early retirements due to layoffs, health issues, and other factors. They share strategies on how to prepare financially for such events, emphasizing the importance of emergency funds, debt reduction, health planning, and having a robust financial plan. Additionally, they cover upcoming changes to Social Security in 2025, including a 2.5% Cost of Living Adjustment (COLA) and new income limits for early and full retirement age filers. The episode aims to help listeners plan more effectively for retirement and handle unexpected changes with confidence.
00:00 Introduction to Retirement Planning Challenges
00:47 Unexpected Early Retirement
03:15 Age Discrimination in the Workforce
04:05 Steps to Bulletproof Your Retirement
05:35 Assessing Your Financial Situation
09:23 Health and Employment Considerations
15:35 Personal Stories and Experiences
17:31 Upcoming Changes in Social Security
17:54 Understanding the 2.5% COLA Increase
18:13 Inflation and Cost of Living Adjustments
20:00 Social Security and Part-Time Work
21:46 The Impact of Early Retirement on Benefits
23:43 Personal Stories and Recommendations
26:57 TV Shows and Entertainment
30:16 Conclusion and Final Thoughts
(LINK HERE) <- View the 2025 changes to Social Security and COLAhttps://www.imdb.com/title/tt13991232/ <- 1883 with Tim McGraw & Faith Hill
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
https://www.usatoday.com/story/money/personalfinance/retirement/2025/01/07/social-security-changes-for-2025/77389545007/
https://rethinking65.com/58-of-americans-careers-are-cut-short/
 
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.

Do you have an IRA Tax Time Bomb?

In this episode, financial advisors Jim Martin and Casey Bibb delve into Ed Slott's new book and the concept of the 'ticking tax time bomb' within IRAs. They discuss the impact of required minimum distributions (RMDs) on retirees' tax liabilities and emphasize the importance of proactive tax planning. The show also covers the effects of interest rates on retirement accounts, strategies for managing taxes, and offers insights into navigating the complexities of the financial landscape. Additionally, there's a lighthearted segment on the odds of winning the lottery and the importance of structured financial planning.
www.taxgpa.com<- Get your tax GPA
http://retiresmartscore.com <- Get your retirement score
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
 
00:00 Introduction to the Tax Time Bomb
00:25 Meet the Hosts: Jim and Casey
02:08 Diving into Ed Slott's New Book
02:54 Understanding Required Minimum Distributions (RMDs)
06:06 Planning for Roth Conversions
08:21 The Importance of Having a Tax Strategy
14:34 Impact of Interest Rates on Retirees
20:26 Lottery Fun and Financial Planning
25:50 Conclusion 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.

Write Down Your 2025 Financial Resolutions

Join financial advisors Jim Martin and Casey Bibb as they kick off 2025 discussing rapid passage of time, new year's resolutions, and essential financial planning topics. The episode covers top financial resolutions such as reassessing retirement plans, maximizing tax-efficient strategies, building emergency funds, optimizing social security and Medicare decisions, and aligning investments with retirement goals. They also address the significant topic of long-term care, sharing options like traditional long-term care insurance, annuities, and life insurance hybrids. Finally, Jim and Casey share their personal plans for 2025 and encourage listeners to write down and take action on their own resolutions.
https://www.morningstar.com/personal-finance/100-must-know-statistics-about-long-term-care-2023-edition
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
00:00 Reflecting on the Past Year
00:39 New Year's Resolutions
03:16 Top Financial Resolutions
07:21 Emergency Funds and Unexpected Expenses
09:57 Optimizing Social Security and Medicare
11:54 Aligning Investments with Retirement Goals
15:10 Introduction to Long Term Care
16:15 The High Cost of Long-Term Care
17:35 Medicare and Long-Term Care: The Reality
18:53 Financial Planning for Long-Term Care
21:13 Insurance Options for Long-Term Care
24:40 Life Insurance Hybrid Option Explained
27:13 Personal Stories and Travel Plans
30:40 Final Thoughts 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.

When should you downsize and declutter your life?

In this episode, financial advisor Jim Martin discusses the common trend of downsizing homes as we approach retirement. He shares insights from a recent client meeting about simplifying life and emphasizes the financial and emotional aspects of moving to a smaller home. Jim outlines practical steps for decluttering and making the transition smoother, including evaluating space needs, involving family in the process, and hiring professionals for the move. He also addresses the emotional challenges and benefits of downsizing, such as reduced costs, increased freedom, and less maintenance. Tune in to learn how downsizing can contribute to a more stress-free and fulfilling retirement lifestyle.
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
00:00 Introduction: Holiday Season Reflections
00:21 Client Story: Tom and Mary's Goal to Simplify
01:34 Podcast Welcome and Episode Overview
01:47 The Trend of Downsizing: Does It Make Sense?
03:17 Emotional Challenges of Letting Go
05:03 Decluttering Strategies and Tips
06:29 Practical Tips for Downsizing and Moving
07:29 Evaluating Your Needs and Future Planning
12:57 Conclusion: Embracing the Benefits of Downsizing
14:29 Podcast Closing Remarks 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.

Direct Primary Care - The future of Health Care

Exploring the Benefits of Direct Primary Care and Managing Retirement Finances
 
Hosts Jim Martin and Casey Bibb discuss the concept of Direct Primary Care (DPC) and its advantages over traditional healthcare models. They share personal experiences highlighting the system's efficiency and the significance of the doctor-patient relationship. The episode also delves into financial planning for retirees, emphasizing the dangers of credit card debt and strategies to maintain financial health. Additionally, listeners are treated to personal anecdotes and opinions on recent movies and comedy shows. The episode aims to educate Gen Xers on optimizing healthcare and financial strategies for a happier retirement.
 
https://mapper.dpcfrontier.com/  - Find your local DPC doc here
 
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
 
00:00 Introduction to Direct Primary Care
01:22 Jim's Personal Healthcare Journey
07:59 The Benefits of Direct Primary Care
09:56 Casey's Experience with Direct Primary Care
11:05 Encouraging Direct Primary Care Adoption
11:25 Financial Considerations and Subscription Costs
11:43 The Importance of Doctor-Patient Relationships
15:38 How to Get Started with Direct Primary Care
17:06 Transition to Financial Advice for Retirees
18:25 The Reality of Credit Card Debt
19:48 Emergency Funds: A Financial Safety Net
21:34 Smart Credit Card Usage
25:20 The Cybertruck Debate
28:30 Movie Recommendations and Reviews
32:16 Wrapping Up: Final Thoughts and Advice
 
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.
 
 

Taming Emotional Investing

In this episode, Jim Martin, founder of Martin Wealth Solutions, and co-host Casey Bibb explore the concept of 'animal spirits' and how emotions influence investment decisions. They discuss the impact of current events on market perceptions and the importance of long-term investment strategies. The hosts also delve into the rising trend of young adults living with their parents, the escalating housing market, and mortgage rates. Additionally, they touch on the most streamed sporting event and the legacy of Betty White. The episode wraps up with advice on emotional control and actionable financial insights for retirees.
https://rethinking65.com/u-s-news-best-places-to-retire-in-2025-may-surprise/ <-- Best places to retire article
 
https://www.cnbc.com/2024/11/17/why-many-young-adults-in-the-us-are-still-living-with-their-parents.html <-- Young adults living with their parents article
 
https://www.cnbc.com/2024/11/19/mike-tyson-jake-paul-fight-was-most-streamed-sports-event-netflix-says.html <-- Mike Tyson & Jake Paul fight article
http://retiresmartscore.com <-- Get your retirement score!
http://retirewithmartin.com/ <-- Learn about working with Jim
www.planwellretirehappy.com
00:00 Introduction to Animal Spirits in Investing
00:55 Understanding Emotional Influence on Investments
03:10 The Impact of Media on Investment Decisions
05:12 Young Adults Living with Parents: A Growing Trend
15:02 Housing Market Challenges and Mortgage Rates
18:36 The Future of Sports Streaming
21:02 Celebrating Betty White and Conclusion
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.

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.

Should I invest in a Financial Freedom account?

In this episode, Jim Martin, founder of Martin Wealth Solutions and financial advisor, discusses various strategies and accounts to achieve financial independence and enjoy retirement. He explains the benefits and drawbacks of traditional retirement accounts like 401(k)s and IRAs, as well as Roth accounts. Jim introduces the concept of a 'financial freedom account', a brokerage or investment account that allows for greater control over taxes and flexibility for early retirement spending. He emphasizes the importance of maximizing employer matches in retirement accounts and fully funding Roth IRAs before considering additional investments. The episode provides valuable advice for individuals considering how to best allocate their savings to ensure a comfortable and financially secure retirement.http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
00:00 Introduction to Financial Freedom
01:03 Understanding Retirement Accounts
02:59 The Power of Roth Accounts
03:47 Introducing the Financial Freedom Account
04:37 Benefits and Scenarios of Financial Freedom Accounts
07:03 Guidelines for Financial Freedom Accounts
09:00 Managing Cash and Investments
13:45 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.

Should you invest in the 60/40 portfolio?

In this episode, Jim Martin and Casey Bibb discuss the viability of the traditional 60/40 investment portfolio in today's financial landscape. They cover recent IRS updates on contribution limits, insights on interest rates, and the impact of inflation on retirement funds. Additionally, they delve into the latest job report, Federal Reserve rate cuts, and their implications for the economy. The hosts also touch on lighter topics, such as McDonald's spicy nuggets and their current TV recommendations.
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
00:00 Introduction to the 60/40 Portfolio
01:03 IRS Contribution Limits Update
04:11 October Jobs Report Analysis
05:58 Federal Reserve Rate Cuts Discussion
07:56 Evaluating the 60/40 Portfolio
14:39 McDonald's Spicy Nuggets Return
16:00 What We're Watching
20:04 Conclusion and Listener Engagement
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.