Financial Insanity w-Scott McLean

This is Financial Insanity w-Scott McLean. Today's show is social security and special guest George Castanis. How can we keep from counting our chickens before they hatch with finances? Depending on income is what everyone counts on in or near retirement. But with social security, there are a lot of factors to consider when planning for and taking social security. There are many variables to consider. Cost of living, healthcare and inflation can seriously impact your social security income.

This is Financial Insanity w-Scott McLean. Today's show is history of taxes. Taxes have an impact on everyone, especially in retirement. You can't escape it. There are steps to take to reduce these taxes affecting your retirement savings. With monrhs away from tax day, how can we maximize financial portfolio? Here all the big changes for 2024. The most important financial and wealth building tips are right here.

This is Financial Insanity w-Scott McLean. Today's show is election vs stock market. It's a Presidential election year and that means the stock market and economy will be affected. How do you prepare so your finances aren't greatly affected? Plus, planning for retirement needs a well thought out plan. Scott will answer your retirement questions.

This is Financial Insanity w-Scott McLean. Today's show is stock markets during election years. With a Presidental election year, the stock market could be affected. The stock market can impact overall economy and individual finances. We look back at the last 100 year history of the stock market and what is concerning about the financial future.

This is Financial Insanity w-Scott McLean. Today's show is protecting yourself from fraud. Get the tips to help shield your life's work, savings and identity. Plus, medical bills and emergencies can disrupt your finances. How can you plan for this when it sneaks up. Scott offers ways to plan for the worst and hope for the best.

This is Financial Insanity w-Scott McLean. Today's show is retirement isn't a game and veterans benefits. Each year, Americans rollover their 401k account which could be the largest transaction so it's important to get that right. Do you know the philosophies? Does the advisor know the situation before moving the money? Scott explains the 3D process. Retirement isn't a game and your finances should be taken seriously.

This is Financial Insanity w-Scott McLean. Today's show is impact of inflation and tax trivia. Inflation not only affects the price of consumer goods in the short term, but inflation must be considered when planning for costs in the future, especially in retirement. How will inflation affect your 401k? What should you do with your money during infliation? Will social security increase? Plus, ways retirees can curb inflation's cost effects.

This is Financial Insanity w-Scott McLean. Today's show is plan for the worst, hope for the best. Only 33 percent of Americans have a financial plan. How can you break the habit of living without a budget and taking better control of your finances. It starts with an understanding of the problem and developing as budget. Plus, planning for medical expenses and how to address long term health care when it's not covered by medicare.

This is Financial Insanity w-Scott McLean. Today's show is maximizing your retirement. You've an entire life saving for retirement, the last thing you need is a misstep that spends doen your retirement savingd. How can you make sure you've done enough and ways to maximize your income with strategic and simple steps. Plus, RMDs can cause high tax penalties to swipe away from your retirement income. Scott offers ways to avoid these tax penalties so you can keep a comfortable financial portfolio.

This is Financial Insanity w-Scott McLean. Today's show is protecting yourself from fraud. You'll hear ways to protect your finances from cyber crime. Be aware of scams. Plus, the 7 easy to avoid retirement risks. Transitioning into retirement, there are a lot of things not realized as you cross over into this new journey in life. It all starts with the fear of running out of money before you run out of life.