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Smart Wealth and Retirement is your go-to podcast for clear, actionable guidance to build your dream retirement. Hosted by experienced Dave Ramsey SmartVestor Pros, each episode simplifies the complexities of retirement planning and wealth management, giving you strategies you can confidently implement today.
Whether you’re nearing retirement or already there, we’ll cover crucial topics such as creating sustainable retirement income, managing taxes strategically, making smart investment decisions, maximizing your Social Security benefits, and much more.
Our goal is simple: help you achieve financial clarity and peace of mind, so you can spend retirement focused on what truly matters. Tune in weekly to get straightforward advice, timely insights, and practical answers to your biggest retirement questions.
It’s time to secure your financial future—start listening to Smart Wealth and Retirement and make informed decisions that help you retire with confidence.
Episodes
Monday Oct 28, 2024
Monday Oct 28, 2024
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
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.
Monday Oct 21, 2024
Monday Oct 21, 2024
In 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.
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
00:00 A Day at ACE Lake
00:35 The Best Decade of Music
01:36 The Simplest Way to Create Wealth
03:13 Spend Less Than You Earn
05:15 Automatic Investing
07:09 Be Patient and Stay Disciplined
08:49 Understanding Debt
12:19 Final Thoughts 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.
Monday Oct 14, 2024
Monday Oct 14, 2024
In 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 as a part of their financial plan to efficiently cover healthcare expenses in retirement.
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
00:00 Introduction and Importance of Health Care Decisions
01:10 Understanding HSAs: Definition and Eligibility
01:58 Tax Advantages of HSAs
02:35 Using HSAs for Retirement Health Expenses
03:34 Contribution Limits and Strategic Planning
06:22 Investing HSA Funds for Long-Term Growth
08:13 Comparing HSAs with Other Retirement Accounts
10:04 Common Mistakes and Pitfalls to Avoid
12:13 Conclusion and Final Thoughts
13:01 Disclaimer and Legal Information
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.
Monday Oct 07, 2024
Monday Oct 07, 2024
In 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 Thoughts
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
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.
Monday Sep 30, 2024
Monday Sep 30, 2024
In 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 <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
00:00 Introduction and Personal Story
01:18 Understanding Life Insurance
02:16 Reasons to Consider Life Insurance
08:48 Types of Life Insurance
11:46 Estate Tax Issues and Life Insurance
16:27 Life Insurance for Charitable Giving
19:26 Long-Term Care and Hybrid Policies
21:14 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.
Wednesday Sep 25, 2024
Wednesday Sep 25, 2024
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 nearing it, this episode is packed with valuable advice to help you retire happy.
http://retirewithmartin.com/ <- Learn about working with Jim
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.
Monday Sep 16, 2024
Monday Sep 16, 2024
In 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 Take Advice From
06:56 Lesson 2: Invest Your Age
09:37 Lesson 3: Know Your Numbers
12:06 Lesson 4: Don't Get Overconfident or Greedy
18:20 Lesson 5: What Are You Missing?
21:13 Conclusion and Recap
21:56 Outro and Disclaimers
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
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.
Monday Sep 09, 2024
Monday Sep 09, 2024
00:00 Introduction to Market Investment Strategy
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
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.
Monday Sep 02, 2024
Monday Sep 02, 2024
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 commitment, financial stability, and exit strategy before diving into the real estate market.
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
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.
Monday Aug 26, 2024
Monday Aug 26, 2024
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
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.