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.
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.
https://www.morningstar.com/personal-finance/100-must-know-statistics-about-long-term-care-2023-edition
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
00:00 Reflecting on the Past Year
00:39 New Year's Resolutions
03:16 Top Financial Resolutions
07:21 Emergency Funds and Unexpected Expenses
09:57 Optimizing Social Security and Medicare
11:54 Aligning Investments with Retirement Goals
15:10 Introduction to Long Term Care
16:15 The High Cost of Long-Term Care
17:35 Medicare and Long-Term Care: The Reality
18:53 Financial Planning for Long-Term Care
21:13 Insurance Options for Long-Term Care
24:40 Life Insurance Hybrid Option Explained
27:13 Personal Stories and Travel Plans
30:40 Final Thoughts and Disclaimers
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