In this episode, financial advisors Jim Martin and Casey Bibb discuss the swift passage of 2024 and dive into important financial topics for the new year. They cover top New Year's resolutions, including reassessing retirement plans, maximizing tax strategies, building emergency funds, optimizing Social Security and Medicare decisions, and aligning investments with retirement goals. The conversation also delves into long-term care planning, examining the costs and different insurance options available. They also dive into their personal plans they're excited to work towards in 2025.

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

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

www.planwellretirehappy.com

In this episode, Jim Martin, a financial advisor, explores the benefits and emotional challenges of downsizing and decluttering your life, particularly as you approach retirement. Highlighting a personal client story, Jim delves into why simplifying your living situation can be financially and emotionally beneficial, and provides practical tips for making the transition smoother. He discusses the historical trend of increasing house sizes, the financial and practical advantages of living in a smaller space, and the emotional difficulty of letting go of a longtime home and possessions. Jim also shares strategies for addressing emotional attachments and offers practical advice on planning and executing a downsize effectively.

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.

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

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

www.planwellretirehappy.com

In this episode, Jim Martin and Casey Bibb dive into the concept of 'animal spirits' and their impact on investing emotions. They discuss the importance of maintaining a long-term perspective and managing emotional reactions to market events. Additionally, they touch on the growing trend of young adults living with their parents, explore the best places to retire, and give updates on current mortgage rates. The duo also shares insights on the future of streaming live events, specifically referencing a recent high-profile boxing match, and highlight the exciting news about a Betty White commemorative stamp.

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.

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

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.

In this episode, Jim Martin, the founder of Martin Wealth Solutions and a financial advisor, delves into the concept of financial freedom and discusses various types of retirement accounts, including 401(k), 403(b), IRA, and Roth IRA, along with the idea of a 'Financial Freedom Account.' He emphasizes the importance of tax-efficient strategies and proper planning for achieving financial independence and making work optional. Jim outlines key steps such as fully funding Roth IRAs and taking advantage of 401(k) matches before considering other investment options. The episode also addresses common mistakes, such as over-saving in qualified accounts, and offers practical advice for better managing cash reserves and investments to ensure a successful retirement.

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.

In this episode, hosts and financial advisors Jim Martin & Casey Bibb discuss the relevance of the 60/40 portfolio strategy in today's changing financial landscape. They delve into the impact of interest rate changes, newly set IRS contribution limits for 2025, and the current economic conditions indicated by the recent job reports. They also offer practical advice on investment strategies for retirees, emphasizing the importance of taking calculated risks. The conversation includes a lighthearted discussion on McDonald's spicy chicken nuggets and recommendations for TV shows like 'Unreal' and 'Your Honor.' Tune in for insights on how to manage your retirement funds effectively.

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.

In this episode, financial advisor Jim Martin reminisces about his childhood memories of movies like 'The Terminator,' linking it to modern-day discussions on artificial intelligence (AI). Jim explores the potential impacts of AI on the financial services industry, particularly in wealth management and retirement planning. He discusses an interview with 'Horse's Mouth,' focusing on how AI can be leveraged by advisors for tasks such as automated portfolio rebalancing, risk management, and financial planning. Jim highlights both the benefits and drawbacks of AI, stressing the importance of human judgment and caution. He also touches on broader uses of AI in daily life and encourages listeners to explore AI tools while being wary of over-reliance on them for crucial financial decisions.

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.

In this episode of the podcast, host Jim Martin is joined by all-star advisor Casey Bibb for a discussion on eye-opening and somewhat frightening statistics concerning retirement savings, recorded right before Halloween but released after. The conversation delves into how many workers have under $200,000 saved for retirement and the looming fears many might face. Casey and Jim explore reasons behind these trends, the importance of working with a financial advisor, and actionable strategies if you're behind on savings. They specifically address how these issues affect Gen Xers, Baby Boomers, and single women more acutely. Whether you find yourself anxious about retirement or confident but looking to stay informed, this episode covers the need to plan well to retire happy.

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

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

www.planwellretirehappy.com

Join Jim Martin of Martin Wealth Solutions as he introduces the compelling 'Die Broke' financial philosophy, inspired by the book 'Die Broke: A Radical Four-Part Financial Plan' by Stephen Pollan and Mark Levine. This episode explores how to enjoy your retirement without sacrificing your lifestyle. Discover the key pillars of this approach: shifting your mindset about work, living within your means, and reconsidering the traditional idea of retirement. Learn how to focus on guaranteed income, long-term care, and managing inflation while strategically planning for a secure and pleasurable retirement. Tune in for practical tips, financial strategies, and avoid common pitfalls to ensure you live the retirement you've always dreamed of. For more personalized advice, visit retirewithmartin.com.

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

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

www.planwellretirehappy.com

00:00 Introduction to the Die Broke Concept

01:36 Why Some People Choose to Die Broke

03:17 The Four Pillars of the Die Broke Philosophy

03:37 Pillar 1: Quit Today

05:10 Pillar 2: Pay Cash

07:19 Pillar 3: Don't Retire

11:00 The Concept of Not Retiring

11:26 The Radical Idea of Dying Broke

12:03 Challenges of the Die Broke Methodology

13:24 Financial Planning for a Secure Retirement

14:36 Ensuring a Comfortable Lifestyle

16:49 The Importance of Comprehensive Financial Planning

19:40 Final Thoughts and Resources

20:40 Conclusion & 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.