Joe Murphy discusses the current economic landscape, focusing on the recent contraction of the US economy and its implications for retirees. He emphasizes the importance of understanding sequence of returns risk, especially during market downturns, and highlights the rising costs of healthcare and inflation as significant concerns for retirees. Joe also stresses the necessity of estate planning to ensure a smooth transfer of wealth and to avoid probate issues. Throughout the conversation, he provides practical strategies for navigating financial uncertainty and emphasizes the need for proactive planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.