Saturday State of Mind

029: The Nathan Carman Story: A Great Estate Plan Ends in Tragedy with Liz Nolin

After building generational wealth and creating trusts, you expect to leave a lasting legacy and provide for your beneficiaries. But today’s episode reveals how even the best intentions can unravel in ways no estate documents can prevent. We’re thrilled to welcome back attorney Liz Nolin of Nolin Law to discuss the Nathan Carman case—a chilling and unsettling New England story where money, mental health, and inheritance collide. Liz shares the real events involving the unsolved murder of Nathan’s grandfather, the disappearance of his mother at sea, and the family’s legal battle over a multi-million-dollar estate, illustrating how even the best-drafted estate documents can’t control human behavior. Ultimately, this episode highlights the main lesson: even the most carefully planned estate documents cannot control the unpredictable nature of human behavior. We’ll discuss how anticipating emotional conflict is essential, and why it’s critical to consider how money might affect your family in difficult times, both positively and negatively, before deciding what legacy to leave behind.  KEY TAKEAWAYS:  * The Tragic Real Life Case of Nathan Carman * Nathan Inherites 6 Figures from His Grandfather * A Fishing Trip with Nathan’s Mom Ends in Tragedy * Suspicions Around Two Family Deaths Arise * Nathan Carman Is Found Dead In Prison * A Great Estate Plan Doesn’t Solve Everything * How An Inheritance Creates Bigger Problems SHOW NOTES Get full access to the show notes and resources mentioned by visiting: https://arcadia.financial/nathan-carman-story [https://arcadia.financial/nathan-carman-story] DISCLOSURE: Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and the state of New Hampshire. The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes. Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation. Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.

028: How Couples Can Avoid Conflict in Retirement with Mike and Jessica Panico

Retirement is often thought of as a dream season of life—but what happens when couples have different visions of what that dream looks like? Whether it’s disagreements about spending, travel, or simply how one person is more active than the other, these differences can quickly escalate from small frustrations into ongoing tension. In this episode, we explore how couples can navigate conflict and find alignment before and during retirement. From the spender-versus-saver dynamic to staggered retirement dates, these issues often start—not about money—but with a lack of communication.  With proper planning and open communication, retiring spouses will have a better understanding of each other’s goals and expectations, can make more informed decisions about when to retire, how to manage their finances, and what kind of lifestyle they want to create together. By having these conversations early, you’ll be able to make the most of this next chapter together. KEY TAKEAWAYS:  * The Real Source of Conflict in Retirement * Why Communication Is More Important Than Money * When One Spouse Wants to Retire Before the Other * Making Compromises as a Spender vs Saver * How Financial Advisors Help Mediate & Bridge the Gap SHOW NOTES Get full access to the show notes and resources mentioned by visiting: https://arcadia.financial/how-couples-can-avoid-conflict-in-retirement [https://arcadia.financial/how-couples-can-avoid-conflict-in-retirement] DISCLOSURE: Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and the state of New Hampshire. The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes. Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation. Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.

027: The Hidden Costs of Retiring Early with Mike and Jessica Panico

Retiring early might sound like a great idea to those who are in a position to do so, but most people don’t realize that there are hidden costs associated with making that decision. From outrageous healthcare premiums to the cost of claiming Social Security early, there are significant expenses that can erode the nest egg that you’ve worked so hard to create. Today, we’re exploring the lesser-known financial and emotional realities that come with leaving the workforce before the age of 65. We’ll explain why most people underestimate just how much longer their money needs to last if they retire even a few years early and how the gap before Medicare eligibility can become a significant monthly expense. We also discuss the psychology of money and how drawing on savings instead of relying on a paycheck or Social Security alters the way people think and spend their money. Early retirement can be a reality, but having a financial plan that accounts for these additional expenses can reduce stress, allowing you to enjoy your retirement years instead of worrying about whether you have enough to make it through. KEY TAKEAWAYS:  * Why the Average Retirement Age is Getting Younger * The Emotional Burnout That Pushes People to Retire Early * The Hidden Costs of Healthcare Before Age 65 * How Retiring Early Impacts Social Security Benefits * The Psychological Impact of Spending Your Nest Egg Early SHOW NOTES Get full access to the show notes and resources mentioned by visiting: https://arcadia.financial/hidden-costs-of-retiring-early [https://arcadia.financial/hidden-costs-of-retiring-early] DISCLOSURE: Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and the state of New Hampshire. The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes. Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation. Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.

026: How A Financial Planner Helps you Prepare for Taxes in Retirement with Mike and Jessica Panico

When most pre-retirees begin preparing for retirement, they often assume their income tax bills will be lower in the future. Which is a fair assumption because if the regular paychecks stop, then the taxes owing should be lower, right? But that’s not always the case. In this episode, we’re breaking down why that assumption doesn’t apply to everyone and how taxes can quietly sneak back into your life if you’re not prepared. We’ll explain the difference between tax preparation and tax planning, and why filing your taxes once a year isn’t the same as creating a long-term strategy to protect your wealth. We also discuss why today’s “permanent” tax cuts are not guaranteed to remain in place forever and how rising rates could affect retirees in the years ahead. We also discussed how Social Security and required minimum distributions (RMDs) can impact Medicare surcharges and how much money you actually get to keep from Uncle Sam. KEY TAKEAWAYS:  * The Difference Between Tax Preparation and Tax Planning * Why Taxes in Retirement Can Sneak Up on You * How RMDs Can Trigger Higher Taxes and Penalties * The “Hydra” Effect of Taxes * How Proactive Planning Helps Keep More of Your Money SHOW NOTES Get full access to the show notes and resources mentioned by visiting: https://arcadia.financial/financial-planner-taxes-in-retirement [https://arcadia.financial/financial-planner-taxes-in-retirement] DISCLOSURE: Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and the state of New Hampshire. The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes. Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation. Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.

025: A Second Chance at Love & Living a Purposeful Life with Jim and Vicki Gotay

Have you ever felt like you knew someone pretty well, and then sat down with them in a different setting, only to be blown away by how much you didn’t know? That’s what happened to us when we sat down with Jim and Vicki Gotay. If we had to pick a theme for this episode, it would be about the beauty and power of second chances. And Jim and Vicki Gotay’s story is a testament to their resilience and faith in making an impact with their lives to create better outcomes for others.  Whether it’s building orphanages in Central America to give second chances to kids who’ve barely had a first chance in this world or volunteering in their local community, they’ve made it their mission to live each day with intention and give back to those who are less fortunate. Their journey together is nothing short of remarkable. Their second chance at love has been a partnership built on a shared calling to do more and serve others. From overcoming hardships in childhood and early adulthood to finding true happiness with each other, Jim and Vicki’s story is beyond moving and inspiring. In this episode, they open up about their experiences with mission work, the lessons it’s given them about perspective and gratitude, and their hopes for the future in retirement. They share how faith guides every step they take and what it means to leave not just a legacy, but a living legacy—not one that impacts only their children and grandchildren, but also their community and others around the world. KEY TAKEAWAYS: * A Retirement Shaped by Service and Volunteer Work * Discovering Their Calling On Their First Mission * Eye-Opening Experiences Serving in Guatemala & Jamaica * How Mission Work Gives a New Perspective on Life * Becoming a Mama and Papa Bear to Orphans * Grappling with Leaving Communities Behind After Missions * How Jim & Vicki First Met  * Vicki’s Journey Through Loss and Finding Love Again * Second Marriages, Parenting, and Learning from the Past * Childhood Challenges, Foster Care, and Choosing Joy * Jim’s Military & Special Forces Years * Overcoming Bankruptcy, Career Struggles, and Rebuilding * Finding Trust in a Financial Advisor and Peace of Mind * What Jim & Vicki’s Ideal Saturday Looks Like SHOW NOTES Get full access to the show notes and resources mentioned by visiting: https://arcadia.financial/jim-vicki-gotay [https://arcadia.financial/jim-vicki-gotay] DISCLOSURE: Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and the state of New Hampshire. The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes. This episode features a client engaged with Arcadia as of this recording, who is sharing their personal experience. Their opinions are their own and do not necessarily reflect the views of Arcadia. This client received a token of appreciation of nominal value for their participation. They were not promised or provided additional compensation, preferential treatment, or investment advice for appearing. Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation.  Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.