This episode explores the essential considerations for hiring a financial advisor, focusing on understanding your needs and goals rather than jumping into products. The hosts, financial advisors Jim Martin & Casey Bibb, discuss the importance of having a written financial plan, the fiduciary responsibility of advisors, and the key questions to ask when interviewing potential advisors. Additionally, they highlight the significance of finding someone you trust and who communicates effectively, emphasizing that great financial advice should go beyond mere investment suggestions to include comprehensive planning across various aspects of your financial life. The episode includes engaging anecdotes and practical advice to help retirees make informed decisions about their financial future.

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

www.planwellretirehappy.com

In today's episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the key steps to preparing for a move to another state in retirement. They cover financial assessments, including understanding state taxes and real estate costs, healthcare and insurance considerations, legal and estate planning needs, and the importance of social networks and community integration. The hosts share practical tips and personal anecdotes to help retirees make informed decisions about relocating, ensuring a smooth transition to their new homes.

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

www.planwellretirehappy.com

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

www.planwellretirehappy.com

Average Frequency and Duration of Corrections:

Source: Fidelity Investments, “U.S. stock market corrections: A historical perspective,” February 2023.

Link: Fidelity Viewpoints

Historical Bear Market Data (duration, depth, frequency):

Source: Schwab Center for Financial Research, "Bear Markets in Historical Perspective," November 2022.

Link: Schwab Insights

2008 Financial Crisis Recovery Example:

Source: CNBC Markets Report, "The stock market’s historic 11-year bull run came to an end—here’s how it compared," March 2020.

Link: CNBC

JPMorgan Asset Management Study (Impact of Missing the Best Days):

Source: JPMorgan Asset Management, “Guide to Retirement,” 2023 Edition.

Link: JPMorgan Guide to Retirement (slide 41)

COVID-19 Crash Example:

Source: Vanguard Insights, "How America invests 2022," June 2022.

Link: Vanguard

Balanced Portfolio (60/40) Performance and Volatility Comparison:

Source: Vanguard, "The case for a balanced portfolio," April 2023.

Link: Vanguard Investor Insights

2022 Diversification Example:

Source: Morningstar Research, "How a Diversified Portfolio Helped Investors Survive 2022’s Bear Market," January 2023.

Link: Morningstar

Dalbar Quantitative Analysis of Investor Behavior (QAIB):

Source: Dalbar’s "Quantitative Analysis of Investor Behavior (QAIB) Report," 2023 Edition.

Link: Dalbar QAIB Report

Historical Comparison (Dot-Com, 2008 Financial Crisis, COVID):

Source: Fidelity Investments, "Market timing can cost investors big," February 2023.

Link: Fidelity Viewpoints

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.

In this episode, financial advisors and retirement planners Jim Martin & Casey Three-Point Bibb discuss how taxes can often be the largest expense for retirees and what can be done to mitigate their impact. The conversation covers common tax pitfalls, strategic use of tax-deferred accounts like IRAs and 401(k)s, and effective strategies such as Roth conversions, tax-efficient withdrawal plans, and Qualified Charitable Distributions (QCDs). The hosts provide actionable insights and highlight the importance of working with a tax-aware financial advisor. The show concludes with answers to listener questions about managing old 401(k)s and handling market volatility in retirement.

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

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.

In this episode, financial advisors and retirement planners Jim Martin and Casey Bibb of Martin Wealth Solutions discuss market volatility and its impact on investors. They introduce the bucket strategy—a method of segmenting investments into short-term, medium-term, and long-term buckets to protect assets and ensure financial stability in retirement. The hosts break down how to allocate funds within each bucket to reduce risk and boost confidence among retirees. Additionally, the episode covers tips for saving money on summer travel, encouraging proactive planning and flexibility for a stress-free journey. Tune in to learn strategies that can help you achieve a secure and joyful retirement.

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

www.planwellretirehappy.com

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

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

www.planwellretirehappy.com 

In this episode, financial advisors Jim Martin and Casey Bibb from Martin Wealth Solutions discuss the emerging trends of mini retirements and hybrid retirements. They delve into the benefits and risks of these retirement strategies, such as preventing burnout and improving mental health, as well as the importance of strategic financial planning. The conversation also touches upon maintaining social connections and exploring passions. Additionally, the episode highlights the need for physical fitness at different ages and provides practical tips on staying healthy. 

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

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

www.planwellretirehappy.com

In this episode, financial advisors and retirement planners Jim Martin & Casey Bibb explore the top five regrets retirees often face and provide actionable steps to avoid them. Hosts discuss the importance of saving enough, the risks of starting Social Security too early, the pitfalls of retiring with too much debt, the consequences of retiring too soon, and the necessity of prioritizing health. Real-life examples and practical advice are shared to help you plan for a better retirement. Plus, a fun conversation about flying for the first time and enjoying beignets from New Orleans!

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

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

www.planwellretirehappy.com 

In this episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the potential impacts of President Trump's administration on retirement planning. They delve into topics such as tax policies, the social security tax, trade tariffs, deregulation, and the effects on the stock market and retirement accounts. The conversation includes insights on the economic landscape and practical advice for retirees to stay focused on long-term plans and tax strategies. The hosts emphasize the importance of maintaining a balanced perspective amidst political changes and media influence.

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

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

www.planwellretirehappy.com

In this episode, financial advisors Jim Martin & Casey Bibb dive into the concept of behavioral finance and how emotions and cognitive biases shape our financial decisions. We discuss strategies to handle emotional triggers, automation of financial decisions, and the importance of a comprehensive retirement plan. Jim and Casey Bibb share practical tips to stay on track with your retirement goals, balance short-term desires with long-term planning, and avoid pitfalls like confirmation bias, fear of market downturns, and anchoring. The episode highlights the value of diversification, reassessing financial plans, and working with an advisor to navigate the complexities of investment in retirement. Lastly, Casey provides insights from their personal life, discussing preparedness and drawing parallels with financial planning.

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

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

www.planwellretirehappy.com