Retire Smart: The First-Year Retirement Checklist

Smart Wealth and Retirement

In this episode, financial advisors and retirement planners Jim Martin & Casey Bibb of Martin Wealth Solutions reveal the five critical moves every new retiree should make in their first year. From building a retirement paycheck and spending plan to evaluating tax strategies and updating estate documents, Jim and Casey offer practical steps to help retirees transition with confidence and clarity. Plus, they share powerful client stories, emotional insights, and tips for creating purpose and joy in your new lifestyle. If you're newly retired—or getting close—this episode is your roadmap for year one.
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00:00 Welcome and Episode Intro
01:18 Replacing Your Paycheck with Purpose
03:10 How to Build a Tax-Efficient Retirement Paycheck
06:04 Planning for the Surviving Spouse
07:55 Creating a Spending Plan in Retirement
10:45 Understanding Fixed, Flexible, and Fun Expenses
13:18 Client Story: From One Cruise to Two
16:03 Avoiding Overspending in Year One
17:50 Evaluating Your Tax Strategy
21:22 The Power of Roth Conversions and RMD Planning
24:01 Estate and Healthcare Planning in Retirement
27:48 Why End-of-Life Planning Is a Gift
30:11 Retirement Isn’t Just Financial—It’s Emotional
33:17 Finding Purpose and Passion Post-Retirement
36:04 Client Story: From Boredom to Fulfillment
38:15 Listener Q&A: Social Security and Overspending
41:12 The Value of Flexibility and Having a Guide
43:00 Final Thoughts and C.S. Lewis Wisdom
44:02 Thanks for Listening and How to Connect
Disclaimer:
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.