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 th...

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...

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 deali...

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 yo...

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 b...

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...

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 domest...

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...

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 bot...

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 c...

This is Financial Insanity w-Scott McLean.   Today's show is three blind mice.  Scott is the man with the plan to help you keep your money safe from the traps and pitfalls of financial planning.  He dives into his book to explain the process for a more secure financial future.  Plus, Qtip trusts are a unique estate planning tools.  Learn how it works, when to use one in your estate plan and unlock...

This is Financial Insanity w-Scott McLean.  Today's show is Scott talks annuities. Annuities come in many types. There are four basic annuities.  So, what does that mean about the way we fund retirement? It's essential to build a nest egg that lasts a lifetime. You want a long and fulfilling life in retirement. Any annuity purchase should be discussed with a financial advisor.  Plus, what are the...

This is Financial Insanity w-Scott McLean.  Today's show is could you still work while in retirement. When planning for retirement, are you confident you aren't making the common mistakes?  Would you like to know more now so you don't have a painful lesson in the future?  Learn about the five mistakes people make before entering retirement.  It all starts with a fully mapped out strategy.  Scott h...

This is Financial Insanity w-Scott McLean.  Today's show is estate and legacy planning.  A lot of people have a misconception of estate and legacy planning.  It's not just for the lifestyle of the rich and famous. Estate planning is actually about preparing for life's curveballs. Make sure you preserve your wishes and having a plan for you and your loved ones no matter your bank account size.  Plu...

 This is Financial Insanity w-Scott McLean.  Today's show is veteran's benefits.   There are plenty of benefits that can help former veterans in retirement.  They offer education opportunities and rehabilitation services disabilities related to military service.   These benefits can be a life saver financially.  Plus, it's a look at the biggest issues to watch in 2025.  With a new administration a...