April 24, 2025 • 7 mins
Founder and Advisor of Mattson Financial, Gary Mattson joins us for a Talk of the Town!
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
It is Talking the Town on Wood Radio Steve Kelly
and Brett Keita from West Michigan's Morning News, joined by
Gary Metson, the founder and advisor at Madson Financial Services,
co host of Money Mentors Saturdays ten am, Sundays eleven
Am on Wood Radio.
Speaker 2 (00:15):
Hey Gary, good morning everybody, especially Steven Brutt. Good to
talk to you guys.
Speaker 1 (00:20):
No matter how someone feels politically, it's been a roller
coaster ride financially for the first few months of the year,
from inauguration day to new executive orders, federal job cuts,
to tariffs, and now market volatility. It's a lot to digest.
But as a financial advisor, how do you help people
react to what's happening and prepare for what might be next.
Speaker 2 (00:41):
You're one hundred percent that's a lot to take in
and look at how quickly that's happened throughout the year.
So we assist our clients putting these pieces in perspective
and sharing historically what to expect on what's going on
with the market. You know, I think the president is
trying to get everything done he can in the first
two years in office, and as we all know, markets
(01:03):
don't like change. As we've seen. However, getting a balanced budget,
saving on government waste, and removing some of the federal
control back to the states will definitely improve the market's
long term results.
Speaker 3 (01:15):
So Gary, one of my job duties. I didn't know
this originally when I started with radio, but as Steve
and I became friends.
Speaker 1 (01:21):
I know where you're going with this.
Speaker 3 (01:22):
So let Steve know when to and when not to
look at his four o one K because I do
it more frequently. But with that said, it might be
tempting as you look at your four oh one k
right to say, oh, I need to make some moves,
I need to do this with that. Should we do that?
Speaker 2 (01:37):
Well, first off, don't do it with emotion, Steve, okay
and everybody else thank you. Yeah. So, if you're holding
just stocks and bonds in your portfolio and you're contributing
to your retirement plan, you know, just ignore the noise.
Just ignore it quite frankly. Your ongoing investments are buying
assets that are on sale right now, so keep contributing
(01:58):
and semi annually rebounce these to assets, rebounties assets to
align with your retirement timeline and goals. Now, if you
need help with that, our office consists this and you
can leave your assets right where they're at within your
retirement plan. Now. If you're in retirement, now is a
great time to see what triuks are advisable to your portfolio,
(02:20):
and you can take advantage of where the stock market
is offering opportunities like dividend stocks and defensive consumer stocks.
They're a great place to weigh out the emotional rollercoaster.
And here again we can look at your current holdings
give you some great options of little tweaks that will
build great rewards going forward.
Speaker 1 (02:39):
That familiar voice is Gary Mattson, founder and advisor with
Matts and Financial Services, co host of Money Mentors on
WOULD radio. Let's talk more about opportunities that come with
market dips. We often hear by the dip, but you
say there's another tax planning opportunity that comes with those
What do you mean by that?
Speaker 2 (02:58):
Well, if you're looking at a tax plan as well
as market opportunities, right now is a great time to
reposition some of your iras into a roth IRA and
never pay taxes on these funds. Again, this reduce here
requirement and distributions as well, so you're converting or selling
at a lower stock price. Right now, which means less
(03:20):
taxes and then when the recovery comes, say you get
a twelve thirteen or more percent, and now it's tax
free for future income and you can hold the same
positions that that's right for your portfolio.
Speaker 3 (03:33):
So, Gary, how about this. We have a lot of
people in our audience, as you know, and you talk
to them on your show too, that might be circling
that date for retirement, might have just retired or going
to the next year. Then they see what you just
talked about, what we've been talking about in this segment happen.
You know, what should they do and to get that
consistent paycheck moving forward in.
Speaker 2 (03:54):
Retirement, Well, this is a great time to have a
second opinion and make sure you're retirement is going to last.
Just like you said. So, we assist our clients by
setting up an income bucket first that they can never outlist.
We take money in from growth and put that into
the income bucket and so they'll never run out of money. Now,
(04:15):
once you have that review with us, then it's time
to plan on who you're going to give your money to.
When you're planning on doing your gifting or pass on
to beneficiaries, and then finally, how to reduce the taxes
for you and your beneficiaries. And if you're truly blessed,
it's also a great time, almost a perfect time to
set up your wealth for long term family heritage. Let's
(04:37):
face it, the Rocket Pellowders, Kennedys and even the JP
Morgan's of the world didn't just one day say I'm
going to pass on my wealth. They planned it out
to mitigate the tax man and make sure their errors
were financially literate. We can do the same for you.
And it's not about having millions of dollars, just two
hundred and fifty thousand dollars or more. You should be
(04:58):
looking at the same things of how to heritage plans
for your family.
Speaker 1 (05:03):
And it's not like it's a bad thing to reach
out and ask for help, right, I get it. Maybe
you're good at producing whatever it is and you just
need a little backup plan, Like you said, you need
somebody who does this for a living. You've got one
savings account maybe one four to oh one k Gary
and the folks at Match and Financial are in charge.
Speaker 2 (05:23):
Of a lot of them. Yeah, and here's the thing,
it's not what you know that's going to hurt you.
It's what you don't know. And we've investing has changed very,
very much over the last twenty five years, and the
avenue is where you can have risk in your portfolio
and mitigate that risk so you have downside protection but
be in the market. Those are some new opportunities that
(05:43):
we've been seeing used the last ten years and they
really help out clients have that peace of mind so
that they know that when the markets dip, they're not
only going to not participate in that, but they can
take advantage of that.
Speaker 3 (05:56):
You know what, Gary, I bet you're getting a lot
of this too with some phone calls into that's in
financial You know, I look at it. I'm in my
early fifties, Steve just turned sixty. But we have both,
I know, been educated immensely along with our spouses and
you know, brothers and sisters with maybe a death in
our family and we've had to deal with it as
an executor, maybe helping an executor, right, and so that
(06:17):
can be helpful when you're trying to plan, like you said,
for your family heritage. But boy, when you're thrown in
the first time and you've never done that before, you
really need to do have some advice.
Speaker 2 (06:26):
Yeah, it's kind of interesting when we sit down with
clients and they'll bring their child and who's in charge
of it, And I'll look at him and says, what
do you do to piss off mom and dad? It
is because it is a job, and it's a big job.
So what we do for our clients is that we
make sure that everything's done ahead of time. We talk
to the executor who's going to be taking that over
(06:47):
for the family. We educate them. And again, here's where
you can get in trouble because you may think things
you're doing is right, but crudentially or if you would producially,
you have a goal that you have to maintain within
the plan of the family, and if you go outside
of that, even one little step, you can be taken
down in too. So once again, I always ask is
(07:09):
that what you do wrong in the family? Why do
they don't like you? But number two is, let's make
sure you're doing it the right way.
Speaker 1 (07:15):
That is Gary Mattson, founder and advisor at Madison Financial Services,
co host of Money Mentors. You hear that show on
wood Radio Saturdays at ten and coming up Sundays at
eleven on Wood Radio. Gary Matson, always great stuff. We
appreciate hearing what you have to say, and we.
Speaker 2 (07:30):
So appreciate the Wood listeners for Matsive Financial Service and
us helping them.
Speaker 1 (07:34):
This is Talking to Town on Wood Radio.
It is Talking the Town on Wood Radio Steve Kelly
and Brett Keita from West Michigan's Morning News, joined by
Gary Metson, the founder and advisor at Madson Financial Services,
co host of Money Mentors Saturdays ten am, Sundays eleven
Am on Wood Radio.
Speaker 2 (00:15):
Hey Gary, good morning everybody, especially Steven Brutt. Good to
talk to you guys.
Speaker 1 (00:20):
No matter how someone feels politically, it's been a roller
coaster ride financially for the first few months of the year,
from inauguration day to new executive orders, federal job cuts,
to tariffs, and now market volatility. It's a lot to digest.
But as a financial advisor, how do you help people
react to what's happening and prepare for what might be next.
Speaker 2 (00:41):
You're one hundred percent that's a lot to take in
and look at how quickly that's happened throughout the year.
So we assist our clients putting these pieces in perspective
and sharing historically what to expect on what's going on
with the market. You know, I think the president is
trying to get everything done he can in the first
two years in office, and as we all know, markets
(01:03):
don't like change. As we've seen. However, getting a balanced budget,
saving on government waste, and removing some of the federal
control back to the states will definitely improve the market's
long term results.
Speaker 3 (01:15):
So Gary, one of my job duties. I didn't know
this originally when I started with radio, but as Steve
and I became friends.
Speaker 1 (01:21):
I know where you're going with this.
Speaker 3 (01:22):
So let Steve know when to and when not to
look at his four o one K because I do
it more frequently. But with that said, it might be
tempting as you look at your four oh one k
right to say, oh, I need to make some moves,
I need to do this with that. Should we do that?
Speaker 2 (01:37):
Well, first off, don't do it with emotion, Steve, okay
and everybody else thank you. Yeah. So, if you're holding
just stocks and bonds in your portfolio and you're contributing
to your retirement plan, you know, just ignore the noise.
Just ignore it quite frankly. Your ongoing investments are buying
assets that are on sale right now, so keep contributing
(01:58):
and semi annually rebounce these to assets, rebounties assets to
align with your retirement timeline and goals. Now, if you
need help with that, our office consists this and you
can leave your assets right where they're at within your
retirement plan. Now. If you're in retirement, now is a
great time to see what triuks are advisable to your portfolio,
(02:20):
and you can take advantage of where the stock market
is offering opportunities like dividend stocks and defensive consumer stocks.
They're a great place to weigh out the emotional rollercoaster.
And here again we can look at your current holdings
give you some great options of little tweaks that will
build great rewards going forward.
Speaker 1 (02:39):
That familiar voice is Gary Mattson, founder and advisor with
Matts and Financial Services, co host of Money Mentors on
WOULD radio. Let's talk more about opportunities that come with
market dips. We often hear by the dip, but you
say there's another tax planning opportunity that comes with those
What do you mean by that?
Speaker 2 (02:58):
Well, if you're looking at a tax plan as well
as market opportunities, right now is a great time to
reposition some of your iras into a roth IRA and
never pay taxes on these funds. Again, this reduce here
requirement and distributions as well, so you're converting or selling
at a lower stock price. Right now, which means less
(03:20):
taxes and then when the recovery comes, say you get
a twelve thirteen or more percent, and now it's tax
free for future income and you can hold the same
positions that that's right for your portfolio.
Speaker 3 (03:33):
So, Gary, how about this. We have a lot of
people in our audience, as you know, and you talk
to them on your show too, that might be circling
that date for retirement, might have just retired or going
to the next year. Then they see what you just
talked about, what we've been talking about in this segment happen.
You know, what should they do and to get that
consistent paycheck moving forward in.
Speaker 2 (03:54):
Retirement, Well, this is a great time to have a
second opinion and make sure you're retirement is going to last.
Just like you said. So, we assist our clients by
setting up an income bucket first that they can never outlist.
We take money in from growth and put that into
the income bucket and so they'll never run out of money. Now,
(04:15):
once you have that review with us, then it's time
to plan on who you're going to give your money to.
When you're planning on doing your gifting or pass on
to beneficiaries, and then finally, how to reduce the taxes
for you and your beneficiaries. And if you're truly blessed,
it's also a great time, almost a perfect time to
set up your wealth for long term family heritage. Let's
(04:37):
face it, the Rocket Pellowders, Kennedys and even the JP
Morgan's of the world didn't just one day say I'm
going to pass on my wealth. They planned it out
to mitigate the tax man and make sure their errors
were financially literate. We can do the same for you.
And it's not about having millions of dollars, just two
hundred and fifty thousand dollars or more. You should be
(04:58):
looking at the same things of how to heritage plans
for your family.
Speaker 1 (05:03):
And it's not like it's a bad thing to reach
out and ask for help, right, I get it. Maybe
you're good at producing whatever it is and you just
need a little backup plan, Like you said, you need
somebody who does this for a living. You've got one
savings account maybe one four to oh one k Gary
and the folks at Match and Financial are in charge.
Speaker 2 (05:23):
Of a lot of them. Yeah, and here's the thing,
it's not what you know that's going to hurt you.
It's what you don't know. And we've investing has changed very,
very much over the last twenty five years, and the
avenue is where you can have risk in your portfolio
and mitigate that risk so you have downside protection but
be in the market. Those are some new opportunities that
(05:43):
we've been seeing used the last ten years and they
really help out clients have that peace of mind so
that they know that when the markets dip, they're not
only going to not participate in that, but they can
take advantage of that.
Speaker 3 (05:56):
You know what, Gary, I bet you're getting a lot
of this too with some phone calls into that's in
financial You know, I look at it. I'm in my
early fifties, Steve just turned sixty. But we have both,
I know, been educated immensely along with our spouses and
you know, brothers and sisters with maybe a death in
our family and we've had to deal with it as
an executor, maybe helping an executor, right, and so that
(06:17):
can be helpful when you're trying to plan, like you said,
for your family heritage. But boy, when you're thrown in
the first time and you've never done that before, you
really need to do have some advice.
Speaker 2 (06:26):
Yeah, it's kind of interesting when we sit down with
clients and they'll bring their child and who's in charge
of it, And I'll look at him and says, what
do you do to piss off mom and dad? It
is because it is a job, and it's a big job.
So what we do for our clients is that we
make sure that everything's done ahead of time. We talk
to the executor who's going to be taking that over
(06:47):
for the family. We educate them. And again, here's where
you can get in trouble because you may think things
you're doing is right, but crudentially or if you would producially,
you have a goal that you have to maintain within
the plan of the family, and if you go outside
of that, even one little step, you can be taken
down in too. So once again, I always ask is
(07:09):
that what you do wrong in the family? Why do
they don't like you? But number two is, let's make
sure you're doing it the right way.
Speaker 1 (07:15):
That is Gary Mattson, founder and advisor at Madison Financial Services,
co host of Money Mentors. You hear that show on
wood Radio Saturdays at ten and coming up Sundays at
eleven on Wood Radio. Gary Matson, always great stuff. We
appreciate hearing what you have to say, and we.
Speaker 2 (07:30):
So appreciate the Wood listeners for Matsive Financial Service and
us helping them.
Speaker 1 (07:34):
This is Talking to Town on Wood Radio.
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