Money Mentors: Recent Episodes
Gary Mattson
Your Money Mentors – Gary Mattson, Laurel Steward and Gerald Green – are a financial team at Mattson Financial Services in Grand Rapids, Michigan. Their goal is to teach and empower you with information about what’s going on in today’s world and how it can affect your retirement. Whether you have questions about investment strategies, taxes, income or estate planning, your Money Mentors are here to help!
There are plenty of good things happening financially in 2025 - and some not-so-good things, so it's easy to make mistakes in a year like this one. On this week's episode, Gary Mattson and Laurel Steward of Mattson Financial Services discuss 4 mistakes retirees might be making when it comes to finances - and how to address them before the year is up! Need a year-end check-up on your retirement plan? Schedule a chat now at www.MattsonFinancial.com.
It's easy to make financial mistakes in retirement, but we want to help you avoid them, especially those that can be costly. This week, Laurel Steward and Gary Mattson of Mattson Financial Services continue our series on the potential mistakes that could cost you $100,000 or more in retirement - focusing on some of the tax and legal landmines that sometimes trip up retirees. Have questions about any of these issues? Connect with us for a chat at www.MattsonFinancial.com.
We've all made financial mistakes, but hopefully, they've been ones you can recover from quickly. But when it comes to retirement, there are major decisions that could end up costing you hundreds, thousands - potentially even hundreds of thousands of dollars over the course of your retirement. This week, Gary Mattson & Gerald Green of Mattson Financial Services begin our discussion on these costly six-figure mistakes - and how to avoid them. Check out more lessons at www.MattsonFinancial.com.
We all know prices have been going up for the last few years on just about everything, but have you checked out the price of vegetables lately? We'll discuss the dramatic jump in prices in what analysts are calling "veggie-flation," and how to prepare your retirement income plan to handle it. Plus, get a peek inside Gary's past side hustle - as a school bus driver! Find more retirement resources now at www.MattsonFinancial.com.
Navigating retirement as a couple can be exciting - but also challenging. After all, you might have different ideas or goals, and you might not discover that until you start putting your plan together. So, on this week's episode, Gary Mattson & Laurel Steward of Mattson Financial Services give you 3 questions to think about as you're getting started on your plan. Need help with the conversation? Schedule a chat at www.MattsonFinancial.com.
Another company just joined the $4 trillion club, just weeks after Nvidia became the first to do so. So, what's driving these eye-popping numbers? Artificial intelligence! On this week's episode, Gerald Green and Corey Davis of Mattson Financial Services discuss what's behind this AI boom, and what to do if you feel like you've been left behind as an investor. Need a second opinion on your strategy? Connect with us at www.MattsonFinancial.com.
The White House just made it easier for 401(k) plans to offer riskier investment choices, like private equity. But how do you know if it's too risky for your retirement goals? Gary Mattson and Taylor Steward break down the issue this week, as well as how to decide between saving in a traditional vs. a Roth 401(k). Download more info about how to manage - and avoid mistakes - in our free guide at www.Mattson401k.com.
This week, we continue our discussion about the big changes under the One Big Beautiful Act - specifically, the tax cut extensions and what that means from a planning perspective for the next few years. And that's not the only thing Congress has been up to. Listen as Gary Mattson and Laurel Steward explain the new crypto legislation in Washington, and how that might impact your investment strategy in the future. Have questions about the latest changes? Connect with us at www.MattsonFinancial.com.
You've heard it's big and beautiful - and yes, it's thousands of pages long...but what does the new law passed by Congress mean for you & your retirement? The team at Mattson Financial Services has been digging into the details, and on this week's episode, Gary Mattson and Gerald Green discuss some of the highlights and how it could impact your finances. Schedule a chat to go over any changes to your plans at www.MattsonFinancial.com.
These might be the lazy days of summer, but that doesn't mean your money can take a snooze. On this week's episode, Gary Mattson and Gerald Green of Mattson Financial Services discuss the ways your money could still be working for you while you unplug for vacations and other fun things, without worrying about the headlines. Want to chat about your options? Connect now at www.MattsonFinancial.com.
If you've avoided the conversation about long-term care, you're certainly not alone. A new University of Michigan study sheds some light on just how many people put off the planning. On this week's episode, Laurel Steward and Corey Davis discuss why - and some of the misconceptions about what's covered by programs like Medicare. You might be surprised about the options that are available. Schedule a chat today at www.MattsonFinancial.com.
A new survey has some surprising results on what Americans think are the best long-term investments (hint: it's not stocks!). This week, Laurel & Taylor Steward of Mattson Financial Services discuss the results and how they help clients invest for the years ahead in retirement, while weighing risk and their long-term goals. Schedule a time to go over your plan at www.MattsonFinancial.com.
Just like your regular doctor's visits, it's always good to check up on your financial health - and the mid-way point of 2025 is a great chance to do that. On this week's episode, Laurel Steward and Corey Davis of Mattson Financial Services walk through some steps you might want to consider as you stress test your investments and income, as well as prepare for the holidays and take care of your physical health. Need help with your mid-year review? Check out our appointment times at www.MattsonFinancial.com.
At a time when we should be focusing on summer vacations and family time, some of us may be more worried about where the economy and market are headed from here. But on this week's episode, Gary Mattson & Laurel Steward of Mattson Financial Services discuss how to unplug from the headlines and let your financial plan guide your investment decisions. Plus, they offer some tips on how to keep summer travel memories alive for your older family members in their 'no-go' retirement years. Find more retirement resources at www.MattsonFinancial.com.
No one ever said retirement would be easy, but in order to make it easier, it helps to address the tough questions ahead of time. On this week's episode, Laurel Steward and Gary Mattson of Mattson Financial Services discuss the difficult questions they address with their clients in order to help give them more confidence about their plans for the next chapter. Have some questions you'd like to address? Schedule a chat now at www.MattsonFinancial.com.
How did one of America's richest families manage to lose billions of dollars in just 3 generations? Gerald Green of Mattson Financial Services dives into the story of Cornelius Vanderbilt on this week's episode, and discusses ways you can help educate your family so that they learn ways to preserve and protect the legacy you hope to leave. Find more planning resources for your family at www.MattsonFinancial.com.
We're entering a period where more pink slips are going out, even at major employers, as the economy begins to slow down. But if your job is impacted, what steps do you need to take to help secure your financial future? And how do you know if you can turn this into an opportunity to retire? Laurel and Taylor Steward of Mattson Financial Services walk through the questions to ask yourself on this week's episode. Need a second opinion on your buyout offer or severance package? Schedule a chat at www.MattsonFinancial.com.
After a volatile few months on Wall Street, it might be tempting to follow the old saying and just sell in May - and go away for the summer. But on this week's episode, Laurel and Taylor Steward of Mattson Financial Services explain why it's never really a good idea to take time off from investing, and how they approach it instead. Summer is a great time, though, to get a second opinion on your portfolio. Schedule one now at www.MattsonFinancial.com.
The maximum benefit from Social Security in 2025 tops $5,000 a month - but there are a number of factors that you have to meet in order to reach that top tier benefit. So this week, Gary Mattson & Laurel Steward of Mattson Financial Services discuss what's really important when it comes to finding the right time for you to claim your benefits. Plus, how long could you stretch your Social Security and a healthy nest egg of $1,000,000? We'll have the results of a new study. Stress test your numbers at www.MattsonFinancial.com.
The Oracle of Omaha has finally decided to retire - at 94! This week, Gary Mattson & Laurel Steward of Mattson Financial Services discuss his financial legacy & what lessons we can take away from the world's most well-known investor. We'll also discuss the sudden rush to claim Social Security - and whether it's justified. Have questions for your Money Mentors? Connect with us at www.MattsonFinancial.com.
If stocks feel a little risky for you right now, where do you turn to invest your retirement dollars? There are a world of options, but on this week's episode, Gary Mattson of Mattson Financial Services discusses which investments tend to perform better than others during recessions. If you need help diversifying your portfolio, seek out a second opinion from a fiduciary advisor. Feel free to connect with one of your Money Mentors at www.MattsonFinancial.com.
Navigating market volatility at any age is a challenge, but it's especially daunting when you're already retired or about to make the move to retirement, and your paycheck is largely dependent on your investment portfolio. On this week's episode, Laurel and Taylor Steward of Mattson Financial Services give us some perspective on the recent volatility on Wall Street and share strategies on how to cope if you're feeling nervous about how it might affect your retirement income. Need a second opinion about your plan? Schedule a 15-minute chat at www.MattsonFinancial.com.
While the 24/7 news channels are talking about a recession, how do we really know if we're in one? Believe it or not - lipstick and underwear could provide some early clues! On this week's episode, Gary Mattson & Laurel Steward of Mattson Financial Services discuss the signs they also look for, as well as how to protect yourself and do a little financial spring cleaning that may help this time of year. Schedule a 15-minute chat to get a second opinion on your plan at www.MattsonFinancial.com.
Go ahead, give yourself permission to spend in retirement. After all, you worked hard for it, right? But where are some of the best places to spend your money? This week, Laurel & Taylor Steward of Mattson Financial Services dive into an interesting list that includes (spoiler alert!) - taxes. We'll explain that and the fun stuff it's ok to splurge on in retirement too. If you're wondering how much you can spend in retirement, start your plan with your Money Mentors at www.MattsonFinancial.com.
It's not unusual for one spouse or the other to handle most of the investment decisions in the relationship, but when markets get rocky, that can cause a lot of pressure. On this week's episode, Laurel Steward and Gary Mattson of Mattson Financial Services discuss a hypothetical scenario on how to cope if you've been trying to handle your portfolio on your own - and now you're doubting your decisions, or you don't want to worry your wife or husband. Remember: it's always ok to seek out a second opinion. And if you need one now, connect for a chat at www.MattsonFinancial.com.
Sure, it might seem like the sky is falling if you're listening to the 24/7 news channels, but if you're looking for perspective on the tariff talk and the market downturn, this week's episode is for you. Gary Mattson & Gerald Green of Mattson Financial Services give some insight on how their investment philosophy works for retirement savers at times like this, and discuss how market dips may be an opportunity for some to consider a Roth conversion. Nervous and need a second opinion? Schedule a chat at www.MattsonFinancial.com.
Yes, all the talk of tariffs and rising prices might make people a little nervous about retirement, but a new survey says people are also tired of being told to "cut back." On this week's episode, Laurel Steward and Gary Mattson of Mattson Financial Services discuss how they help clients enjoy the same lifestyle in retirement that they enjoyed while they were working. We also tackle how to find the "Goldilocks" savings strategy for retirement. Need a second opinion on your plan? Connect for a chat at www.MattsonFinancial.com.
Taxes don't go away in retirement. In fact, they can cause a few surprises. On this week's episode, Gary & Laurel discuss what surprises people the most - and how to avoid the common mistakes that can cost you money. Plus, does it make sense to give your assets away while you're still here to enjoy it with your family - or leave a legacy when you're gone? We'll discuss the pros & cons. Check out our upcoming events on Taxes in Retirement at www.MattsonFinancial.com/Events.
More and more individuals and couples are making six-figure incomes today, but that puts pressure on them to also create a six-figure income for retirement. On this week's episode, Gerald Green and Marcus Grost of Mattson Financial Services discuss how they approach building an income strategy for generating that kind of retirement paycheck from an investment portfolio - and some of the opportunities and challenges along the way. Wondering how much you'll need to retire? Schedule a chat with your Money Mentors at www.MattsonFinancial.com.
Warren Buffett's annual letter to shareholders is out - and it includes a few takeaways for retirement investors. On this week's episode, Gerald Green and Marcus Grost of Mattson Financial Services break down some of Warren's classic lessons on investing, and some of his latest revelations about handing over the reins when he's ready. Check out more retirement lessons at www.MattsonFinancial.com.
From big corporations to the federal government, we're hearing more and more about buyout offers in the headlines. But before you accept that severance package or early retirement offer, there are some steps to consider. On this week's episode, Gary Mattson of Mattson Financial Services walks through a hypothetical scenario and what you might want to think through before you sign on the dotted line - especially if you're close to retirement. Need a second opinion on your buyout offer? Connect with us at www.MattsonFinancial.com.
You've been saving for years in your retirement savings accounts, whether that's a 401(k), IRA, TSP or 403(b). But did you know you have a silent partner waiting for their share when it's time to start spending that money? This week, Laurel Steward and Corey Davis of Mattson Financial Services discuss the tax IOU that comes due in retirement and how you can help minimize that tax liability with prior planning. We'll also discuss IRMAA - what is it, and how it could impact your Medicare premiums. Submit your questions to your Money Mentors at www.MattsonFinancial.com.
If you're a federal employee or a public servant - whether that be a firefighter, teacher, or other government worker - there are some recent changes that may impact your retirement planning. On this week's episode, Laurel Steward and Corey Davis of Mattson Financial Services explain what to do if you're on the receiving end of one of the recent federal buyout offers. And we'll update you on the Social Security Fairness Act and how that could impact some public service workers. Need help figuring out how the changes impact you? Schedule a chat at www.MattsonFinancial.com.
The first few weeks of the new Trump administration has included a flurry of economic activity - but what does the threat of new tariffs and the possibility of extended tax cuts mean for your bottom line? Laurel Steward of Mattson Financial Services helps you break through some of the noise on this week's episode. Let us help you put the focus on your personal economy with a customized retirement review. Schedule a chat now at www.MattsonFinancial.com.
We think retirement planning should be important at all stages of life, but there are certain ages when key decisions could help determine just how successful you are when you're ready to stop working. This week, Laurel & Taylor Steward of Mattson Financial Services break down the key Retirement Milestones from 50 to 73, and how each step can help you along the journey. If you're hitting one of these milestones and need some help, reach out for a retirement review at www.MattsonFinancial.com.
We kick off our special series on taxes this tax season on what your tax forms might help you address about your retirement tax strategy. Plus, Laurel & Taylor Steward of Mattson Financial Services tackle a question about Roth conversions and income, and help clear up some confusion about conversions versus contributions. Need a second opinion on your retirement tax strategy? Let's talk. Schedule a chat at www.MattsonFinancial.com by clicking on the calendar button.
From continuing high inflation to rising taxes, there's a lot coming at us in 2025. On this week's episode, Laurel & Taylor Steward of Mattson Financial Services break down 5 issues that could impact middle-class retirees the most this year, and how to prepare yourself for them. Start the new year strong with a portfolio check-up. Schedule a chat now at www.MattsonFinancial.com.
Made any financial resolutions for the new year? Fidelity says most Americans who have plan to 'live practically,' and are worried about unexpected expenses. On this week's episode, Laurel & Taylor Steward of Mattson Financial Services discuss why that may be the case, and how to achieve some of those practical goals financially. Need a jump start on those dreams, goals and desires? Schedule a retirement chat now at www.MattsonFinancial.com.
There are all kinds of things to remember when it comes to retirement, but on this week's list, Laurel Steward and Gerald Green of Mattson Financial Services discuss Kiplinger's list of the 4 Do's and Don'ts of Retirement - plus the one thing they say you should never do. When it comes to your retirement questions, feel free to reach out with yours anytime at www.MattsonFinancial.com.
One of the most common questions about retirement is often "When should I claim my Social Security benefits?" On this week's episode, Laurel Steward and Gerald Green of Mattson Financial Services discuss the program's full retirement age, how it's changing in 2025 and what to consider when you're making the decision on when to claim your benefits. Plus, we'll discuss the retirement paycheck that's waiting for President Biden when he retires in January! Find more retirement resources at www.MattsonFinancial.com.
Despite uncertainty about inflation, interest rates and the election, the market's been pretty resilient in 2024. On this episode, Gerald Green and Corey Davis of Mattson Financial Services discuss the lessons we can take away from Wall Street in 2024 and apply to how we approach portfolio decisions in the New Year. 2025 is also a great time for a portfolio check-up. Schedule yours now at www.MattsonFinancial.com.
Living to 100 is not out of the question these days. Just ask Laurel's grandma! On this week's episode, your Money Mentors from Mattson Financial Services discuss the possibility and how to plan for it financially. Need a plan that gets you through the go-go, the slow go and the 'no go' years? Set up a complimentary retirement review now at www.MattsonFinancial.com.
Now that we know the outcome of the election, it's time to plan ahead for what might be coming financially under the new administration. This week, Laurel and Taylor Steward of Mattson Financial Services discuss 4 changes that could be coming under President-elect Trump based on what he discussed during the campaign, and how it could impact your finances. Plus, we'll discuss how to tune out some of the market noise and focus on your own strategy. If it's time to review your strategy, connect for a quick chat now at www.MattsonFinancial.com.
Once you reach your 50's and 60's, you get invitations in the mail all the time to steak dinners offering to teach you about various financial topics. But before you accept that next invitation, listen to this week's episode, which includes a cautionary tale about one man's experience - as Laurel & Gerald discuss the questions you might want to ask about a particular advisor or investment. Need a second opinion on your plan? Feel free to connect for a chat now at www.MattsonFinancial.com.
If you're already in goal setting mode for 2025, this week's episode is for you. Laurel & Taylor Steward of Mattson Financial Services discuss some of the changes the IRS has announced for tax and retirement planning purposes for the new year that may benefit you - including a 'super' catch-up contribution for some retirement savers. Plus, we'll discuss the steps you might want to consider if you think you've already met your retirement goals. Go ahead and schedule your new year retirement check up now at www.MattsonFinancial.com.
2024 is quickly coming to a close, but there's still time to make a few financial changes. On this week's episode, Laurel & Taylor Steward of Mattson Financial Services walk you through some financial steps you might want to take to finish strong - and set yourself up for a better 2025. Need a year-end retirement check-up? Set up a quick chat now at www.MattsonFinancial.com.
The FTC has a new rule to make it easier for consumers to cancel recurring subscriptions and memberships called 'Click-to-Cancel.' But how hard is it to cancel a financial service, product - or even advisor relationship - that's not working for you? Laurel & Taylor Steward of Mattson Financial Services discuss that on this week's episode. Plus, we'll dive into ways you might save by canceling a few services on a regular basis. Need a second opinion on something you've been sold? Connect for a chat at www.MattsonFinancial.com.
A new international survey gives The United States a C+ grade for its retirement system. But Gerald Green and Marcus Grost, your Money Mentors at Mattson Financial Services, take issue with some of the survey's rankings. Find out why on this week's episode, and discover how you can take advantage of what the U.S. retirement system has to offer. Need help navigating decisions on things like Social Security and Medicare? Schedule a chat now at www.MattsonFinancial.com.
While your Money Mentors at Mattson Financial Services have been through retirement hundreds of times through their clients, we know that for you - it's likely the first, and only time you'll ever go through it. So this week, Laurel Steward and Corey Davis explore the 7 challenges you may run into over the first 10 years of retirement, and how to navigate each one. Here's the good news: you don't have to go it alone. Reach out now for a complimentary retirement check-up at www.MattsonFinancial.com.
A new survey finds most Americans fear retirement more than they fear - dying! On this week's episode, your Money Mentors Laurel Steward and Marcus Grost of Mattson Financial Services discuss why so many people are scared of retirement, as well as the steps to take to overcome that fear. We'll also dive into one of the options you may have during Open Enrollment at your workplace that can help with future retirement health care costs - and save you in taxes. Schedule your year-end retirement check-up now at www.MattsonFinancial.com.
Whether you've lost a spouse, you never got married or perhaps you're divorced, this week's episode is for you. Our case study with your Money Mentors, Laurel & Taylor Steward, focuses on a hypothetical scenario of someone approaching retirement solo - and how that affects the planning process. Good news: you don't have to go it alone in retirement. Sign up now for your complimentary review at www.MattsonFinancial.com.
Just like a football game, the 4th quarter is very important when it comes to whether you 'win or lose' the year financially. This week, Laurel & Taylor Steward of Mattson Financial Services discuss the 4th quarter plays you may want to consider in 2024. We'll also dive into the surprises people find in their first year of retirement. See if you're prepared! Schedule a year-end retirement check-up now at www.MattsonFinancial.com.
Every few months, Congress has to race to avoid a government shutdown as lawmakers fail to reach a deal on a new spending plan. But this kicking the can down the road will likely have an impact on all of us as taxpayers in the future. On this week's episode with Gerald Green and Marcus Grost, we'll discuss what it might mean for you & your family. Plus, we dive into the immediate impact of the recent Fed rate cut on your savings options. Need a year-end financial review? Schedule a chat now at www.MattsonFinancial.com.
After more than three decades of helping people retire successfully, Mattson Financial Services founder Gary Mattson has finally put that experience on paper. This week, learn about his new book, "What Your Parents Never Told You About Money," and how you can get your hands on one of the first copies. Or buy your copy here: https://www.amazon.com/What-Parents-Never-About-Money/dp/B0D8KDSHKX
Forget $1 million. A new survey says many Americans now think it will take $1.8 million in order to retire comfortably! On this week's episode, Laurel & Gerald discuss why that may - or may not - be the case, and how to get closer to your own comfortable number. Plus, we celebrate the 94th birthday of one of the world's most well-known investors. Need a second opinion on your retirement or investment strategy? Connect now at www.MattsonFinancial.com.
There's a lot of economic data coming our way right now, but it turns out the government got it wrong (really wrong!) on one big piece of the economic picture. So, who do we trust? And what if that data leads to interest rate cuts this fall? Laurel & Taylor discuss it on this week's episode, but if you need an analysis of your own economic data, connect now at www.MattsonFinancial.com.
We all want a cash cushion to help with life's emergencies, but how much should we put away in that retirement fund...especially if we're retired? Gary & Marcus discuss the numbers on this week's episode, and how they approach dividing up your assets into easy-to-understand options for retirement. Need help with questions like this? Set up a chat now at www.MattsonFinancial.com.
Chances are, your questions about retirement are similar to many others we receive on "Money Mentors." So, this week, Laurel & Taylor delve into a retirement scenario for a hypothetical couple, Jim & Wendy. We'll walk step-by-step through the Mattson Financial process for helping people solve their own retirement puzzles. See if one of your questions comes up - and feel free to reach out for a personalized consultation at www.MattsonFinancial.com.
While all the talk is about who wins the White House in 2024, we're preparing for tax changes (no matter who's in office) in the next 2 years. This week, Laurel & Taylor Steward of Mattson Financial Services explain why good savers and retirees need to circle 2026 on their calendars - and start some forward tax planning during this calendar year. Find out what your retirement tax bill might look like at www.MattsonFinancial.com.
Many investors see red arrows on Wall Street and panic, but at Mattson Financial Services, we look at it as an opportunity. Take a peek inside our investment philosophy on this week's episode with Laurel & Taylor Steward. And if you need a second opinion on your investment strategy, connect with us at www.MattsonFinancial.com.
While President Biden prepares to call it quits after this term, he stands to make more as a retiree than he did as Commander in Chief! This week, Laurel Steward & Corey Davis of Mattson Financial Services discuss whether you might be able to structure your retirement the same way. Plus, find out how the political changes might impact your investment strategy. Get a complimentary second opinion on your retirement plans at www.MattsonFinancial.com.
The political events of the last few weeks may not shake the markets - but they may shake our confidence. On this week's episode, Gary Mattson & Corey Davis of Mattson FInancial Services explain how the uncertainty may impact your investment decisions from here. We'll also discuss how traditional 60/40 portfolios may be outdated - and what to consider instead. Need a portfolio check-up? Connect with your Money Mentors at www.MattsonFinancial.com.
I bonds are paying less than they were a couple of years ago, but interest rates are still high, so this week Laurel & Gerald discuss options for the more conservative side of your portfolio that you may want to consider. And if you're thinking of a move just to save on taxes - hold up. We'll discuss the pros & cons. Have a question for your Money Mentors? Ask it in person at our August First Friday event. Just RSVP here: https://mattsonfinancial.com/events/index.html
A new survey by Vanguard reveals how much 401(k) savers are contributing each year...so how do your numbers compare? Gary & Corey discuss the keys to saving successfully in your retirement accounts, plus what to do if you have FOMO with the current market. Need a second opinion on your 401(k)? Check out www.Mattson401k.com.
Ideally, you've been planning for retirement for years. But what if you have to make that decision in a hurry? This week, Gary & Corey discuss the steps you might want to take if your retirement is just days, weeks or a few months away. We'll also discuss how to do a mid-year review of your finances and investments in 2024. Need help with that? Connect now at www.MattsonFinancial.com.
Successful investing is much more than just luck - or picking the right stocks. This week, we discuss the one component that even successful investors don't talk about, and how it can make a difference for both you & your family. Gerald and Corey also discuss how to create a withdrawal strategy for retirement when you have multiple accounts. Need help with your questions? Connect with your Money Mentors at www.MattsonFinancial.com.
The Federal Reserve is still struggling to reach its inflation target, and the real life impact on us is higher prices for just about everything we buy. But is there an upside to inflation and higher interest rates for retirement savers? Laurel & Gerald discuss that on this week's episode. Plus, our Summer Savings Series continues with lessons on how even spouses who don't work outside the home can save more for retirement. Have a question you'd like us to address on the podcast? Drop us a note at www.MattsonFinancial.com.
Think of all the fees you pay in your daily life. From streaming services to concert tickets to airline fares...they're everywhere! But some of the biggest fees you'll ever pay may be hiding in the fine print on your investments or even your 401(k). As part of our Summer Savings Series on "Money Mentors," Laurel and Taylor discuss the importance of knowing what you're paying in fees when planning for retirement. Connect now at www.MattsonFinancial.com to have our team run a complimentary fee analysis for you.
All kinds of questions come up when you make the decision to retire, but are you asking the right ones? This week, Gary & Laurel discuss 5 key questions to consider to help you plan for life after work...and they're not all financial. Need help with any one of these questions? Connect to set up a visit with your Money Mentors at www.MattsonFinancial.com.
Meme stocks are back in the headlines, but should these social media-driven investments cause you any concern? Gary & Laurel dive into this topic this week, as well as the latest projections for a Social Security cost-of-living raise in 2025. Have questions about something in the headlines? Drop us an e-mail at www.MattsonFinancial.com.
Retirement is full of surprises, but you also want to keep those to a minimum - especially as you settle in to your next chapter. This week, Taylor & Gerald discuss the common surprises that come up in the first 6 months of retirement. We'll also discuss why so many people don't know if they can retire. If that's a question in your mind, connect now for a chat at www.MattsonFinancial.com.
Graduations aren't just for your kids & grandkids. Depending on how much you've saved for retirement, you may also be ready to graduate to a different level of investing. On this week's episode, Laurel & Gerald talk about when you might want to leave certain strategies behind - and why new levels of savings might mean more options for retirement investing. Need a second opinion on your plan? Connect now at www.MattsonFinancial.com.
Certain changes are on hold when it comes to inherited retirement accounts, so if you've been the recipient of someone's IRA, 401(k) or other account in the last few years, you'll want to catch this week's episode. Laurel & Taylor also discuss an important May 17th deadline for taxpayers - and this one could help put more money in your pocket! Need some help with the tax rules for your retirement? Check out our resources at www.MattsonFinancial.com.
Should you retire at the top of your game - or when things are on the decline career-wise or health-wise? Making that decision is a struggle, even for top athletes like Tiger Woods. This week, Laurel & Gerald discuss some of the non-financial factors that go into that decision. Plus, we'll preview our May First Friday event. Find the details at www.MattsonFinancial.com.
Now that you've (hopefully) filed your taxes for last year, don't file that tax return away just yet. This week, Laurel & Gerald discuss what it can show you about how to plan for a more tax-efficient future. We also discuss the 3 tax buckets - and how to get more into that tax-free bucket for retirement. Curious about your retirement tax bill? Click the calculator at www.MattsonFinancial.com.
Every time you save a dollar into a traditional retirement account versus a Roth, you're making a decision about paying taxes now vs. later in retirement. But which strategy makes sense for you? And why would you want to pay now versus later? Laurel & Taylor dive into this topic this week, as well as some of the more unusual tax deductions the IRS has allowed over the years. Have questions about tax planning for retirement? Connect with our team for a chat at www.MattsonFinancial.com.
As the market surges, so does the number of 401(k) millionaires. If you're one of them, how do you keep what you have and continue growing that pot of money? And what if you don't have a million in savings? Can you still make retirement work? Laurel & Gerald discuss the million-dollar pitfalls and opportunities on this week's episode. Check out more about our 401(k) resources at www.Mattson401k.com.
Some politicians are floating the idea of raising the retirement age for Social Security. But if they follow through, what would that mean to you? Laurel dives into the details this week to explain the pros & cons. We'll also discuss how your basketball picks this time of year may also correlate with how you pick your investments. Check out more resources for your retirement at www.MattsonFinancial.com.
Your tax picture often changes in retirement, thanks to different rules on how retirement income is taxed - plus the required minimum distributions that kick in during your 70's. This week, Laurel & Taylor discuss what catches retirees offguard the most, and how you can avoid tax surprises with a little forward planning. Curious about your retirement tax bill? Click on the calculator at www.MattsonFinancial.com.
Brackets busted, anyone? Forget the basketball...maybe we should focus instead on tax brackets. This week, Laurel & Taylor discuss the 'fun' that can be had in getting into the lowest tax bracket possible in retirement. They'll also explain IRMAA. No, it's not your long lost aunt - but it could impact you once you're of Medicare age. Find more retirement resources at www.MattsonFinancial.com.
Sometimes life hands you challenges - things like a pink slip, or divorce. But there are ways you might be able to take those challenges and turn them into retirement opportunities. Listen to Laurel & Gerald this week as we discuss how to evaluate buyout offers - or in the case of divorce, research your Social Security options. Need a second opinion? Connect with our team at www.MattsonFinancial.com.
Who says getting older doesn't have its perks? On this week's episode, Gary & Laurel discuss some of the tax breaks you can take advantage of to boost your retirement plan as you reach your 50's and 60's. Talk to our team about how to build your tax efficient plan at www.MattsonFinancial.com.
One of the big, unfortunate surprises for retirees is that yes, you may have to pay taxes on your Social Security benefits. On this week's episode, Laurel & Taylor discuss the income thresholds you need to know when it comes to taxability. We'll also discuss why your RMD might also be bigger than you expected in 2024. Need some help with your retirement numbers? Connect for a chat at www.MattsonFinancial.com.
An astounding number of assets will change hands over the next two decades - nearly $73 trillion will be passed from baby boomers to younger generations. If that's a priority for you & your family, how do you avoid pitfalls like higher taxes for your heirs - or family disputes? Gary & Gerald dive into this tricky topic on this week's episode. Need help with your family's plan? Find more resources at www.MattsonFinancial.com.
While inflation has eased, there are some areas where prices are increasing by double digits...so how is your retirement income supposed to keep up? Gary & Laurel discuss this issue this week, and why you shouldn't have to settle for a pay cut in order to retire successfully. Wondering how you can keep up? Connect for a chat at www.MattsonFinancial.com.
America's reaching "peak 65," as millions of baby boomers reach an important retirement milestone in the next couple of years. This week, Gary & Laurel dive into the decisions you'll want to be prepared to make, whether you plan to retire at 65 or not. Have questions about your retirement milestones? Chat with us at www.MattsonFinancial.com.
Sure, tax season can seem like a chore, but it's also a good opportunity to revisit your financial situation and look for additional savings. Laurel discusses the things to look for as you gather your financial documents, plus how your Money Mentors at Mattson Financial Services keep themselves up to date on all the latest changes. Time for a retirement tax check-up? Schedule it now at www.MattsonFinancial.com.
Retirement rules are constantly changing. From tax planning to estate planning to your 401(K), there are plenty of updates for 2024. This week, Gerald and Gary walk through some of the biggest rule changes and how they might help you improve your financial picture this year. Need help updating your retirement plan? Talk to your Money Mentors at www.MattsonFinancial.com.
If retirement is one of your 2024 resolutions, this week's episode is for you! Gary & Gerald walk through some of the final steps to help you make that seamless transition to retirement - even the non-financial ones. If you're closing in on your retirement date, talk to our team now at www.MattsonFinancial.com.
The list is out on this year's most stressful jobs...is yours on it? Find out on this week's episode. Gary and Laurel discuss how to approach retirement if you've had enough. We'll also explain why more workers are sticking with their jobs, even into their 70's and 80's. No matter when you decide to retire, we're here to be that resource for you. Connect anytime at www.MattsonFinancial.com.
Wall Street's been hyper-focused on the Fed headed into the New Year. This week, Gary & Laurel discuss what's ahead for interest rates and why it matters to you. There's also a new survey that shows the average Michigan worker retires at 62. If that's you, what do you need to think about before making the decision to retire that young? Check out more retirement resources at www.MattsonFinancial.com.
It may be tempting to charge purchases for Christmas or other big occasions, but when it comes to debt, what's good and what's bad? Gary & Laurel discuss that this week - plus, the changes that are coming to student aid forms. Learn how your income as a parent or grandparent could impact what your kids or grandkids qualify for when it comes to college grants & loans. Have a question for your Money Mentors? Drop us an e-mail at www.MattsonFinancial.com.
Ever wonder how you could get the maximum benefits out of Social Security in retirement? On this week's episode, Laurel dives into what it would take to get the biggest monthly check possible (and it's not easy). Need some help with your Social Security decisions? Get a full-blown retirement check-up by setting up a chat at www.MattsonFinancial.com.
Wondering how your Christmas spending stacks up with others? We'll tell you what the average shopper is spending this holiday season, plus offer some tips on how to budget for holiday spending in your financial plan with Gary Mattson of Mattson Financial Services. Check out more of our retirement resources over the holidays at www.MattsonFinancial.com.
The clock's ticking on 2023, but there's still time to make a few year-end financial moves to set yourself up for a better 2024, especially tax-wise. Listen this week as Gary & Laurel walk you through a few steps, including some you can do on your own. And you have to hear this week's story about an unlikely millionaire who gave his town a special gift this holiday season. Find more year-end resources now at www.MattsonFinancial.com.
A couple of stories in the headlines this week remind us to always read the fine print - whether it's a buyout offer, a "dream" vacation deal or any other investment. Gary & Laurel explain what to look for. Plus, a Vanguard report tells us the single biggest factor in a successful retirement. Whether it's understanding the fine print or building a plan that helps you sustain your retirement lifestyle, we're here to help at www.MattsonFinancial.com.
The Federal Reserve is hinting that interest rates may stay at these levels for awhile. And while it may be a negative for those with debt, it can be a positive for savers. This week, Gary explains how to take advantage of higher rates while they last. Plus, we'll discuss why wealthy investors are turning more toward financial advisors. Connect with your Money Mentors at Mattson Financial Services for more lessons at www.MattsonFinancial.com.
This week, Gary & Laurel share the very personal side of a family dilemma they're facing as Gary's mom gets older. We'll also discuss the tougher decisions that may come along for you in retirement, and how to address them. Whether it's a health crisis, protecting your assets or talking about these topics with your kids and grandkids, we're here to help. Connect to chat with us at www.MattsonFinancial.com.
Medicare premiums are set to go up in 2024 for most retirees. Our resident Medicare expert, Matthew Saidla, fills us in on this week's episode. Plus, we'll discuss healthcare options if you're not 65 yet, such as the Marketplace or COBRA. Have questions? Set up a complimentary consultation in Grand Rapids with Matt at www.MattsonFinancial.com. Just click on Health Services.
October through the end of the year can be a spooky time for the markets, but it doesn't have to be. This week, Gary & Laurel discuss the risks in the market in the home stretch of 2023. We'll also talk about the small moves that can add up to bigger wealth over time. Get your year-end retirement check-up now. Connect with us at www.MattsonFinancial.com.
The war in Israel is adding to pressures on the market & economy, but how does it affect the way we invest for the short-term? Gary & Laurel dive into this topic this week. Plus, we'll discuss the "raise" Social Security recipients will get in 2024. Is a 3.2% cost-of-living adjustment enough? Get a second opinion on your plan now at www.MattsonFinancial.com.
So, you've retired. Now what? This week, Gary discusses 7 major challenges that can come along with the first decade of retirement. Yes, some are financial - but others have to do with how you'll fill your time. Listen as we address each one, and schedule a chat if you need help with the transition at www.MattsonFinancial.com.
If you've ever had some setbacks with your health in retirement, you'll want to check out this week's episode. Gary shares how his wife is dealing with a setback after minor surgery that may help you redirect your energy too! Plus, why are so many retirees concerned about where we're headed? Address your retirement concerns head-on by setting up a chat at www.MattsonFinancial.com.
It seems every few months we go through more drama in Washington, D.C. about funding our government. But how does it affect you and your future? This week, Laurel discusses the potential impact on our finances as another government shutdown looms. We'll also examine how baby boomers are taking advantage of today's higher interest rates. Need a retirement check-up? Schedule a chat now at www.MattsonFinancial.com.
Usually, we talk about what to do before you retire...but this week, we consider 7 things you might want to put off until after retirement. If you're up against any one of these decisions, feel free to reach out to the team at Mattson Financial Services for a second opinion. Connect now at www.MattsonFinancial.com.
The labor market is shifting right now. Between strikes, layoffs and buyout offers, it might be time for some to consider an early retirement. But what steps should you take first? Laurel & Taylor discuss the job transition on this week's episode. Need a second opinion on a buyout offer or retirement plan? Schedule a chat now at www.MattsonFinancial.com.
A new survey finds more Americans are reaching seven-figure savings in their retirement accounts. This week, Gary dives into why that's the case - and where people are investing their retirement dollars. Wondering if you're invested in the right spots based on your goals? Connect now for a portfolio check-up at www.MattsonFinancial.com.
For those who've been responsible savers all their lives, spending can sometimes be a challenge in retirement. But this week, Gary discusses ways to consider splurging a bit on yourself without worrying so much about your retirement nest egg. We also dive into the topic of a cashless society - is it a good idea? Check out more retirement resources at www.MattsonFinancial.com.
Michigan has a lot going for it - especially this time of year. But how does retiring in Michigan fit into your financial plan? And what if retiring means moving to another state? Laurel & Gerald dive into this topic on this week's episode. Plus, if you have a child going off to college this fall, we'll discuss the one important document most families forget about during this big life transition. Need help with your retirement decisions? Connect now at www.MattsonFinancial.com.
What's the one biggest contributing factor to your retirement success? Laurel & Taylor discuss what one survey found on this week's podcast. Plus, if you're old enough to remember full-service gas stations - you'll want to check out this episode. Find more about our "full-service" approach at www.MattsonFinancial.com.
What is your wealth without your health? Join us for a special episode this week as Gary talks to the man credited with helping save his life. Learn more about what Dr. Alphonse DeLucia and his team at University of Michigan-Health West are doing to change the game for cardiac patients, giving people like Gary a second chance at life. Find more about his work here: https://uofmhealthwest.org/news/taking-on-leadership-of-cardiac-surgery-program-is-a-homecoming-of-sorts-for-experienced-cardiothoracic-surgeon/
As interest rates climb, you may have more options when it comes to funding your retirement. Find out what Gary & Gerald think about those options on this week's episode. Plus, we discuss the factors to consider when looking for a 55+ community or other living arrangements in retirement. Need a second opinion on your plan? Set up a chat at www.MattsonFinancial.com.
This week, we discuss two retirement scenarios: First, what to do if you want to leave something behind without leaving a huge tax bill to go with it. Secondly, we tackle how to build the type of plan that allows you to spend every dollar for yourself. Need help with either scenario? Connect now at www.MattsonFinancial.com.
Gary & Laurel are off to a conference with financial advisors, so this week, we ask them "What makes them different?" We also discuss a new survey showing strain among the middle-class, plus what to do if you've benefited from the run-up in real estate prices. If you ever have a question about something on the podcast, feel free to connect with us at www.MattsonFinancial.com.
As the Federal Reserve meets in July, market watchers are looking for another possible interest rate hike. But what does that mean for retirement savers? Plus - The Magnificent Seven. It's not a superhero movie...it's what's driving the market this summer. Taylor & Laurel discuss what it might mean for your portfolio. Schedule a summer check-up on your investments at www.MattsonFinancial.com.
These may be the dog days of summer, but it's not a time to get lazy about your finances. This week, Laurel & Taylor dive into what you can be doing to monitor your portfolio & the issues they're watching during the summer months to help retirees enjoy these slower months. It's also the perfect time for a retirement checkup, so schedule yours now at www.MattsonFinancial.com.
Hard to believe, but we're already halfway through 2023. This week, Gerald & Laurel walk us through 9 steps we can take on our own - or with a fiduciary advisor - to help make sure we're on track at the midway point. Need help with your mid-year checkup? Connect with us now at www.MattsonFinancial.com.
The bulls have returned on Wall Street, but if this market still confuses you, this week's episode is for you. Laurel & Corey Davis discuss the reasons behind it and why Boomers are spending more, despite some continuing economic concerns. Need a second opinion on your portfolio? Connect with us at www.MattsonFinancial.com.
Americans have more invested in stocks now than they have in the last 15 years, but is that the best place to invest? And what are the other options? Also on this week's episode, Gary & Laurel dive into what helps people create real and lasting wealth - it may not be as hard as you think! Need a retirement check-up? Connect now at www.MattsonFinancial.com.
We're excited about a couple of things this week. First, Gary's back on "Money Mentors!" He explains the challenges of the last couple of months. Plus, we discuss the tax sale you can take advantage of - but for a limited time only. Schedule your retirement check-up now at www.MattsonFinancial.com.
Social Security recipients got a nice bump in benefits in 2023, but the early projections for a cost-of-living increase for 2024 isn't so rosy. This week, Gerald & Laurel discuss other ways to think about giving yourself a raise in retirement, and how to get the most out of your benefits. Have Social Security questions? Connect with our team at www.MattsonFinancial.com.
After the recent collapse of another small bank, some Americans are expressing concerns about where there money's being held. But what should we question about where our money is saved? And how do we figure out how much risk we should take with our cash? Listen to this week's episode for more and connect now for a second opinion at www.MattsonFinancial.com.
If you've thought about sitting down with a fiduciary financial advisor, but haven't taken that first step, this episode is for you. This week, Gerald & Laurel discuss their process at Mattson Financial Services as we walk through a typical client scenario, and how the plan takes shape. Ready for that conversation? Connect now at www.MattsonFinancial.com.
Everyone has a different view of money - and how to invest it. This week, we dive into 4 different personality types when it comes to investing, and how the team at Mattson Financial Services works with each one. And even if you've been a "zombie investor" for years, if it's time to get a second opinion on your plan, connect now at www.MattsonFinancial.com.
As Washington tries to raise the debt ceiling again, you might wonder how it affects you & your retirement. Laurel & Gerald discuss the real life implications this week, and how to include it in your own financial plan. Plus, the Fed's latest moves could make certain savings accounts more attractive, but is it the best place to save money? Listen for more and schedule your own retirement check-up at www.MattsonFinancial.com.
If you're within 5 years of retirement, how should your portfolio management strategy change? And are you better off taking less risk? We'll dive into that topic on this week's podcast. We'll also discuss how AI - artificial intelligence - could change the career landscape in the next several years, with a prediction from ChatGPT. Need a second opinion on your retirement plan? Connect now at www.MattsonFinancial.com.
We continue our special series on the steps to take when you're 5 years or less from retirement. This week, we focus on how your expenses might change as you transition to the next chapter, and how to create a spending plan for your retirement years. Then, a new study from Harvard tells us what people miss most when they do retire. When you're ready to make that decision, connect with us at www.MattsonFinancial.com.
Planning to retire in the next 5 years? You'll want to check out our episodes for the next few weeks. This week, Laurel & Taylor discuss one of the key components to figure out in the final few years of your working life: how to replace your income when you retire. Plus, we'll share the alarming results of a new study on Michigan's nurses and how many plan to leave their jobs this year. Get a second opinion on your retirement plan at www.MattsonFinancial.com.
Wall Street bonuses fell last year, but still topped out at nearly $178,000! This week, we dive into how big bank firms and execs get paid versus the typical fees you'll pay an advisor. We'll also discuss the latest buyouts for GM workers in Michigan, and how to evaluate an offer from your employer. Need a second opinion on fees or buyouts? Connect now at www.MattsonFinancial.com.
Recent bank failures may have you questioning how your own money is invested - and where. This week, Laurel & Taylor discuss how to re-evaluate your risk. Plus, we'll dive into why politicians like Nikki Haley are wading into the debate over Social Security. Need a second opinion on your retirement plan? Check out more resources at www.MattsonFinancial.com.
With concerns about inflation, the market and the latest banking crisis, it's tempting to keep more of your savings in cash. But how much is too much? And what are your options? Gary & Gerald dive into this topic on this week's podcast. Need a second opinion on what to do with cash on the sidelines? Schedule a chat now at www.MattsonFinancial.com.
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This week, Gary discusses why he's concerned about some potential changes to the UCC - the Universal Commercial Code. Plus, we'll discuss the various ways the government tracks our savings, and how that can affect you tax-wise - both now & in the future. Need a retirement tax check-up? Schedule a session now at www.MattsonFinancial.com.
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Many parents have watched their kids return to the nest after graduation, but there's an increasing trend called the "reverse boomerang effect," when it's the parents moving in with their children in retirement! Gary & Laurel discuss why this is a real conversation for many families. Plus - what the heck is a MYGA? Find the answer on this week's podcast. Questions? Connect with your Money Mentors at www.MattsonFinancial.com.
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A new Vanguard survey finds a majority of investors did nothing with their 401(k)s as the market dropped in 2022. So should you ignore your account balance or make some moves? Gary & Laurel discuss that this week, as well as how your plan needs to change as you start to draw on those 401(k) funds for retirement. Check out our new resources to help you make better decisions about your retirement accounts at www.Mattson401k.com.
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Want an idea of how much inflation's really hitting our wallets? One Fed official says the answer can be found in the price of Stouffer's frozen lasagna! This week, Laurel & Taylor discuss what the cost of everyday items can tell us about inflation - and how to structure your plan to help keep up with those rising costs. Need a portfolio check-up? Schedule a chat now at www.MattsonFinancial.com.
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This week, we tackle a common question, but a tricky one: What do you do if inherit a 401(k) or other retirement account? Taylor and Laurel discuss the steps to consider, and why tax smart strategies are so important, whether you're on the giving or receiving end of inherited accounts. Check out more at www.MattsonFinancial.com.
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Love is in the air this Valentine's Day! Our resident lovebirds, Taylor & Laurel Steward, discuss how they balance a relationship at home and at the office - and how their family ties at work help them navigate challenges for other families. Plus, we'll tackle what higher interest rates mean for your retirement plan - and the income thresholds for taxes on Social Security. Have a question for your Money Mentors? Connect now at www.MattsonFinancial.com.
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There's some debate about whether we're in a recession, but one Wall Street Journal columnist suggests this might actually be a "rich-cession," affecting the wealthy and good savers the most. Gary & Laurel break down what that means on this week's episode. Plus, we discuss the valuable money lessons that can come from things like Girl Scout Cookies! Check out more lessons at www.MattsonFinancial.com.
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While the IRS is staffing up for this tax season, it could be another waiting game if you're expecting a refund. But while you're getting your documents together, it's a good time to consider what you can control about taxes - especially in retirement. Laurel and Gerald discuss some steps you might want to take this tax season on this week's episode, but find out more by scheduling your own tax checkup at www.MattsonFinancial.com.
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This one might've slipped by you over the holidays: Congress has passed some of the biggest changes in retirement rules in years, affecting everything from how much you can save in your 401(k) to when you have to take that money out of your retirement accounts later in life. Check out this week's podcast with Gerald for the updates on RMDs and other changes that might affect you. Schedule a personalized retirement checkup at www.MattsonFinancial.com.
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This week, meet Wyatt - one of our valuable team members at Mattson Financial Services. He & Gary discuss the "hangover" financial issues from 2022, plus what you can do to plan for income for all 3 stages of retirement. Need a New Year's checkup as you set your financial resolutions? Schedule a chat now at www.MattsonFinancial.com.
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Playoff fever is spreading among the Michigan fans at the office. This week, we talk a little football - but also finances, as many of you might be entering your own "playoff season" headed toward retirement. What should retirees include in their game plan to get them to their goals? Plus, we'll share a quick way to find out where you are risk-wise as we close out 2022. Schedule a retirement strategy session now at www.MattsonFinancial.com.
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Among the unfinished business for Congress in 2022 is a huge retirement package labeled "SECURE 2.0." But what would it do if lawmakers pass it before the end of the year? Laurel & Gerald explain on this week's podcast. We'll also dive into what's happening with real estate investing as mortgage rates climb. Have a question about how these changes could impact your retirement? Connect now at www.MattsonFinancial.com.
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Now that we know which direction Washington's headed in 2023, are there some positives for your portfolio? This week, Gary & Laurel discuss how a divided Congress could impact the market - and your taxes. Find out how the changes could affect you by scheduling your retirement checkup at www.MattsonFinancial.com.
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The nation's newest billionaire is about to get a giant tax bill. This week, Taylor & Laurel discuss the surprise that's in store for the Powerball winner - and the tax surprise that's waiting for some retirees too. And as we head into the holidays, we'll share a few tips on things to cross off your financial to-do list. Need help with it? Connect now at www.MattsonFinancial.com.
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It's that time of year when retirees need to make some decisions on Medicare, but did you know that controlling your retirement income makes a difference in how much you'll pay? Or that forgetting to sign up at 65 has long-term consequences? This week, Gerald explains the things you might not know about the program. Plus, we'll discuss how to help your kids & grandkids enjoy a higher standard of living than you did. Need a second opinion on your plan? Connect now at www.MattsonFinancial.com.
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No matter what happens during Tuesday's midterm elections, there's no easy fix to our current inflation problems. This week, Laurel & Taylor discuss the opportunities you have to take more control for yourself when it comes to portfolio & tax strategies. Have a question for your Money Mentors? Connect now at www.MattsonFinancial.com.
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Social Security recipients will get a raise next year, but the 8.7% cost-of-living adjustment amounts to just over $140/month for the average retiree. This week, Laurel & Taylor discuss whether that's enough to make a difference with inflation - and other ways to consider adding to your lifestyle in retirement. Need a check-up on your plan? Connect now at www.MattsonFinancial.com.
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Let's face it....trying to figure out this market is tricky. Need some perspective on where we're headed from here? Listen this week as one of our portfolio managers, Mariann Montagne of Gradient Investments, discusses the outlook for the rest of 2022 and some of the different strategies available to retirement investors today. Need a portfolio checkup? Schedule a chat at www.MattsonFinancial.com.
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The recent devastation in Florida is tough to wrap our heads around, especially if you're one who's dealing with damage. This week, Gary & Laurel discuss how Hurricane Ian could cause many retirees to rethink where they live in retirement. We'll also tackle the recent market movements and how to take more control over your investments, even when Wall Street's feeling rocky. Need a second opinion on your retirement? Check out more resources at www.MattsonFinancial.com.
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The Federal Reserve admits households and businesses may feel some pain with interest rate hikes. This week, Gary & Laurel explain what that might mean for you. We'll also share a unique way that your kids or grandkids might be able to save in their own Roth accounts. Have questions for your Money Mentors? Connect now at www.MattsonFinancial.com.
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As the economy shifts, more West Michigan companies are offering buyouts, severance packages or an early retirement to their workers to trim the payrolls. So what if you're on the receiving end of a buyout? This week, your Money Mentors from Mattson Financial Services offer a checklist of things to consider. Need a second opinion on your buyout offer? Connect for a chat at www.MattsonFinancial.com.
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Another rate hike from the Federal Reserve has markets in a tizzy, but what's the upside for retirement savers? And where do we go from here? Gary breaks that down on this week's episode. We'll also discuss what happens when you're just fed up with your job and ready to call it quits. Need a second opinion on your retirement? Connect now at www.MattsonFinancial.com.
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The way you pick your fantasy football team may teach you something about investing. This week, Gary discusses whether history should be your guide when it comes to your players - or investments. Plus, the downside of taking an RMD in a down market. Worried about what's happening on Wall Street? Get your own personalized risk score at www.MattsonFinancial.com.
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The Biden adminstration's plan to forgive a certain amount of student loan debt is getting mixed reaction from families across the nation. This week, Laurel & Taylor discuss the impact on borrowers and taxpayers - and how it could help fuel higher inflation for all of us down the road. Worried about recent economic changes? Schedule a checkup on your retirement plan at www.MattsonFinancial.com.
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Bankrate just named Michigan one of the best states for retirement! This week, Gary & Laurel discuss what makes it so great for retirees, plus some of the hidden tax breaks you might want to watch out for no matter where you decide to retire. Get a second opinion on your retirement plan anytime at www.MattsonFinancial.com.
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Gary's mom has discovered it may be cheaper to eat out than cook at home these days! Are you finding the same? And what other impacts are we seeing from inflation? Gary & Laurel discuss this issue as well as what's prompting some retirees to make changes to their plans. Need your own retirement checkup? Schedule a chat at www.MattsonFinancial.com.
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Gary's mom has discovered it may be cheaper to eat out than cook at home these days! Are you finding the same? And what other impacts are we seeing from inflation? Gary & Laurel discuss this issue as well as what's prompting some retirees to make changes to their plans. Need your own retirement checkup? Schedule a chat at www.MattsonFinancial.com.
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You've worked your whole life to get to retirement, so why do so many people have problems spending the money they've saved? Gary & Laurel dive into this topic this weekend and explain why you might want to spend even more in retirement. Schedule a chat about your retirement spending at www.MattsonFinancial.com.
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Congress calls it "The Inflation Reduction Act," but it may not make much of a difference in your bottom line. Join us this week as Gary & Taylor discuss the impact of this new law & how you can take more control over your own finances during a time of higher inflation. Schedule a chat with your Money Mentors at www.MattsonFinancial.com.
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Despite all the talk about the "r" word - a recession can actually be an opportunity, if you know where to look! Gary & Laurel discuss what's really going on with the economy this week and how the wealthy do things differently during times of market volatility. Find out what opportunities you can take advantage of for your retirement. Schedule a checkup at www.MattsonFinancial.com.
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Inflation keeps getting hotter this summer. This week, Gary & Gerald discuss how to cope with the rising cost of everything. We'll also share tips on how to cope with kids going off to college - and the financial benefits that can bring! Schedule a chat about your retirement with Mattson Financial Services at www.MattsonFinancial.com.
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It's been a very different market in 2022, so how is that changing how you handle risk? And what if you're a married couple - how are you approaching investing together? Gary & Gerald dive into these topics on this week's episode. Remember, you can always schedule a portfolio check-up at www.MattsonFinancial.com.
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A West Michigan teacher's retirement sendoff has gone viral - as students captured her on video twirling her way down the hallway on her final day at work. So what can she teach us about retirement? Plus, can retiring make you happier? Find out on this week's episode, and connect with us to discuss your retirement options at www.MattsonFinancial.com.
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With inflation at a 40-year high, we're all looking for ways to save. 🏊🏽♀️ So dive in this week as Gary & Taylor explore more ways to help you save money on your portfolio this summer! And be sure to schedule a mid-year portfolio checkup at www.MattsonFinancial.com.
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Would you pay $19 million to have lunch with Warren Buffett? Someone just did, but we'll save you the cash and share with you some of our favorite lessons from the billionaire investor on this week's podcast. Gary & Laurel also share just how easy it is to fall for identity theft scams these days - and what to do to help protect yourself. Check out more lessons from your Money Mentors at www.MattsonFinancial.com.
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Quite a few financial headlines are causing concern - especially the recent hike in interest rates, and the market crossing into bear market territory. This week, Gary & Taylor discuss the impact of both on your financial plans. Time for a retirement checkup? Schedule a chat at www.MattsonFinancial.com.
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With gas prices at record highs and inflation heating up this summer, we're always looking for ways to help you save money. This week, Nancy Mattson - otherwise known as the Coupon Queen - joins us with practical ways to get the best deals. If you're looking for additional ways to save more for retirement, schedule a summer check-up now at www.MattsonFinancial.com.
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If you're old enough to remember Jimi Hendrix, CCR and Jefferson Airplane, a new study says you might actually be feeling pretty confident about your finances. This week, Gerald & Laurel explain why that may be the case, but also why you might still want a second opinion. Plus, why billionaires (and regular folks too!) are worried about some of the latest tax proposals. Have a question you need answered? Connect now at www.MattsonFinancial.com.
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Imagine working for the same company for 84 years! It just happened to a man in Brazil. But we know most people switch jobs far more often these days. This week, Gary & Gerald discuss what to do with your retirement accounts when you do change jobs. Plus, the advantage of getting in-person advice when it comes to Social Security. Need a retirement checkup? Schedule a chat at www.MattsonFinancial.com.
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Tired of the swings of the market? It might be time for a different approach! This week, Gary & Gerald discuss the investment philosophy at Mattson Financial Services and how it works during a volatile market. Plus, we'll discuss the latest comments from the Fed and how that might impact your plans in the coming months. Schedule a second opinion on your portfolio at www.MattsonFinancial.com.
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It's turning out to be a volatile Spring on Wall Street. So what does that mean for your investment strategy in the coming months? This week, Gary & Laurel also discuss Fidelity's plans to add crypto options to 401(k)s. Have a question about your portfolio? Schedule a checkup now at www.MattsonFinancial.com.
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May begins the way that April ended on Wall Street...with more volatility. This week, Laurel & Taylor explain how that might trigger some changes to your asset allocation and they'll break down the difference between stock picking and the Mattson Financial investment philosophy. Need a second opinion on your portfolio? Schedule a chat now at www.MattsonFinancial.com.
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Family budgets & small business owners are feeling the squeeze of higher inflation. Listen this week to find out how some of our listeners are coping, and the strategies that can help you keep your portfolio growing. Laurel & Gerald also discuss the steps they take with someone who's reorganizing their financial life after the loss of a spouse. Need a retirement checkup? Schedule a time now at www.MattsonFinancial.com.
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By now, you know the real life impact of inflation...but what might not be as noticeable is what's called shrinkflation. This week, Laurel & Taylor break down what it means for you...and that bag of potato chips you're snacking on! Need a plan that helps you keep up with inflation? Schedule a checkup now at www.MattsonFinancial.com.
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Don't forget - Monday, April 18th is Tax Day! If you're doing your taxes this weekend or you already have your tax return in hand, it might be a good time to assess the health of your overall financial plan. This week, Gary & Laurel discuss what those numbers can show you. Need a retirement tax checkup? Schedule a chat at www.MattsonFinancial.com.
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The word "recession" is coming up a lot on the financial networks these days, as the Fed tries to fight inflation with interest rate hikes, and consumers start to rethink purchases. On this week's episode, Taylor and Laurel discuss how the headlines might affect your portfolio strategies over the next few quarters. Need a portfolio checkup? Connect now at www.MattsonFinancial.com.
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Interest rates are going up, affecting everything from mortgage rates to car loans and even bonds. This week, Gerald & Laurel break down how it could impact the amount of risk you take in your portfolio as well. Need a portfolio checkup? Schedule a time for a chat at www.MattsonFinancial.com.
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Our local housing market has been on fire for quite awhile now, but will interest rate hikes cool things down at all? And what do you need to know if you're trying to buy or sell a home in this market? Join special guest Josh Yskes of Five Star Real Estate for more insight on this week's episode. Have a question about how your home purchase or sale might affect your retirement? Connect with us at www.MattsonFinancial.com.
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There are plenty of distractions in the 24/7 news cycle, so this week Gerald puts the focus back on what you can do to help insulate your portfolio from the threat of more volatility and higher inflation. Plus, we'll share some rare good news from the IRS that may benefit early retirees. Have a question for your Money Mentors? Connect with us at www.MattsonFinancial.com.
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Russia's decision to invade Ukraine has had a ripple effect on the markets & global economy. This week, Laurel & Gerald discuss how it's affecting everything from Wall Street to the price at the pump. Plus, we'll discuss the reasons you might outgrow your advisor when you're close to retirement. Need a retirement or portfolio checkup? Schedule a chat at www.MattsonFinancial.com.
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Super stressed about situations in life - or the market? It's OK to ask for help! This week, Gary & Gerald discuss why so many are struggling right now. And we'll share a great article from The Atlantic on how to save in your "Happiness 401(k)." Schedule a chat about starting a plan that helps you build a happy retirement now at www.MattsonFinancial.com.
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Heads up if you're paid for services or products via popular cash apps like Venmo or PayPal, sell your stuff on Etsy, or use many popular apps for making income. The IRS will know more this tax season about those transactions. Find out how it might affect you, and the positive steps you can take by evaluating your tax returns. Find out more with a retirement tax check-up at www.MattsonFinancial.com.
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Instead of stressing out over market dips, what if you got excited instead? That's what happens for Gary when the market falls. This week, he explains why - and how to look for opportunities when Wall Street gets a little shaky. Think your risk tolerance has changed in 2022? Check your personalized risk score now at www.MattsonFinancial.com.
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CNBC says Tesla's Elon Musk lost a whopping $54 billion in January. Meanwhile, Warren Buffett managed to squeak out some gains on Wall Street, despite the market volatility. This week, Gary & Laurel discuss the lessons we can take away from how the world's wealthiest people invest. And we'll discuss the small "leaks" from your 401(k) that can also add up to big losses. Need a portfolio checkup? Schedule a chat at www.MattsonFinancial.com.
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If the old adage "As goes January, so goes the year" holds true in 2022, we're in for quite a bit of market volatility! This week, Gary & Laurel discuss the so-called January barometer and how to help position yourself to react to market changes, rather than try to predict the future. Wondering how much risk you should have in your portfolio? Get your personalized risk score now at www.MattsonFinancial.com.
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A growing number of baby boomers are retiring during "The Great Resignation," prompting one former CEO to warn of a labor market catastrophe ahead. And if you are retiring, how do you plan for rising health care costs? We'll talk about the what-ifs. Need a retirement checkup? Schedule a chat now at www.MattsonFinancial.com.
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We've come a long way, baby! "Money Mentors" is celebrating its 10th anniversary this month. Gary takes us back to his very first radio show, and discusses how much has changed in just a decade. Plus, we discuss how the labor market continues to change this year, and why finances are such a stressful issue for Americans. Check out more about your Money Mentors at www.MattsonFinancial.com.
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We always love getting your questions on Money Mentors, and this week's listener question focuses on Roths. Gary & Laurel discuss the difference between Roth contributions & conversions, and what to consider as you're deciding where to save your retirement dollars. Plus, we'll discuss what kind of communication to expect from your financial advisor. Submit your questions anytime at www.MattsonFinancial.com.
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Good riddance, 2021! It's time to move on to new goals in the new year, and if retirement is one of those goals for you in 2022, Gary has some tips on this week's podcast about the financial resolutions you might want to make for the new year. Of course, you can always schedule a retirement check-up at www.MattsonFinancial.com.
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You've heard the old saying, "No good deed goes unpunished." That certainly holds true for good investors. This week, Gary & Laurel discuss the ways that those good investments are taxed, plus why your 401(k) is not a true retirement plan. We also want to thank you for listening in 2021! If you have any questions about your new year financial strategy, connect with us at www.MattsonFinancial.com.
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While many of us are wishing that Santa could bring us an easier-to-predict market, it doesn't look like that's going to happen after a wild December. Gary & Laurel offer some perspective on this week's episode, plus we'll discuss why the floodgates are open for the surge of baby boomers who want to retire. Schedule a New Year retirement checkup now at www.MattsonFinancial.com.
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In a fast-moving market, it's hard to know when to make the right moves or sit on the sidelines. This week, Gary & Gerald address how to approach volatility, especially if you're retired or close to it. Need a portfolio checkup? Schedule a chat at www.MattsonFinancial.com.
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Millions have left the workforce in 2021, leading many to call this "The Great Resignation." This week, Gary & Laurel discuss how that's affecting those of you who are left behind on the job. Plus, we share the story of one gentleman who's bucking the current trends. Tell us how you've been impacted by the labor shortage at www.MattsonFinancial.com.
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Why do many Americans celebrate lottery winners, but want to punish those who've built their own wealth? We dive into that topic on this week's podcast with Gary & discuss strategies for protecting your wealth, no matter how much you've saved. Want more lessons from your Money Mentors? Take advantage of our resources at www.MattsonFinancial.com.
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Instead of waiting in line on Black Friday for a new TV or toy, let's talk about the biggest sale no one's talking about - the one on taxes & fees! This week, Gary explains the substantial savings you might be able to find by investing a little time in your portfolio. Want to find out how you can save? Schedule a virtual visit now at www.MattsonFinancial.com.
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The holidays are almost here...but before you get busy celebrating with family & friends, it may be time to address a couple of things on your financial to-do list. This week, Laurel discusses moves you might want to consider when it comes to prepping your portfolio for inflation, and also addressing RMDs if you're over 72. Have a question for your Money Mentors? Connect with us at www.MattsonFinancial.com.
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Congress is working well into the 4th quarter on the latest spending and tax proposals, so what will it mean for your bottom line? Gary & Laurel discuss that on this week's episode...plus, why there might be an opportunity for investors as gas prices rise. Need a year-end retirement check-up? Connect with us at www.MattsonFinancial.com.
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Kelley Blue Book says the average new car price has hit a record high. On this week's episode, Gary & Gerald reveal the number...and how to try to keep your portfolio growing along with inflation. Have a question for your Money Mentors? Drop us an e-mail at www.MattsonFinancial.com.
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A former Treasury Secretary says the Federal Reserve's "woke" policies are hurting consumers. This week, Gary & Laurel discuss what we can do as individuals instead to deal with rising inflation. And we'll discuss the retirement challenges for those who own a small business - and those who want to work for fun in their retirement years. Schedule a year-end review with your Money Mentors at www.MattsonFinancial.com.
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You get one body and one life, so making the right decisions about health care are key for retirees. This week, Gary & Laurel discuss how to navigate the complicated Medicare rules, plus the things to consider if you're losing your job because of vaccine mandates. Need help making these decisions? Schedule a chat at www.MattsonFinancial.com.
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Our favorite football teams are enjoying undefeated seasons - so far! Now it's time for us to finish our own 4th quarter by making the right plays financially. Join Gary & Laurel this week as they discuss this, plus the latest threats to our retirement success. Schedule a year-end retirement checkup now at www.MattsonFinancial.com.
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After a couple of rocky weeks on Wall Street, where are we headed next? We'll hear what a couple of analysts think on this week's podcast. Plus, is your job killing you? A new study has some shocking stats on this. Have a question for Gary & Laurel? Connect with your Money Mentors at www.MattsonFinancial.com.
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With big point swings over the last couple of weeks on Wall Street, it might be time to assess your risk & how comfortable you are with market volatility. Taylor & Laurel address that on this week's episode, plus discuss some of the latest details on tax proposals in Washington. It's a great time to schedule a year-end retirement check-up at www.MattsonFinancial.com.
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The market is changing as quickly as the weather this fall. On this week's episode, Gary discusses how a real strategy differs from simply timing the market. Plus, why so many retirees have trouble spending what they've saved for retirement. Schedule a fall checkup on your retirement at www.MattsonFinancial.com.
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It's our favorite time of year...football season! And just as players and coaches are facing penalties for making the wrong moves, so can retirees. This week, Gary breaks down the most common penalties you need to be aware of. Plus, we'll discuss what you're really paying for your 401(k). Have a question for your Money Mentors? Schedule a 15-minute phone call at www.MattsonFinancial.com.
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From Afghanistan to the pandemic to tax proposals, there are plenty of headlines to distract us from our financial goals. This week, Gary discusses the most common concern among retirees right now, and why now is the time for proactive planning. Need a retirement checkup? Connect with us at www.MattsonFinancial.com.
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The Tax Foundation has crunched the numbers on how much Michigan taxpayers might see their tax bills go up under several different tax proposals being discussed in Washington. Find out from Gerald this week on why yours may be even higher. Plus, it's been another record-setting quarter for 401(k)s! Need some help with your 401(k) or tax strategy? Connect with us at www.MattsonFinancial.com.
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Is a million dollars enough for retirement? And can you ever be too rich? Maybe! Gary & Allison discuss this and more on this week's episode. Have a question about how much you've saved for retirement? Connect with us at MattsonFinancial.com.
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Washington's trying to justify spending trillions more to pull us out of the pandemic funk, but what are the long-term impacts on your retirement? This week, Gerald Green breaks down how to take more control of these risks while you still can. Have a question for your Money Mentors? Connect with us at MattsonFinancial.com.
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Sure, there's a lot of uncertainty over the pandemic and politics, but Gary & Gerald see a lot of optimism for the local economy. Hear why on this week's podcast! How's your personal economy? Let us know at www.MattsonFinancial.com.
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Some of the athletes coming home from Tokyo could soon have a tax bill waiting for them. Is that fair? Gary & Taylor discuss it on this week's episode, plus one tax proposal that could have a big impact on family farms & small businesses. Check out more resources from your Money Mentors at www.MattsonFinancial.com.
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We get one shot to get retirement right, so the key is to avoid making major mistakes along the way. This week, Gary & Taylor discuss the four big ones to avoid. Your Money Mentors also explain why they often work with multiple generations of one family. Get to know our family at MattsonFinancial.com.
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Is now a good time to buy a new boat - or maybe a new truck? Gary & Gerald discuss the advantages of looking for a deal in our current economy. Plus, we'll discuss the "secret" of compound interest & the challenges of getting couples on the same page for retirement. Have a question for your Money Mentors? Connect with us at MattsonFinancial.com.
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There's Washington's definition of your "fair share" of taxes - then there's your definition. How can you get that number lower in retirement? Listen this week as Gary & Laurel discuss your options. Plus, we reveal the top relocation state for retirees...and it's not what you might think! Schedule a chat with your Money Mentors at www.MattsonFinancial.com.
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Despite all the headlines about GameStop, meme stocks and bitcoin, Vanguard says most investors are still using "vanilla" retirement strategies. But does late Vanguard founder Jack Bogle's advice still hold true in this market? Gary & Laurel weigh in on this week's episode. Schedule a portfolio check-up at MattsonFinancial.com.
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Volatility and inflation are heating up this summer, so it might be time to re-evaluate how your portfolio's keeping up. Gary & Gerald also share what we can learn from one young entrepreneur with a lemonade stand! Take a minute to schedule a mid-year retirement check-up at www.mattsonfinancial.com.
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The cost of just about everything is going up, but there might be an upside for those who want to clean out the garage this summer. This week, Gary & Taylor also discuss how to prep your portfolio for higher inflation. Plus, a new report sheds light on just how much - or how little - the wealthy are paying in taxes. Find more lessons from your Money Mentors at www.MattsonFinancial.com.
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For those of you winding down your careers, sometimes it's fun to look back at how far you've come! This week, Gary & Laurel reminisce about their first jobs & the shock of taxes on that first paycheck...plus, what changes for us tax-wise when we reach retirement. When you're ready to wrap up your last job, reach out to your Money Mentors at www.MattsonFinancial.com.
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Retirement accounts have recovered from last year’s nosedive, but with rumblings that the bull market is ending, where do we go from here? Plus, proper estate planning can save your loved ones from unnecessary stress. Begin your plan at www.MattsonFinancial.com.
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Some experts say the rising inflation rates could be the next “Black Swan” event. The Money Mentors share ideas on ways to protect yourself from inflation, and the growing worries over future rising taxes. Learn more about protecting your money at www.MattsonFinancial.com.
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People who have $1 million or more, and manage their own money, are showing behaviors to indicate they’re nervous about the market. Should you be paying more attention to these indicators? Plus, the new programs President Biden is proposing may cost $700 billion more than he projected, causing concerns that taxes will go up beyond those who make $400k/year. Take steps to help protect your money at www.MattsonFinancial.com
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President Biden is pushing another big spending plan that may hurt small business owners by eliminating the “stepped-up basis” at death. The Money Mentors talk about ways this could affect your legacy plans and create major tax burden for your heirs. And you’ve heard of Roth accounts, you’ve heard of lifetime annuities, but have you heard of a combined “Roth annuity.” Learn about creating your retirement income plan at www.MattsonFinancial.com
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Inflation has become one of our biggest economic concerns. The Fed insists it’s only a temporary rise, but some experts disagree. How can you work to protect your money? Plus, one of the most confusing tools of retirement planning, can also help solve one of the most basic problems a retiree will face. How can an annuity work in your plan? Learn more at www.MattsonFinancial.com
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First, congress abolished the “Stretch IRA,” forcing you to withdraw all the money from an inherited IRA within 10 years. At least you could choose when and how to take it within that time. Now, a new IRS publication suggests you might have to take an RMD in each of those ten years. The Money Mentors talk about what that means for those who’ve built an estate plan around the “10-year rule”. Plus, examining the risk in your 401(k). Worried you’re too aggressive? Or, too conservative? Visit www.MattsonFinancial.com
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April 17th is “Tax Freedom Day”…Surprisingly, most people still don’t do anything to lower their tax obligations, even though there are strategies designed to do that. The Money Mentors explain the critical tax conversations you should be having with your financial advisor. Plus, what options do you have if offered a lump sum buyout on your pension? Want to learn more about your pension options? Visit www.MattsonFinancial.com
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Are you over-paying… or are you taking full advantage of the tax laws that might work to your benefit? The Money Mentors explain why having a good tax strategy might be even more important than having a good investing strategy. How can you start to “plan” your taxes? Visit www.MattsonFinancial.com
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We’ve all been Google’ing a variety of things these last months, but there’s been a spike on one word in particular. What does it have to do with your future? Also, before you know whether you can afford to retire, you need to be able to answer this one question. Wonder when you’ll be able to quit the 9 to 5? Visit www.MattsonFinancial.com.
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96% of Americans say Social Security is one of the most important programs we have, but is it basically just a type of an annuity? And when it comes to saving for retirement, is it better to save in your company’s 401(k)… or in a self-directed IRA? The more popular choice is not necessarily the smart choice. Are you making the smartest choices for your financial future? Visit www.MattsonFinancial.com.
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It might seem like everybody’s using one of those robo-advisors, yet several surveys show that people who work with human advisors are more confident about their financial future. So, what’s the difference? Plus, when it comes to figuring out how much money you’ll need to be happy in retirement, first decide the amount you’ll need then, work your way backwards. Think you’ll need help doing the math? Plan a time to meet with the Money Mentors at www.mattsonfinancial.com.
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Crypto currencies: many criticize them, while others say they may be the wave of the future. But is it a good retirement investment? Plus, the ongoing debate about annuities. Are they good…Are they bad…Or, are they just another “retirement tool?” Is your retirement toolbox filled with the different strategies you’ll need? Visit www.mattsonfinancial.com.
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As we’re living longer you need to make sure you’re prepared for healthcare costs in retirement. Laurel and Taylor talk about the risks of not having proper health and long-term care plans in place. Plus, with all the different financial titles and designations, what should you look for in a retirement planner? Schedule a time to review your current plan to check that you’re covered in all areas at www.mattsonfinancial.com.
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Some experts agree that you should always keep some stocks in your retirement portfolio for this reason. Gary and Gerald clarify the importance. Plus, 1-in-3 Retirees say they’re not prepared for this retirement rule. Are you prepared for ALL areas of retirement? Plan a time for your complimentary financial review at www.mattsonfinancial.com.
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Marriage is about having a partnership in all areas, but wives are often left out of financial conversations. Gary and Laurel discuss the importance of both spouses being involved with the retirement planning process. Then, should we be bracing for a period when the market might not be “the way to go”? Take the time to check your market risk and schedule a financial review at www.mattsonfinancial.com.
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This surprising new trend might work in real estate but proper retirement planning often requires more than what a robo-advisor might provide. Gary and Laurel explain what to keep in mind in the digital age. Plus, a survey to see how many baby boomers want to live to 100 rendered results that further prove the importance of having a personalized retirement plan in place. Schedule a time to get to work on your plan at www.mattsonfinancial.com.
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One of Michigan’s own is the lucky winner of the $1 Billion Mega Millions jackpot. Gary and Laurel talk about ways to manage that kind of money while pointing out that those who have much less will still likely need the same kind of professional advice in managing those savings. Schedule a time to go over your money management questions at www.mattsonfinancial.com.
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Interest rates are low right now but, believe it or not, they could drop even lower, possibly even into negative territory. With that in mind, Gary and Laurel talk about alternatives that might be better than paying the banks to hold your money for you. Schedule a time to go over your questions and concerns at www.mattsonfinancial.com.
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Many new year's resolutions focus on health, and on this week's show, Gerald focuses on what the average couple can expect to pay in health care costs over the course of their retirement. Also, some steps to take to make your financial plans for 2021 better than 2020. Take the first step by scheduling a time to speak with the team at https://mattsonfinancial.com
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There are lots of things to be excited about at the start of a new year. Especially after a year like we just experienced. Maybe 2021 is the year you plan on retiring, or maybe you're not sure when you'll be able to. This week, Gary and Laurel talk about the things you need to consider to come up with that answer. Resolve to make 2021 the year you start getting serious about retirement planning at www.mattsonfinancial.com.
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Before we bid a fond good riddance to 2020, there are a few things we might want to do financially to make sure we’re on track for retirement. This week, Laurel & Taylor discuss how to assess where you stand for retirement after a crazy year, and why you may want to address your tax strategy now. Schedule a time to go over your year-end questions at www.mattsonfinancial.com.
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Fox Business says a new survey shows a majority of Americans believe the outcome of the election could hurt them, financially. And surprisingly, people from both parties feel that way! So what can you control from here? Gary & Laurel discuss the steps you might want to address now that we have more clarity about what’s ahead both politically & with the coronavirus. Schedule a time to go over your year-end questions at www.mattsonfinancial.com.
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One thing’s clear after the election – pollsters got it wrong! But don’t make the same mistakes in trying to predict what the market might do next. This week, Gary & Gerald discuss how they’re helping people navigate the election aftermath. Have questions about where we go from here? Be sure to sign up for our post-election town hall meeting on Wednesday, November 11th at https://mattsonfinancial.com/events/.
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After Tuesday, we hope to have a winner in the presidential election, but what will that mean for your portfolio? And should you let your political beliefs affect your investment strategy? Gary & Gerald discuss that this week, plus why some boomers may be re-thinking retirement after the pandemic. Be sure to sign up for our post-election town hall meeting on November 11th at https://mattsonfinancial.com/events/.
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Nervous about the upcoming election? Afraid to make any moves with your money ahead of time? You’re not alone. This week, Laurel & Taylor discuss the uncertainty surrounding the election and how you can gain some perspective on how it might affect you financially. Plus, we’ll discuss what might happen to tax rates from here. Join us for our upcoming town hall meeting at https://mattsonfinancial.com/events/.
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The chill in the air reminds us that 2020 is winding down, but there’s still time to make some financial moves before the end of the year. This week, Gary, Laurel & Taylor discuss the tax & Medicare decisions you might want to make soon – plus why it might make sense to refinance your mortgage. Schedule a time to go over your questions at www.mattsonfinancial.com.
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USA Today says the recent reports on President Trump’s tax returns have some Americans wondering what they’re doing wrong when it comes to their taxes. This week, Gary & Gerald explain how you can take advantage of the tax rules to keep more of your money in retirement. Have a question about your retirement tax strategy? Request our tax guide at www.mattsonfinancial.com.
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Let’s face it…we didn’t get much new information out of last week’s Presidential debate, but we do know what the candidates have proposed. So this week Gary & Laurel break down former VP Joe Biden’s tax proposal and what it could mean for your retirement. Want to know more about how the upcoming election could affect your finances? Register for our October 6th webinar at https://mattsonfinancial.com/events/
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You probably have your own opinions about who you’d like to win in November, but what would Wall Street prefer? We’ll hear market historian Sam Stovall’s take on this episode, plus Gary & Laurel offer some perspective on how the election could affect us financially. This is also the topic of our October webinar. Be sure to register at https://mattsonfinancial.com/events/
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By now, most of us have had enough of 2020, but one analyst says next year could be one of the best economic years in U.S. history. So how can we position ourselves for a better 2021, especially with an election coming up? Gary & Laurel discuss that, as well as offer some perspective on politics & your finances. Don’t forget – this is also the topic of our October webinar. Sign up at https://mattsonfinancial.com/events/
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Could you give up coffee, shopping or even the family pet in order to retire early? Gary & Gerald discuss the results of a new survey on what we’d be willing to sacrifice. Plus, does playing poker make you a better investor? Forbes says it might! Find out how much of a risk-taker you are. Get your personalized risk score at www.mattsonfinancial.com.
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You won’t believe the latest tax proposal in California. Some lawmakers want to tax the wealthy – even if they move out of state! Gary & Gerald discuss how to protect your savings from all the crazy ways that politicians want to tax us in the future. Plus, there’s a new fee coming soon when you refinance. We’ll discuss the math you need to consider if you’re refinancing or updating your home. Have a question? Drop us an e-mail at www.mattsonfinancial.com.
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Did you know there’s a difference between being rich and being wealthy? Gary & Laurel explain that this week. But first…some big news for the Mattson family! Grandma is returning home to Michigan at the age of 96. Hear how her retirement journey has changed. Plus, we’ll share some good news about our retirement accounts during the pandemic. Get started on your Retirement Roadmap at www.mattsonfinancial.com.
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The whole “Men are from Mars, Women are from Venus” thing may be true when it comes to finances. This week, Laurel & Ally discuss why women’s needs are different in retirement. Want to learn more? Join us for this week’s “Smart Women, Smart Retirement” webinar. It’s free when you register online at www.mattsonfinancial.com/events.
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The U.S. just recorded its worst economic slide since World War II, but how’s your personal economy holding up in 2020? Gary & Laurel add some perspective to the headlines. Plus, is retirement planning easier for high-income earners? Maybe not! Schedule a call to go over your questions at www.mattsonfinancial.com.
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“What would a Biden presidency mean for my retirement?” It’s a common question we’re getting at Mattson Financial Services right now…so this week Gary & Gerald discuss some of the Democratic presidential candidate’s policies and how that could affect your taxes. Plus, how can you protect your personal economy during the pandemic? Schedule a call to go over your questions at www.mattsonfinancial.com.
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What will health care really cost you in retirement? The National Bureau of Economic Research put a number to it…we’ll tell you what it is! Plus, we’ll tell you what shoe shopping has to do with your retirement planning. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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A new study says due to the pandemic, the average person now forgets what day it is at least 5 times per week! Gary & Laurel discuss why that’s always been an issue for retirees, and how to plan for all that free time when you stop working. Plus, pension problems are growing worse, so what should you do if you’re worried about your future benefits? Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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Every single July, retired baseball star Bobby Bonilla receives a paycheck for more than $1 million from the New York Mets! Gerald & Taylor discuss how you can set up a Bonilla-style income plan for your retirement. Plus, with interest rates so low…how can you still get the income you need for retirement without taking more risk in the market? Have a question you’d like us to address on the podcast? Reach out to us at www.mattsonfinancial.com.
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You might feel limited with what you can do during the pandemic, but that doesn’t mean you can’t dream! This week, Gary & Laurel discuss how to start building a retirement plan that covers more than just the basics, plus some of the “bucket list” things people have shared with them over the years. Share your bucket list with us at www.mattsonfinancial.com!
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Did you know that New York charges you a tax if someone pre-slices your bagel? And in Maryland, you pay a “flush tax” for water? You may not believe all the creative ways that governments have decided to tax us, but did you know there are ways to take more control over your taxes in retirement? Gary & Laurel discuss why that can be a difference maker in this week’s episode. Have questions for your Money Mentors? Set up a 15-minute phone call atwww.mattsonfinancial.com.
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A Bankrate survey estimates that 31 million Americans have taken – or plan to take – early withdrawals from their retirement accounts during this financial crisis. But what are the long-term effects of borrowing from your savings? Plus, what if you get an early retirement or buyout offer? Gary & Laurel discuss what you might want to consider. Have questions for your Money Mentors? Set up a 15-minute phone call at www.mattsonfinancial.com.
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Stocks have rebounded nicely from their March lows, but is the worst behind us? Gary & Gerald explain why there may be more rough months ahead and how to prepare yourself for that. Plus, we’ll discuss the things your H.R. department may not be able to tell you about your 401(k). Talk to your Money Mentors about your questions by setting up a 15-minute phone call at www.mattsonfinancial.com.
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Expect to see more buyouts & early retirement offers in the next few months as companies deal with the fallout from the coronavirus crisis. This week, Gary & Laurel discuss what to consider if you get one of those offers. Plus, many businesses are passing on a “COVID-19 surcharge” to their customers. You might notice that, but have you paid attention to some of the hidden fees within your investments? Send us your questions for your Money Mentors at www.mattsonfinancial.com.
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It’s been a tough week for Gary, but Gerald’s return to the office is helping to brighten his mood. And let’s face it – these are tough times for all of us, but how can you make it through the financial crisis? Gary & Gerald discuss the strategies that can help you enjoy your retirement, even during a down market. Have more questions for us? Drop us an e-mail at www.mattsonfinancial.com.
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Is the worst behind us during this financial crisis? Or is there more pain ahead? And what should you do if you were on the verge of retirement as this crisis began? Gary & Laurel have some tips for you. Have more questions for us? Drop us an e-mail at www.mattsonfinancial.com.
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The coronavirus has certainly changed the way we feel about our physical and financial health. This week, Gary & Laurel share the perspective of Michigan State economist Dr. Lisa Cook, who has served on the White House Council of Economic Advisors. Listen to what she shared with us about the prospects for recovery & the impact on baby boomers. Dr. Cook will join us soon for one of our educational webinars. Sign up online at https://mattsonfinancial.com/events/.
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If you were planning to retire before the coronavirus crisis began, can you still retire now? Gary & Laurel address this question and a few others from listeners on this week’s podcast. Plus, they’ll explain what you might want to consider if your company offers you an early retirement package or buyout. Have more questions for us? Drop us an e-mail at www.mattsonfinancial.com.
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Quarantined with your spouse? That can lead to some interesting conversations about your money & risk. Gary & Laurel discuss how to approach that topic together. Some listeners share what they would’ve done differently if they’d known this crisis was coming. Plus, there are certain items flying off the shelves (other than TP!). We’ll tell you what they are! Don’t forget…you can get your personalized risk score now at www.MattsonScore.com.
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It’s been 50 years since the Apollo 13 near disaster, which NASA managed to survive. Today, we’re trying to survive another near disaster with the economy. Gary explains how you can use the same methodical approach the astronauts used to help put you in a position to recover. Plus, some good news from music legend Dolly Parton this week! Don’t forget…you can get your personalized risk score now at www.MattsonScore.com.
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Have questions about how the coronavirus crisis has affected your finances – and what the stimulus package means for you? Gary & Laurel addressed that this week on NewsRadio WOOD 1300 and 106.9 FM’s “Talk of the Town.” You can listen to that here! Don’t forget…you can get your personalized risk score at www.MattsonScore.com!
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We’re getting more used to this stay-at-home thing, right? But what actions can you take to help protect your retirement while you wait out the crisis? Gary & Laurel explain on this week’s show. Don’t forget…you can get your personalized risk score at www.MattsonScore.com!
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Thank goodness for technology! During this time of social distancing, it’s still bringing us together. This week, Laurel & Taylor use FaceTime to explain how to help protect your portfolio, even in volatile markets like this one. Don’t forget…you can get your personalized risk score at www.MattsonScore.com!
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The recent market sell-off is worrisome for retirement savers. This week, Gary & Gerald break down the facts versus the fear. Plus, Gary outlines the steps to consider if you’re laid off, still working or already retired. Don’t forget…you can get your personalized risk score at www.MattsonScore.com!
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Sure, the headlines are a little scary right now, but does this volatile market present some opportunities? Gary & Gerald discuss that this week. Don’t forget…you can get your personalized risk score at www.MattsonScore.com!
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As the coronavirus spreads, so does fear on Wall Street. This week, Gerald & Laurel offer some perspective on the headlines and what it means for your retirement. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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A new CreditCards.com survey says 44% of couples who are married or living together are keeping financial secrets. Gary & Laurel discuss why that can damage your financial future together. Plus, credit card companies are raising fees again. You might notice that, but what about the fees you’re paying on your investments? Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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This month marks the 107th anniversary of the 16th Amendment authorizing the income tax! But not many of us are celebrating. Gerald and Laurel discuss ways to help maximize your tax savings in retirement. Plus, a new study has some interesting numbers on what it might take to retire in Michigan. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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The 2020 election is becoming a concern for some top fund managers…should it be a concern for you? Gary & Laurel also discuss how to manage your expectations when trying to grow your wealth. Plus, they’ll explain the phrase “OK Boomer” – and what different generations can learn from each other. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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He’s a retired football star, baseball player, TV analyst, author – and newlywed! This week, Gary & Laurel share their recent interview with Tim Tebow. Get his thoughts on everything from starting a family to the best & worst investments he’s made. Plus, learn how you can help Tim change lives worldwide through the Tim Tebow Foundation. Find out more at www.mattsonfinancial.com.
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This week, Gary & Laurel explain the relationship they have with their clients at Mattson Financial Services. Plus, a wave of GR police officers are retiring in 2020…we’ll discuss why & what to consider if you’re eligible to retire in your 50’s. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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You might’ve missed this over the holidays – Congress has approved some major changes to certain retirement rules. We’ll discuss how they might affect you. Plus, talk show host Sean Hannity weighs in on the future of Social Security. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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Happy New Year! The start of a new year (and a new decade) is a chance to reset your focus financially. Don’t know where to start? Laurel & Taylor will give you some resolutions to consider. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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2020 is just around the corner – and it will be the start of a new tax year. But have you taken advantage of the newest tax rules that have been in place since 2018? If not, it might be time to make some New Year’s tax resolutions! Gerald & Laurel explain the changes & why this is the best planning opportunity in years. Drop us an e-mail with questions for your Money Mentors at www.mattsonfinancial.com.
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You can’t escape the political headlines these days, but should you let that interfere with your investment strategy? Brian Kilmeade of “Fox & Friends” weighs in on that. Plus, how can working with a tax-savvy advisor help you keep more money in retirement? Have a question for your Money Mentors? Drop us an e-mail at www.mattsonfinancial.com.
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There’s a lawsuit making headlines that has Gary fuming this week! You won’t believe this one. Plus, why Gary & Gerald are fired up about the market & taxes this time of year. Remember, you can drop us an e-mail with your questions for your Money Mentors online at www.mattsonfinancial.com.
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