Shows
Retirement Answers Today5 Retirement Planning Pitfalls to AvoidIn this episode, financial advisors and retirement planners Jim Martin and Casey Bibb discuss the top five most common and preventable retirement mistakes they encounter, from poor tax planning and early Social Security claims to inadequate investment risk management and healthcare oversight. They provide guidance on constructing a written income plan, optimizing Social Security, and devising a tax strategy to help retirees maintain financial stability. The episode also touches on personal anecdotes and highlights the importance of making well-informed decisions to secure a comfortable and worry-free retirement.
http://retirewithmartin.com/ 2025-05-0531 minRetirement Answers TodayChoosing the Best Financial Advisor: Secrets to SuccessThis 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...2025-04-2827 minRetirement Answers TodayWhere to Retire? Does it make sense to relocate in retirement?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/ 2025-04-2122 min
Make Retirement GreatPlanning Your Retirement Move: Taxes, Healthcare, & CommunityIn today's episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the essential steps to prepare for relocating to another state in retirement. They cover key considerations including financial assessment, healthcare and insurance implications, legal and estate planning, and integrating into a new community. They emphasize the importance of understanding state taxes, real estate markets, cost of living, and social security implications. The duo also talks about practical tips like trying out living in the new state for a month and connecting with local social networks. Additionally, they touch on personal stories and the significance of researching...2025-04-1422 minRetirement Answers TodayTax Breaks for Retirees: How to Plan Like the WealthyIn 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.2025-04-0725 minMake Retirement GreatThe Tax Smart Retiree: Tips to Keep More of Your Money in RetirementIn today's episode, financial advisors and retirement planners Jim Martin & Casey Bibb explore how taxes can be a major expense in retirement and discuss strategies to potentially lower your tax bill. We cover tax pitfalls and methods used by wealthy individuals to pay less in taxes, including Roth conversions, tax-efficient withdrawal plans, Qualified Charitable Distributions (QCDs), and tax loss harvesting. Additionally, we delve into the importance of optimizing Social Security and Medicare timing. Jim and Casey emphasize the need for comprehensive financial planning and how utilizing tools like a tax calculator can help retirees plan better. Listener questions about h...2025-04-0725 minRetirement Answers TodayHow the Bucket Strategy Can Transform Your Retirement GameIn 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...2025-03-3128 minRetirement Answers TodayShould You Ever Use Your Roth IRA? (Hint: Yes!)Maximizing Your Roth IRA: When and How to Tap Into Your Retirement Treasure
In this episode, financial advisor Jim Martin and Casey from Martin Wealth Solutions tackle the myths and realities surrounding Roth IRAs. You'll learn the pros and cons of Roth IRAs, why the industry often recommends not touching these accounts, and when it might actually make sense to withdraw from them. The hosts provide insights into strategic Roth IRA distribution, addressing topics like avoiding higher tax brackets, Medicare costs, and Social Security impacts. Additionally, they explore using Roth IRAs for legacy planning and achieving financial independence. The episode...2025-03-2421 minRetirement Answers TodayRethinking Retirement: How a Hybrid Retirement Can Change Your FutureIn 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 2025-03-1723 minMake Retirement GreatAvoid These FIVE Retirement Planning RegretsIn this episode, financial advisors and retirement planners Jim Martin & Casey Bibb discuss the top five regrets of retirees and provide actionable steps to avoid them. Topics include the importance of saving enough, the implications of claiming Social Security early, the risks of retiring with too much debt, the consequences of retiring prematurely, and the significance of prioritizing health. The hosts also share insights from real-life cases, tips on financial planning, and personal stories to help listeners plan for a secure and enjoyable retirement. Special guest Casey Bibb shares his experience of overcoming the fear of flying. The episode...2025-03-1024 minRetirement Answers TodayTop 5 retirement regrets and how to avoid them.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...2025-03-1025 minMake Retirement GreatWill Trump wreck YOUR retirement?In this episode, financial advisors Jim Martin & Casey Bibb discuss how a change in U.S. presidency, specifically under Donald Trump, could impact the stock market and retirement planning. They delve into topics such as the potential extension of the Trump tax cuts and its effects on retirees, the implications of deregulation, concerns about Social Security, the impact of tariffs and trade wars, and how to maintain focus on personal financial goals amidst political changes. The hosts highlight the importance of tax-efficient strategies, diversification, and maintaining a long-term perspective. Join the conversation for a thoughtful analysis on making informed...2025-03-0331 minRetirement Answers TodayHow could Trump impact your retirement plans?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 2025-03-0332 minMake Retirement GreatDon't Give In To Knee-Jerk InvestingIn this episode, financial advisors Jim Martin & Casey Bibb explore the concept of behavioral finance, focusing on how psychological factors like emotions, biases, and cognitive distortions impact our financial decisions. We discuss strategies to gain control over finances and ensure smart investment choices for retirement. Topics include diversifying investments, working with advisors, and overcoming biases such as loss aversion and confirmation bias. The conversation also covers practical tips like automating decisions, setting financial guardrails, and preparing for market volatility. Guest Casey Bibb shares personal anecdotes and emphasizes the importance of educational resources in making rational financial decisions.
2025-02-2427 minRetirement Answers TodayRetirement Emotions: Making smart decisions with your wealthIn 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...2025-02-2428 minRetirement Answers TodayWhat should I do with my old 401k?In this episode, financial advisors Jim Martin and co-host Casey Bibb discuss the various options available for managing an old 401k from a previous job. The options include leaving it in place, rolling it into a new employer's plan, cashing it out, or moving it to a self-directed IRA. They explore the pros and cons of each option and provide guidance on making the best decision based on individual circumstances. Additionally, they delve into the intricacies of Social Security survivor benefits and the financial implications of a spouse's death, emphasizing the importance of comprehensive financial planning for retirement.
2025-02-1724 minMake Retirement GreatFinancial Advisors Discuss: Top 5 Retirement Planning MistakesIn this episode, we discuss the top five retirement mistakes and how to avoid them, with expert insights from financial advisors Jim Martin & Casey Bibb. Topics include claiming Social Security too early, the importance of a withdrawal strategy, underestimating inflation and healthcare costs, balancing investment strategies, and planning for taxes in retirement. A personal story underscores the importance of comprehensive financial planning. The show also touches on current developments in AI technology and a fun discussion about getting a new Tesla.
http://retiresmartscore.com 2025-02-1027 minRetirement Answers TodayRetirement Pitfalls: The Top 5 Mistakes You Must Avoid!In this episode, financial advisors Jim Martin & Casey Bibb discuss the top five mistakes to avoid when planning for retirement and offer a bonus tip for creating a solid financial strategy. They emphasize the importance of delaying Social Security benefits for maximum returns, developing a comprehensive withdrawal plan, accounting for inflation and healthcare costs, and finding a balanced investment strategy. The discussion highlights the critical role of tax planning and the overall significance of having a detailed financial plan to ensure a secure retirement. Additional dialogues include personal anecdotes, the impact of AI on investments, and the Jim's decision...2025-02-1027 minMake Retirement GreatWhy You Should Emphasize Planning for a Secure RetirementIn this episode your hosts and financial planners Jim Martin & Casey Bibb dive into the importance of creating a financial plan for a secure retirement. They discuss common misconceptions about financial planning, the 3 key elements needed for a robust financial plan, and how such plans can provide peace of mind and permission to enjoy one's retirement funds. Additionally, the conversation shifts to the pros and cons of electric vehicles (EVs), covering practical considerations such as charging, cost implications, and suitability for different lifestyles. The hosts also share personal anecdotes and recommendations for TV shows and books. This episode is...2025-02-0333 minRetirement Answers TodayWhy you need a financial plan and how to build one for retirement!In this episode with financial advisors Jim Martin & Casey Bibb, we discuss the crucial aspects of financial planning, including the importance of having a financial plan for a successful retirement. We debunk common myths, such as mistaking investment statements for a financial plan, and highlight essential components like income, investment, and tax strategies. Hear from Casey Bibb on why planning alleviates fears of the unknown and provides financial security. We also dive into the debate around electric vehicles (EVs), weighing the pros and cons, such as charging logistics and the impact on power bills. And for some light-hearted moments...2025-02-0334 minMake Retirement GreatFinancial Advisors Discuss: Do You REALLY Need 1 Million to Retire?In this episode, financial advisors Jim Martin & Casey Bibb tackle the pervasive myth that you need a million dollars to retire comfortably. We discuss a USA Today article that lists the states where you supposedly need a million dollars to retire, and our special guest Casey Bibb shares insights on why this figure might not apply to everyone. We highlight how individual factors such as lifestyle, debt, and personal goals play a crucial role in retirement planning, making a one-size-fits-all number unrealistic. We also talk about the importance of having a custom financial plan, understanding your true income needs...2025-01-2727 minRetirement Answers TodayThe Million Dollar Question: Do I Need a $1M to Retire?In this episode, financial advisors Jim Martin & Casey Bibb dive into the common belief that you need a million dollars to retire. We review an article from USA Today about the 15 states where you supposedly need a million dollars to retire, but question whether this is truly accurate. Featuring guest Casey Bibb, we discuss how retirement needs vary widely depending on personal circumstances, spending habits, and lifestyle choices. We also explore the importance of financial planning, the potential pitfalls of blindly following retirement savings rules, and how to tailor your retirement strategy to your unique goals. Whether you're just...2025-01-2727 minRetirement Answers TodayTarget Date Funds: A Safe Bet or a Retirement Risk?In this episode, financial advisors Jim Martin and Casey Bibb discuss the intricacies of target date funds, commonly found in 401(k) plans. They explain how these funds automatically adjust asset allocation as you approach retirement and analyze the pros and cons of such investments. They emphasize the importance of understanding your risk tolerance and ensure your investments match your retirement goals. The show also covers practical tips for safeguarding your assets, including reviewing insurance coverage and considering natural disaster risks. Additionally, Jim and Casey explore the unconventional topic of 'sleep divorce' for better marital bliss.
00:00 Introduction t...2025-01-2026 minRetirement Answers TodayUnexpected Early Retirement - Are you prepared?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.
2025-01-1329 minRetirement Answers TodayThe Lurking Tax Time Bomb in Your Retirement PortfolioIn this episode, financial advisors Jim Martin and Casey Bibb discuss the potential tax time bomb lurking in your retirement portfolio, particularly within IRAs, as highlighted in Ed Slott's new book. They delve into the importance and strategies of proactive tax planning to avoid excessive taxes when taking required minimum distributions (RMDs). They also touch on the effects of current interest rates on retirees and the complexities surrounding these financial decisions. Additionally, the hosts highlight the importance of having a comprehensive tax strategy and the various levers retirees can pull, such as Roth conversions and charitable donations. Lastly, there's...2025-01-0626 minRetirement Answers TodayAddressing Long Term Care in your retirement plan.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.
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http://retiresmartscore.com 2024-12-3032 minRetirement Answers TodayAre you planning to downsize your house? Think again!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...2024-12-2315 minRetirement Answers TodayIs this the future of healthcare?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 r...2024-12-1633 minRetirement Answers TodayAnimal Instincts vs. Financial Strategy: Who Wins?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...2024-12-0923 minRetirement Answers Today2024 Year End Financial ChecklistIn this episode, Jim Martin, financial advisor and founder of Martin Wealth Solutions, shares key financial tips for end-of-year planning. Reflecting on a recent trip to Iceland, Jim highlights the importance of preparation in both travel and financial planning. Key topics include maximizing retirement account contributions, updating emergency funds for inflation, ensuring required minimum distributions (RMDs) are taken, monitoring holiday spending, and setting personal and financial goals for 2025. Tune in for actionable advice to set yourself up for a prosperous new year.
http://taxgpa.com 2024-12-0215 minRetirement Answers TodayThe Pros and Cons of a Financial Freedom AccountIn 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...2024-11-2515 minRetirement Answers TodayIs the 60/40 portfolio right for your retirement?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...2024-11-1821 minRetirement Answers TodayShould you use AI to replace your advisor?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...2024-11-1115 minRetirement Answers TodayAre you on-track for your retirement? Learn how you stack up against your peers.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...2024-11-0429 minRetirement Answers Today"Die Broke" - Is this the right financial planning philosophy for you?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...2024-10-2821 minRetirement Answers TodayThe Simplest Way to Build Wealth and Enjoy RetirementIn this episode, Jim Martin, a financial advisor and founder of Martin Wealth Solutions, shares key insights on creating wealth for retirement. While reflecting on a trip to ACE Lake with his son and friends, Jim delves into the most fundamental principles of wealth-building: spending less than you earn, automatic and consistent investing, and maintaining patience and discipline. He emphasizes understanding debt, distinguishing between necessary and high-risk debts. Jim's engaging narrative includes personal anecdotes and outlines steps for financial planning, geared especially towards retirement-aged Americans. Visit planwellretirehappy.com for more resources and advisory services tailored to your retirement needs.2024-10-2113 minRetirement Answers TodayMaximizing the Benefits of Health Savings Accounts (HSAs) in RetirementIn this episode, financial advisor Jim Martin explores the significance of Health Savings Accounts (HSAs) for retirement planning. He discusses the tax advantages HSAs offer, including tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. Jim outlines how HSAs can serve as a healthcare cost buffer in retirement and emphasizes the importance of investing HSA funds for long-term growth. He also compares HSAs with other retirement accounts like IRAs and 401(k)s and highlights common pitfalls to avoid when managing an HSA, such as not keeping receipts or investing funds. The episode encourages retirees to consider HSAs...2024-10-1413 minRetirement Answers TodayTop Three Financial Mistakes to Avoid for Retirement SuccessIn this episode, Jim Martin, founder of Martin Wealth Solutions, shares key insights from his recent conversations with clients about avoiding common pitfalls on the road to financial independence. He emphasizes the importance of overcoming procrastination, managing emotions when making financial decisions, and being cautious about whose advice you take. Jim also discusses practical strategies to maintain focus and highlights the value of seeking advice from reputable, fiduciary planners.
00:00 Introduction and Recent Travels
01:43 Avoiding Procrastination
08:01 Managing Emotions in Financial Decisions
13:46 Choosing the Right Financial Advisor
19:39 Conclusion and Final...2024-10-0720 minRetirement Answers TodayNavigating Life Insurance: Ensuring Financial Security for Your FamilyIn this episode, financial advisor Jim Martin shares essential insights on life insurance, its primary functions, costs, and the types suitable for different situations. He discusses income replacement, estate tax concerns, and fulfilling specific legacy goals, providing practical advice for selecting the right policy. Learn how life insurance can be leveraged for long-term care and the importance of understanding commissions. Perfect for retirees looking to secure their financial future and protect their families.
http://retiresmartscore.com 2024-09-3022 minRetirement Answers TodayWant to maintain your lifestyle in retirement? Start preparing now!In this episode, financial advisor Jim Martin from Martin Wealth Solutions dives deep into crafting the ideal retirement plan. Jim discusses the various lifestyle choices people envision for their retirement, ranging from globe-trotting adventures to modest, home-based routines. Learn how to prioritize your expenses and understand the phases of retirement - the go-go years, slow-go years, and no-go years - to ensure you have a solid financial plan in place. Jim also provides insights into budgeting, managing lifestyle creep, and how to prepare for a financially secure future. Whether you’re just starting to think about retirement or are ne...2024-09-2520 minRetirement Answers Today5 Game-Changing Lessons for Retirement SuccessIn this episode, financial advisor Jim Martin shares valuable insights on essential life lessons for successful retirement planning. He discusses the importance of carefully selecting your financial advisor, investing based on your age, knowing your financial numbers, avoiding overconfidence, and always considering possible mistakes. Jim emphasizes the significance of long-term planning and the expertise required to navigate retirement successfully. Tune in to learn how to avoid common pitfalls and set yourself up for a secure financial future.
00:00 Introduction: Life's Hard Lessons
00:27 The Importance of Retirement Planning
01:34 Lesson 1: Be Careful Who You Tak...2024-09-1623 minRetirement Answers TodayShould you invest 100% of your money in stocks?Should You Invest 100% in Equities? Exploring the Risks and Benefits. In this episode, financial advisor Jim Martin from Martin Wealth Solutions delves into the debate of investing 100% in equities. He addresses common misconceptions, explains why this strategy may not be suitable for retirees, and discusses the importance of a diversified investment strategy. Jim highlights the risks associated with relying solely on the stock market for returns, especially during market downturns, and provides insights into creating a balanced portfolio tailored to individual risk tolerance and time horizons. The episode emphasizes the need for emergency funds and a thoughtful approach to retirement...2024-09-0920 minRetirement Answers TodayShould You Invest in Rental Properties for Retirement?In this episode of the podcast, financial advisor and founder of Martin Wealth Solutions, Jim Martin, dives into the world of real estate investments, specifically focusing on rental properties. He discusses the potential benefits such as steady income, appreciation, tax advantages, and diversification. However, he also highlights the challenges like initial investment costs, maintenance, management, market risk, and tenant and governmental issues. Jim draws on his experience and client conversations to provide a balanced view, helping listeners understand whether owning rental properties is the right decision for them. He emphasizes the importance of understanding all factors, including location, time...2024-09-0225 minRetirement Answers TodayOptimizing Your 401(k): A Guide to Smarter InvestingIn this episode, Jim Martin, a financial advisor and founder of Martin Wealth Solutions, explores the intricacies of 401k investing. He shares his journey from landing his first job to becoming a financial advisor and emphasizes the importance of planning for retirement early. This comprehensive guide covers crucial topics such as employer matches, the difference between traditional and Roth 401ks, investment strategies, the role of target date funds, and managing your portfolio to ensure diversification. Jim also touches on what to do with old 401ks and the benefits and risks associated with company stocks. Whether you're new to investing or...2024-08-2620 minRetirement Answers TodayCan you really save too much money for retirement?Can You Oversave for Retirement? Finding the Perfect Balance
In this episode, financial expert Jim Martin from Martin Wealth Solutions discusses the often-overlooked concept of 'oversaving' for retirement. He explores the potential pitfalls of saving too aggressively, such as sacrificing today’s joys for an uncertain tomorrow and the opportunity costs involved. Jim emphasizes the importance of balanced saving and spending, taking into account individual goals, life stages, and debt considerations. He also touches on the relevance of tax implications, estate planning, and professional financial advice in shaping a successful retirement strategy tailored specifically to your needs and lifestyle aspirations.
00:00 Intro...2024-08-1916 minRetirement Answers TodaySurviving Market Volatility: A Retiree’s Guide
Navigating Market Volatility: Mental Preparedness and Investment Strategies
In this episode, financial advisor Jim Martin from Martin Wealth Solutions discusses the nature of market volatility and how investors can mentally prepare and strategically respond to market downturns. This retirement planning episode is perfect if you are worried about the market
Drawing from personal anecdotes and professional experiences, he emphasizes the importance of maintaining a long-term perspective, understanding that market fluctuations are normal, and taking advantage of downturns through rebalancing, tax loss harvesting, and increasing contributions.
The episode aims to help listeners manage their emotions, adopt a resilient mindset, and make inf...2024-08-1215 minRetirement Answers TodayGetting your estate plan in order before you retire
In this episode, Jim Martin, a financial advisor and founder of Martin Wealth Solutions, discusses the importance of estate planning. He shares personal anecdotes, including a client's story of a poorly planned inheritance, and explains the differences between wills and trusts. Jim emphasizes the importance of consulting with an attorney and updating your estate plan regularly, especially after significant life changes. He also touches on topics such as minimizing taxes, protecting beneficiaries, and preparing necessary documents like advanced medical directives and powers of attorney.
http://retiresmartscore.com 2024-06-2525 minRetirement Answers TodayThe National Debt: What Retirees Need To KnowIn this episode, financial advisor Jim Martin discusses the ins and outs of the national debt and how it will potentially impact people's retirement plans
http://retiresmartscore.com 2024-05-2919 minRetirement Answers TodayMaximizing Your Retirement: The Ultimate 401(k) PodcastIn this episode, financial advisor Jim Martin covers everything you always wanted to ask but never did about your 401k. We'll discuss how to grow, protect, and enjoy your wealth on today's show.
http://retiresmartscore.com 2024-05-0925 minRetirement Answers TodayWhat to do when your net worth hits one million dollars plusIn this episode, financial advisor Jim Martin covers what to do after you are worth a million dollars. Growing your wealth to one million+ is a huge milestone but what do you do after? We'll discuss how to grow, protect, and enjoy your wealth on today's show.
http://retiresmartscore.com 2024-04-1217 minRetirement Answers TodayDo I really need a budget in retirement? Tips to make budgeting super simple!In this episode, financial advisor Jim Martin covers a simple process anyone in their 40s, 50s or 60s can follow to take control of their finances, supercharge their savings, and gain a sense of financial freedom.
http://retiresmartscore.com 2024-02-1218 minRetirement Answers TodayWhat do I do with my old 401k?In this episode, financial advisor Jim Martin discusses the various options available when dealing with an old 401k. He advises listeners who are unsure about what to do with their old 401k and want to make the right decision without making mistakes. Jim emphasizes the importance of understanding your goals and beginning with the end in mind when it comes to financial planning. He highlights the need to take into account your current financial situation, future goals, and the tax implications of different options.
http://retirewithmartin.com/ 2024-02-0518 minRetirement Answers TodayTaking Control of Your Financial Life: Strategies for Six Figure EarnersAre you a high income earner? In this episode of the Podcast, financial advisor Jim Martin shares valuable advice on how to take control of your financial life, even if you have a large income. Jim emphasizes the importance of understanding your financial situation, creating a budget, and tracking expenses. He also offers tips on building an emergency fund, paying off debt, setting financial goals, and starting to invest. Jim encourages listeners to make mindful financial decisions and seek professional guidance when needed. Whether you make $50,000 or $500,000 a year, this episode provides practical tips to improve your financial health. D...2024-01-2923 minRetirement Answers TodayGen X Prosperity Blueprint: Planning for your retirement in your 50sIn this episode host Jim Martin, a financial advisor and founder of Martin Wealth Solutions, explores the financial challenges faced by Generation X (Gen X) and offers strategies for achieving financial stability and freedom. Jim reflects on an article that highlighted the wealth gap and lack of financial support for Gen X, leading him to create this episode to share ideas and tips for financial success. He emphasizes the importance of taking an appraisal of one's net worth and understanding retirement goals. Jim encourages listeners to assess their assets and debts to determine their net worth. By subtracting debts f...2024-01-2125 minRetirement Answers Today5 Steps to retire early!On this episode of our retirement podcast, Financial Advisor Jim Martin, discusses 5 steps you can take to retire earlier than you thought possible.
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2024-01-1525 minRetirement Answers TodayBuilding a stress free retirement planOn this weeks retirement podcast, Financial Advisor Jim Martin, talks about common concerns and stresses retirees have and how to avoid them.
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2023-06-0455 minRetirement Answers TodaySmart ways to create more income in retirementOn this weeks retirement podcast, Financial Advisor Jim Martin, discusses cash flow and how to create more income in retirement.
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2023-05-1555 minRetirement Answers TodayWays to reduce the risk of running out of money in retirement.On this weeks retirement podcast, Financial Advisor Jim Martin, discusses how people approaching retirement can build an income plan and help reduce the risk of running out of money in retirement.
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2023-03-2755 minRetirement Answers TodayWhere should you stash your retirement cash?On this weeks retirement podcast, Financial Advisor Jim Martin, ways and places you can stash your retirement cash and savings.
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2023-03-1355 minRetirement Answers Today5 New Savings and Tax Rules you need to know!On this weeks retirement podcast, Financial Advisor Jim Martin, discusses 5 new savings and tax rules you need to know.
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2023-02-2055 minRetirement Answers TodayTop mistakes people make when planning for retirement and how to avoid them.On this weeks retirement podcast, Financial Advisor Jim Martin, discusses the retirement the top mistakes people are making when planning for retirement and how to avoid them.
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2023-01-3055 minRetirement Answers TodayHow much do you need to save to retirement comfortably?On this weeks retirement podcast, Financial Advisor Jim Martin, discusses the retirement income planning and how to make sure you are saving enough to retire comfortably.
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2023-01-1655 minRetirement Answers TodayThe retirement redzone: Making sure you are ready for retirementOn this weeks retirement podcast, Financial Advisor Jim Martin, discusses the retirement redzone and what pre-retirees can do right now to make sure they are ready for retirement.
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2022-12-1955 minRetirement Answers TodayHow to retire by at least 65 and retire on your terms.On this weeks retirement podcast, Financial Advisor Jim Martin, retiring on your terms and by at least 65. Take control of your retirement today.
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2022-12-1156 minRetirement Answers TodayStrategies to reduce your taxes in retirement.On this weeks retirement podcast, Financial Advisor Jim Martin, covers strategies to potentially lower your taxes in retirement.
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2022-11-2855 minRetirement Answers Today5 Important questions to ask about inflationOn this weeks retirement podcast, Financial Advisor Jim Martin, discusses the ever changing landscape of retirement and how you can prepare your retirement. Inflation is at record high's. Are you planning ahead?
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2022-11-2155 minRetirement Answers TodayRetirement is changing for 2023. Are you ready?On this weeks retirement podcast, Financial Advisor Jim Martin, discusses the ever changing landscape of retirement and how you can prepare your retirement for 20203;
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2022-11-1454 minRetirement Answers TodayInvestment strategies to consider before and during retirementOn this weeks retirement podcast, Financial Advisor Jim Martin, discusses the investment strategies to consider as you approach retirement.
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2022-11-0755 minRetirement Answers TodayGet ready for a HUGE Social Security increase for 2023On this weeks retirement podcast, Financial Advisor Jim Martin, discusses the social security increase set to take effect for 2023 and how it will effect retirees. Inflation is helping drive the increase and how to help navigate through up and down markets and retirement concerns.
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2022-10-3156 minRetirement Answers TodayIs your 401k a tax time bomb?On this weeks retirement podcast, Financial Advisor Jim Martin, discusses the why your 401k might cause you more headaches in retirement than you had planned on.
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2022-10-2455 minRetirement Answers TodayHow to retire on your terms, when you want!On this weeks retirement podcast, Financial Advisor Jim Martin, discussed retirement and how to retire on your terms, when you want.
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2022-10-1756 minRetirement Answers Today7 ways to fight inflation in your retirement planOn this weeks retirement podcast, Financial Advisor Jim Martin, discusses 7 ways to fight inflation in your retirement plan. We also discuss how to prepare for rising taxes.
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2022-10-1056 minRetirement Answers TodayThe Secure Act 2.0 - How will your retirement change?On this weeks retirement podcast, Financial Advisor Jim Martin, discusses the Secure Act 2.0 and how it might change your retirement forever.
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2022-10-0354 minRetirement Answers TodayRetirement Radio: Questions to ask before you retireOn this weeks retirement podcast, Financial Advisor Jim Martin, talks about the big questions retirees are asking before they retire.
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2022-09-1255 minRetirement Answers TodayIs it smart to prepay funeral expenses?On this weeks retirement podcast, Financial Advisor Jim Martin, talks about the pros and cons of prepaying funeral expenses and gives some insight into what might be the right decision for you.
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2022-08-2929 minRetirement Answers TodayDoes a Roth Conversion make sense?On this weeks retirement podcast, Financial Advisor Jim Martin, talks about roth conversions and when investors should consider one.
Visit our website at: www.retirementanswerstoday.com or: www.planwellretirehappy.com
2022-08-2220 minRetirement Answers TodayDo you need gold in your investment portfolio?On this weeks retirement podcast, Financial Advisor Jim Martin, talks about holding gold in your IRA and investment portfolio.
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2022-08-1517 minRetirement Answers TodayWhy is the Fed raising interest rates and how will it impact my retirement plan?On this weeks retirement podcast, Financial Advisors Jim Martin and Sam Benson, discuss why the Federal Reserve is raising interest rates and what it means to your retirement plan. You can also view this on YourTube at the address below:
Watch on YouTube: https://youtu.be/kvzyUZbD9zU
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2022-08-0819 minRetirement Answers TodayTravel or Save for retirement? Why not both!On this weeks retirement podcast, Financial Advisor Jim Martin, discusses the age of question.. should I travel or save for retirement? Why not have your cake and eat it too.
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2022-08-0120 minRetirement Answers TodayStarting over and saving for retirement after a divorce or being widowedOn this weeks retirement podcast, Financial Advisor Jim Martin, discusses how to start over if you've been widowed or have went though a divorce or just need to get started in general.
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2022-07-2518 minRetirement Answers TodayI’m 62 and have saved $750,000 - Can I retire?On this weeks retirement podcast, Financial Advisors Jim Martin and Justin Swisher, discuss a hypothetical scenario on a 62 year old that has saved $750,000. The run a live financial plan to see if they can retire. You can also view this on YourTube at the address below:
Watch on YouTube: https://youtu.be/kvzyUZbD9zU
Visit our website at: www.retirementanswerstoday.com
2022-07-1830 minRetirement Answers TodayHow much money should I keep in cash?On this weeks retirement podcast, Financial Advisor Jim Martin, discusses how much money investors and retirees should keep in cash and the importance of retirement planning.
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2022-07-1116 minRetirement Answers TodayHow to get started investing and saving for retirement.On this weeks retirement podcast, Financial Advisor's Jim Martin and Justin Swisher, discuss how to get started investing and saving for retirement. If you are a fan of Dave Ramsey you'll notice we cover many of his baby steps.
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2022-07-0420 minRetirement Answers TodayShould I Invest in Dividend Stocks?On this weeks retirement podcast, Financial Advisor Jim Martin, talks about dividend investing and if it might be right for you. Are they a good source of retirement income and how do they work.
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2022-06-2720 minRetirement Answers TodayAm I going to lose everything in the market?On this weeks retirement podcast, Financial Advisor's Jim Martin and Sam Benson, discuss how investors should react when the market declines and what steps they can take to stay on track and reach their goals.
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2022-06-2024 minRetirement Answers TodayRetirement Tax Saving Strategies for investorsOn this weeks retirement podcast, Financial Advisor Jim Martin, discusses what retirees, investors, and pre-retirees should do to get ready if / when taxes rise. If you have concerns about rising taxes, this retirement planning episode is for you.
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2022-06-1323 minRetirement Answers TodayShould I invest when the market is going down?On this weeks retirement podcast, Financial Advisor Jim Martin, discusses if investors should invest while the market is going down? Should investors roll over their 401k or wait for a better time? Visit our website at: www.retirementanswerstoday.com
2022-06-0610 minRetirement Answers TodayWhat is a Roth IRA and do you need one? [Episode 16]A Roth IRA can be a great tool to help you get to where you want to be, come retirement. Many people do the bare minimum when planning for retirement, but there are so many options to consider when deciding where to put your retirement savings. A Roth IRA can be a great asset in your retirement plan by offering you a plethora of benefits.
Roth IRAs are the vehicle to help you invest the money you save for retirement. However, what makes Roth IRAs so incredible is that your earnings grow tax-free, which is a great...2020-08-2420 minRetirement Answers TodayShould I take a lump sum or cash out pension benefit? [Episode 15]Is it a good idea to take a lump sum out to pay off a car or house?
If you took your money outside of your pension plan, could its growth do better?
On today’s episode of the Retirement Planning Podcast, Jim talks about cash out pensions, otherwise known as lump sum pensions. Pensions are thought to be a thing of the past, but they can be pretty great! Jim explains why companies offer cash out pensions, why they don’t, and he even divulges the top 5 things to consider before...2020-08-1719 minRetirement Answers TodayHow Much Money You Should Save for Retirement [Episode 14]People talk about the importance of saving money all the time. It’s one of the biggest financial tips parents instill in their children and a recurring investment throughout our lives. But even though we talk about saving for retirement so often, we never really define what that magical number is that we should set as our goal for retirement.
Welcome back to the Retirement Planning Guy Podcast where any and all retirement questions get answered! Today, the big question I answer is, “How much money should I save for retirement?”. This question can be difficul...2020-08-1020 minRetirement Answers TodayCreate Your Own Retirement Checklist [Episode 13]Planning for retirement can get overwhelming really quickly! Before you get into the weeds of retirement planning, stop, and get organized first.
Using a checklist can be a helpful tool to keep you on track, move forward, and accomplish what you need to get done. Implementing a retirement checklist will help you ensure that you and your financial advisors are staying on track and allowing you to plan well and retire happy!
I share the ten (or more) key marks that you should definitely have on your retirement planning checklist. I ex...2020-08-0324 minRetirement Answers TodayDo I need life insurance in retirement? [Episode 12]Let’s talk life insurance! Yes, I said it. Today I’m breaking the silence and we’re talking about the taboo topic of life insurance.
So many people ask me about life insurance and want to know whether it’s something they should have, what kind to have, and all the nitty-gritty details. Today on the Retirement Planning Guy podcast, I’m here to answer all your life insurance questions!
There are a lot of different types of life insurance, so I walk through all the many types and help clarify what...2020-07-2721 minRetirement Answers TodayHow to teach your kids and grandkids about money. [Episode 11]Have you taught your kids or grandkids about money? It’s so important to understand money and be comfortable managing your money. Once you understand it, it’s time to teach your children and grandchildren how to handle their money in smart ways, as well.
This episode reveals the importance of having a strong familiarity with money and why it is so critical to grasp. Jim goes through the top seven things to help you teach your kids and grandkids how to manage, save, and comprehend money.
Jim discusses the value of mon...2020-07-2023 minRetirement Answers TodayShould you downsize your home in retirement? [Episode 10]So, you’ve retired—congrats! You’ve got time on your hands and way too much space. Let’s talk downsizing!
Downsizing can be a liberating experience—especially when you no longer have to worry about cleaning and maintaining a big house. Plus, downsizing can help you flush out the old and start fresh! But beyond the day to day perks of downsizing, there are some great advantages of downsizing that can help you financially, as well.
Jim lays out all of the financial benefits of downsizing that are definitely things to consider. Jim details why these...2020-07-1321 minRetirement Answers TodayRetiring after being laid off: How to decide if you are retirement ready [Episode 9]Laid off? Hearing the words “you’re fired” can be very scary. They are words no one ever wants to hear, are often unprepared for.
So, is it possible to retire after being laid off?
Being laid off stinks. It knocks you down and sucker punches you. Hard. There are a lot of things to consider if you’re ever in that situation and even more so if you’re planning for retirement. Here’s the thing though: if you’ve planned, even a little bit, for retirement, you’re going to be okay.
Jim, having be...2020-07-0622 minRetirement Answers TodayFinding the Right Financial Advisor [Episode 8]How do you find the right financial advisor for you? This question is so common, but the answer is often unknown. If you’re passionate and willing to invest the time and energy into learning and nurturing your own finances, then you don’t need a financial advisor telling you what you already know. But for those of us that aren’t as knowledgeable, it’s imperative to do your homework when it comes to finding a financial advisor that puts you and your financial goals first.
To truly discover the best financial advisor for you, there are seve...2020-06-2921 minRetirement Answers TodayRetire AWESOME! How to plan your dream retirement and discover financial freedom. [Episode 7]Do you want to have fun and live in financial freedom in retirement? Well, good news—you can!
We see people all around us that are living it up in retirement, and we strive to achieve the same happiness when we retire. But then we get stuck on how to get there. Financial freedom is the name of the game, especially in retirement! So, Jim cuts through the white noise of cliché financial tips that are too often said but have little substance to get us moving in the right direction and away from worrying about money.
2020-06-2219 minRetirement Answers TodayTop 3 Retirement Mistakes [Episode 4]No one likes to fail—especially when it comes to retirement. Jim digs into the nitty-gritty of retirement mistakes that he sees so many people make and outlines the steps to follow and plans you need to have in place to avoid them and retire without regrets. You may be eager to retire but pump the breaks and educate yourself first so that you aren’t scrambling to make ends meet later. Jim explains why three key mistakes can wreak havoc on your plans for retirement. He shares insight on the biggest mistake that people make in retirement: not havin...2020-05-2523 minRetirement Answers TodayRetire Early: The Real Story [Episode 3]So many of us are working towards retirement, but never entertain the idea of early retirement because it seems unattainable. The truth is, retirement, and–even more so—early retirement takes a lot of work and serious planning. In this episode, Jim helps navigate the road to early retirement and clearly outlines the steps we need to take in order to reach our goal of retiring early.
Some are lucky enough to come into money that allows them to fall into early retirement comfortably without have to work hard to earn and save for it. For those that...2020-05-2523 minRetirement Answers TodayHow Much Money Will You Need to Retire? [Episode 1]In the very first episode of the Retirement Planning Guy podcast, Jim dives in to answer the age-old question, “How do I reach my retirement savings goals?” This question can be daunting, and we often find ourselves chasing this elusive “magic number” of savings without really understanding what it is and how to achieve this retirement goal. Jim brings to light the idea that there isn’t a “magic number.” He uncovers that, on the contrary, everyone will have different retirement goals because everyone has different priorities and lifestyles. Through his simple retirement calculator and clearly outlined steps, Jim helps you tack...2020-05-2520 min