Money Mentors

The 5-Year Retirement Plan: Calculating Expenses

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. 

The 5-Year Retirement Plan: Income Replacement

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 & Your Money

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. 

The Banking Crisis: Reassessing Risk

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. 

Too Much Cash Stashed?

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. See omnystudio.com/listener for privacy information.

How Changes to the UCC Could Affect Me

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. See omnystudio.com/listener for privacy information.

The Reverse Boomerang Effect for Retirees

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. See omnystudio.com/listener for privacy information.

Key 401(k) Decisions Whether You’re Saving or Spending

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. See omnystudio.com/listener for privacy information.

The Lasagna Inflation Index

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. See omnystudio.com/listener for privacy information.

What To Do With an Inherited 401(k)

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. See omnystudio.com/listener for privacy information.