Money Mentors

The Next Black Swan

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.See omnystudio.com/listener for privacy information.

Why Are “Self-Money Managers” Worried About The Market?

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.comSee omnystudio.com/listener for privacy information.

How Biden’s Tax Plan Could Ruin Small Business Owner’s Legacy Plans

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.comSee omnystudio.com/listener for privacy information.

The Most Confusing Tool, Can Help Solve Your Biggest Worry

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.comSee omnystudio.com/listener for privacy information.

The IRS Has A New Idea For Your IRA

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.comSee omnystudio.com/listener for privacy information.

What To Do If Offered A Buyout On Your Pension

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.comSee omnystudio.com/listener for privacy information.

The “3 Tax Groups” Of Investments

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.comSee omnystudio.com/listener for privacy information.

There’s Been A Spike On Google Searches Of This Word

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.See omnystudio.com/listener for privacy information.

Social Security: It’s Just Like An Annuity

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.See omnystudio.com/listener for privacy information.

Bots Are Not Better

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.See omnystudio.com/listener for privacy information.