Money Mentors

The Brackets That Really Matter This Time of Year

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. 

What To Consider in Tough Retirement Scenarios

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. 

3 Ways You Might Be Able to Save On Taxes as You Close in on Retirement

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. 

Wait...I Pay Taxes on My Social Security Benefits?!

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. 

The Great Wealth Transfer

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. 

Retirement Shouldn't Mean Having to Take a Pay Cut

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. 

Peak 65: Are You Part of the Trend?

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. 

Taking Advantage of Tax Season

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.  

4 Ways Retirement Planning is Changing This Year

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. 

Retiring in 2024? Consider These Steps

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.