In this episode of the Retirement Early podcast, financial advisors and retirement planners Linwood Fraher and Sam Benson explore strategies for managing unexpected windfalls, such as lottery winnings, inheritances, or the sale of a business. They discuss the pitfalls and challenges that can come with sudden wealth, including increased requests for money from friends and family, lifestyle inflation, and potential financial mismanagement. The hosts emphasize the importance of seeking advice from financial professionals, including attorneys, tax advisors, and financial planners, to ensure the money is managed wisely and can contribute to a secure future. They also share real-life examples of both successful and unfortunate cases of windfall management, providing listeners with valuable insights on how to best handle a sudden increase in wealth.

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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 Retire Early Podcast, financial advisors and retirement planners Linwood Fraher and Sam Benson of Martin Wealth Solutions unpack the basics of annuities. They discuss the different types of annuities, including single premium immediate annuities, fixed annuities, fixed indexed annuities, and variable annuities, and highlight important considerations for each. Listeners will learn about the benefits, potential drawbacks, and key details to watch out for when investing in annuities. The episode aims to equip future retirees with the knowledge to make informed investment decisions, ensuring they choose the best annuity products for their financial plan and avoid common pitfalls.

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

www.planwellretirehappy.com

Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

In this episode of the Retire Early Podcast, financial advisors and retirement planners Sam Benson and Linwood Fraher discuss the crucial topic of long-term care and adult daycare. They delve into various aspects of long-term care, including what it is, who needs it, and different ways to prepare for it financially. Key points include the costs associated with different types of long-term care, from in-home nursing to assisted living and memory care facilities, and how to financially plan for these expenses. They also explore the strategy of self-insuring versus purchasing long-term care insurance or utilizing Medicaid. The episode emphasizes the importance of having a comprehensive financial plan to ensure you and your loved ones are protected in the event of needing long-term care.

https://www.carescout.com/cost-of-care <- Referenced article http://retirewithmartin.com/ <- Learn about working with us

www.planwellretirehappy.com

Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.