A. Retirement Researcher, LLC (the "Firm") is a limited liability company formed in March 2018 in the Commonwealth of Virginia. B. The Firm is registered with the Securities and Exchange Commission as an investment adviser. The Firm is principally owned by Alejandro (Alex) Murguia, Robert French, Wade Pfau, Paula Friedman, and Dean Umemoto. As discussed below, the Firm offers to its clients online educational content designed to address a broad range of concepts, including general investment concepts and retirement planning; high-level investment consulting services; and solicitation activities regarding investments managed through affiliated and/or unaffiliated investment advisory firms. The firm also offers subscription-based access to its Membership Academy, a secure portal through which members can access a broad range of services described more fully below. In limited instances, to the extent specifically requested by a client, the Firm may provide limited consulting services to its clients regarding non-investment related matters that are generally ancillary to the other advisory activities provided, such as estate planning, tax planning, and insurance. ONLINE COURSES & WORKSHOPS The Firm provides online courses and workshops to educate clients on general investment strategies and related topics. The Firm's courses and workshops cover themes such as:
• Investment portfolio construction
• Retirement income distribution planning
• Financial planning strategies MEMBERSHIP ACADEMY The Firm's Membership Academy is a subscription-based platform that provides subscribers with access to numerous educational, informational, and cooperative activities and services. A Membership Academy subscription can include:
• Access to a secure online community, including a members-only forum for discussion of various topics of interest with other community members and professional advisers
• Unlimited access to the archived courses, workshops, and webinar recordings
• Access to the Portfolio Hot Seat: a recurring group discussion in which one Academy member submits investment portfolio allocations on an anonymous basis for analysis and discussion amongst the participants
• Discounts on certain financial planning services through affiliates (for annual subscriptions only)
• Access to interactive calculators to assist in determining retirement preparedness
• Access to the Retirement Income Style Awareness Profile® (the "RISA® Profile") (see Item 10 for further discussion) LIMITED CONSULTING The Firm provides general investment consulting services to the extent requested by clients. The advice is general in nature and may include guidance on asset allocation strategies and alternatives to achieve such strategies. The Firm's Limited Consulting services do not include investment supervisory or management services, or investment implementation. SOLICITATION ACTIVITIES In the event the client desires investment supervisory or management and/or insurance analysis services, the Firm shall recommend that the client engage the services of another investment adviser(s) ("Independent Manager(s)"), including Independent Manager(s) affiliated with the Firm, to be recommended by the Firm but neither supervised nor reviewed by the Firm. The Firm does not provide investment supervisory, investment management, investment reporting, or investment implementation services. The Firm acts in the capacity as solicitor when recommending other investment advisers and shall present a separate solicitor disclosure statement describing the nature of the relationship between the Firm, the Independent Manager(s) for which the Firm acts as solicitor, and the compensation arrangement. The terms and conditions under which the client shall engage the Independent Manager(s) shall be set forth in a separate written agreement between the client and the relevant Independent Manager(s). MISCELLANEOUS Limitation of Financial Planning or Non-Investment Consulting/Implementation Services. To the extent requested by the client, the Firm may provide limited consulting services regarding non-investment related matters, such as estate planning, tax planning, insurance, etc. Please Note: The Firm does not serve as an attorney or accountant, and no portion of our services should be construed as legal or accounting services. Accordingly, we do not prepare estate planning documents or tax returns. To the extent requested by a client, we may recommend the services of other professionals for certain non-investment implementation purposes (i.e. attorneys, accountants, etc.). You are under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation made by the Firm or its representatives. Please Note: If the client engages any unaffiliated recommended professional, and a dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from and against the engaged professional. When appropriate for a client, the Firm may recommend that the client engage the Firm's affiliated registered investment adviser, McLean Asset Management Corporation ("MAMC") for analysis of the client's insurance needs. This analysis could result in a recommendation to purchase commission-based insurance products, including through the Firm's affiliated insurance agency, McLean Insurance

Solutions, LLC ("MIS") and Firm representatives in their separate capacities as insurance agents. The recommendation that a client engage MAMC for an insurance analysis and/or purchase of an insurance commission product presents material conflicts of interest. Recommendations to use MAMC to conduct an insurance analysis could be made on the basis of compensation to be received by MAMC. Furthermore, the recommendation to purchase a commission-based insurance product provides an incentive to recommend insurance products based on commissions received rather than on a particular client's need. No client is under any obligation to engage MAMC for an insurance analysis or to purchase any commission products from MIS or any of the Firm's licensed insurance agents. Clients are reminded that they may purchase insurance products recommended by the Firm through other, non-affiliated insurance agents and agencies. Retirement Plan Rollovers – No Obligation / Potential for Conflict of Interest: A client or prospective client leaving an employer typically has four options regarding an existing retirement plan (and may engage in a combination of these options): (i) if permitted, leave the money in the former employer's plan, (ii) roll over the assets to the new employer's plan, if one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account ("IRA"), or (iv) cash out the account value (which could, depending upon the client's age, result in adverse tax consequences). If the Firm recommends that a client roll over their retirement plan assets into an account to be managed by an Independent Manager, such a recommendation creates a conflict of interest if the recommended Independent Manager is an affiliate of the Firm. No client is under any obligation to roll over retirement plan assets to an account managed by an Independent Manager. The Firm's Chief Compliance Officer remains available to address any questions that a client or prospective client may have regarding the potential for conflict of interest presented by such rollover recommendation. ERISA / IRC Fiduciary Acknowledgment. When the Firm provides investment advice to a client regarding the client’s retirement plan account or individual retirement account, it does so as a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. The way the Firm makes money creates some conflicts with client interests, so the Firm operates under a special rule that requires it to act in the client’s best interest and not put its interests ahead of the client’s. Under this special rule's provisions, the Firm must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put its financial interests ahead of the client’s when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that the Firm gives advice that is in the client’s best interest;
• Charge no more than is reasonable for the Firm’s services; and
• Give the client basic information about conflicts of interest. Membership Academy - Interactive Calculators. To the extent that any client or prospective client utilizes any economic calculator or similar interactive device made available within the Firm's Membership Academy, the client acknowledges and understands that the information resulting from the use of any such calculator/device is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from the Firm, or from any other investment professional. Client Obligations. In performing its services, the Firm shall not be required to verify any information received from the client or from the client's other professionals and is expressly authorized to rely thereon. Moreover, each client is advised that it remains their responsibility to promptly notify the Firm if there is ever any change in their financial situation or investment objectives for the purpose of reviewing, evaluating, or revising the Firm's previous recommendations and/or services. Form ADV. A copy of the Firm's Form ADV Parts 2A (Disclosure Brochure), 2B (Brochure Supplement), and 3 (Client Relationship Summary) shall be provided to each client prior to, or contemporaneously with, the execution of an agreement between the Firm and the client for the provision of the services described herein. C. The Firm does not provide investment supervisory, investment management, investment reporting, or investment implementation services. The client may impose restrictions in writing on Independent Manager(s) considered for solicitation and on investing in certain securities or types of securities to the extent permitted by the solicited Independent Manager(s). The Firm will assess a client's individual circumstances prior to recommending the use of any Independent Manager(s). The Firm will tailor its recommendation to use any particular Independent Manager(s) based on an evaluation of the client's stated investment objectives and risk profile, as well as the management style, performance, reputation, financial strength, and pricing of the Independent Manager(s). D. The Firm does not participate in a wrap fee program. E. The Firm does not provide advisory services on a discretionary or a non-discretionary basis as of December 31, 2023.