Financial Insanity w-Scott McLean

This is Financial Insanity w-Scott McLean.  Today's show is retirement risks to avoid.  The biggest difference between yesterday’s retiree vs. today’s is the diminished defined benefit or pension plan replaced by defined contribution plans..Studies have shown tpensions have been rapidly replaced.
As retirees underestimate their longevity, as well as stock market volatility, the probability that they’ll outlast their savings will keep dropping.  But, proper adjustments need to be made.  Scott will provide you with the seven easy to avoid retirement risks.  Plus, he can help keep your money safe from the traps and pitfalls of financial planning.  That's why he wrote the book 'Three Blind Mice'.  Learn the tools you need to keep your key consultants like financial advisor, accountant and estate attorney connected and operating on the same financial game plan.  Your financial future depends on it.

This is Financial Insanity w-Scott McLean.  Today's show is the power of annuities.  It's an in depth look at the four annuities and where to begin.  Which annuities are good, bad and ugly?  For certain, it's not a one size fits all plan.  So you will need assisrance deciphering the types.  Plus, there are seven easy to avoid retirement risks. Longevity, long term care and debt can create havoc on your retirement.  There are a lot of things retirees don't realize before entering retirement.  But, it's possible to avoid these risks.

This is Financial Insanity w-Scott McLean.  Today's show is retirement planning for widowers.  Women are statistically outliving men and that means many will be taking over the finances for what may be the first time in their life.  It could be confusing and scary for anyone.  Having too little money is a reality when there's a loss of income from the spouse that passed away and the other is dealing with the same bills.   But, there are useful inancial tips to help widowers in retirement.  It starts getting the right support, applying for proper benefits and reviewing overall budget and spending.

This is Financial Insanity w-Scott McLean.  Today's show is post tax day strategies.  Learn the simple steps that can help preserve your money when the market takes a dive.  Plus with so much excitement preparing for your upcoming retirement, it could come with big changes.  You might need to downsize.  Maybe you have too much clutter, maybe your home is too big or maybe you need to downsize in your spending habits.  Financial Insanity is here to offer tips so you can be prepared for the next phase of life.

This is Financial Insanity w-Scott McLean.  Today's show is growing your wealth.  Scott will be discussing preserving your wealth and how to retire rich.  The wealthy have a knack for not just getting rich but also staying rich. Many people start out with a lot more money than the average person, but growing and protecting money over time can be a challenge.  You don’t have to already be rich to benefit from these strategies. Anyone looking to make their money last can apply practices to their own financial situation.  Plus, Financial Insanity is time traveling back to 2008, the markets along with a history lesson.

This is Financial Insanity w-Scott McLean.  Today's show is protecting yourself from scams.  There are always risks to retirement. The Wall Street Journal says the biggest financial risk is cognitive decline.  Scary risk can rob you of your best judgement and sometimes it can go unoticed.  It's a look at the top five scams you should be aware of.   Plus, don't count your chickens before they hatch.  Find out what this means when it comes to finances and how to keep from counting chickens in our nest egg.

This is Financial Insanity w-Scott McLean. Today's show is estate planning.  Dave Connolly is today's guest to talk about love and legacy.  Estate planning involves determining how an individual's assets will be preserved, managed and distributed.  It also looks at the management of an individuals' properties and financial obligations in the event they become incapacitated.  Dave focuses on domestic partnership with unmarried couples and securing your future together, protecting assets and avoiding tax pitfalls.  There are key considerations: healthcare, childcare and assets.  The biggest takeaway is act now because making sound long-term decisions will give you peace of mind and ensure financial stability

This is Financial Insanity w-Scott McLean.  Today's show is preserving wealth.  You've built wealth.  Now, it's time to preserve it.   There are simple steps to safeguard the assets you've worked so hard to get and also plan for the future.  Plus, a look at something that could change the way you think about retirement.  You could play less in taxes while still making more money.   There is a plan to do that and Scott is the man with the plan.

This is Financial Insanity w-Scott McLean.  Today's show is income vs. growth.  Scott is helping people navigate their financial portfolio.  Income vs. growth is important.  It's great to grow money over time, but there is a shift when you're in retirement because you don't have those paychecks to rely on monthly.  Investing for income and investing for growth are two different things.  How do both work and which one is right for you?  Plus, seniors are making a big mistake with income vs growth.  What is this mistake?  It's critical to realize you shouldn't turn off the faucet of growth investing and turn on to income investing in retirement.

This is Financial Insanity w-Scott McLean.  Today's show is yay or nay while working in retirement. There is a lot to think about when you're heading into retirement. One of those things is whether or not you should continue working.  A survey indicting nearly 8 out of 10 people would rather be semi-retired.  Just what are the pros and cons to being semi-retired.  There are some challenges which could affect your golden years.  Plus, the market has been hot and cold, up and down like a roller coaster.  What should retirees during this time and how violate is the market impacting your portfolio?