Money Mentors

Money Mentors

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!

Episodes

May 10, 2021 11 min

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.Mattson...

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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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April 26, 2021 11 min

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). ...

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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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March 15, 2021 12 min

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 Mon...

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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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February 15, 2021 10 min

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.mattsonfin...

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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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January 18, 2021 11 min

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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January 11, 2021 10 min

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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January 4, 2021 12 min

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...

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November 23, 2020 8 min

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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November 16, 2020 9 min

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.m...

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November 9, 2020 7 min

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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