Financial Insanity w-Scott McLean

This is Financial Insanity w-Scott McLean.  Today's show is latest political news and time machine to 1990.  2025 means a new year, new challenges and new opportunities.  It means volatiliy in the stock market which could affect your financial portfolio.  Inflation and social security can be affected too.  Scott looks back at 1990: the value of home prices, stock market and economics.

This is Financial Insanity w-Scott McLean.  Today's show is 401k and IRA decisions.  Are our portfolios as safe as we think or are we riding a risk rollercoaster?  Scott will take the chaos of the financial market and turn it into a clear path for retirement.  Plus, every year taxes are due.  It can be overwhelming and complicated.  But there is a proactive approach pre-retirees and retirees shoul...

This is Financial Insanity w-Scott McLean.  Today's show is what about annuities.  It's a look at the world of annuities.  What are annuities and are they good or bad for your finances?  Scott explains which ones could be best suited for your situation.   Plus, there isn't a number of how much you need to save in your retirement.  It's not a one size fits all retirement plan.  But there are some c...

This is Financial Insanity w-Scott McLean.  Today's show is what trumps around, goes around.  Buckle up, because the new government administration could change your retirement in many ways.  If you're a retiree or have a 401k or IRA retirement account and you're wondering what all this means, you're not alone.  Find out how the next four years affect your financial future.   Then later, Scott dive...

This is Financial Insanity w-Scott McLean.  Today's show is what trumps around, goes around.  How will the current government impact your finances?  Inflation, the economy, tax cuts and your financial future   Why is it important to work with a financial advisor to help navigate the complex legal and tax landscape?  Plus, important information about veteran's benefits.  Veterans don't want to miss...

This is Financial Insanity w-Scott McLean.  Today's show is three blind mice.  You recieve investment advice from a financial advisor, have your tax returns prepated by an accountant and have your will and estate plan written by an attorney.   When was the last time these three key consultants got together to discuss your overall financial game plan?  You might think you've taken the right steps,...

This is Financial Insanity w-Scott McLean.  Today's show is corporate bonds and listener mailbag.  There are different financial tools to keep your portfolio on track.  Hear the difference between corporate bonds and mutual fund bonds. Bonds are powerful and can be attractive to investors. Plus, where do you plan to live in retirement.  Are you going to stay in your current home or will you downsi...

This is Financial Insanity w-Scott McLean.  Today's show is creating a lasting legacy.  It's a basic look at creating a lasting legacy for your family.  Legacy planning, often intertwined with estate planning, is a crucial process for arranging the transfer of your assets and wealth to heirs, often family, after passing away. It also uniquely incorporates the transmission of personal values and na...

This is Financial Insanity w-Scott McLean.  Today's show is common retirement mistakes to avoid.  It's a walk through of some of the biggest regrets people have in their retirement.  You've spent a lifetime planning for your retirement goals, contributing to 401k plan and investing additional assets in an individual retirement account or other accounts.  Many retirees claim their social security b...

This is Financial Insanity w-Scott McLean.  Today's show is boomers up to bat for retirement.   Retirement starts now for the boomers generation and gen x is on deck and that means the needs to start planning for their future.  It's a big impact with people leaving the workforce.  Plus, there's a new administration in office.  What does this mean for your retirement and financial future?  Scott wi...

This is Financial Insanity w-Scott McLean.  Today's show is new year, new government.  It's a complete look ahead to the rest of 2025.  What is the impact of the new government regime on your retirement plan?  It would affect your finances.  Plus, filing taxes can be overwhelming.  But, there is a proactive approach that pre-retirees should take.  There is a difference between getting taxes prepar...

This is Financial Insanity w-Scott McLean.  Today's show is planning for the worst.  The key to financially preparing for the unexpected is to hope for the best and plan for the worst.  How this is done is by sacificing some of your income today and putting aside money.  So how can you hope for the best and plan for the worst with your every day income, social security and today's ever rising infl...

This is Financial Insanity w-Scott McLean.  Today's show is what are QTIP trusts.  They are very important because under this trust, income is paid to a surviving spouse until that spouse's death.  Then, the balance of the funds is paid to beneficiaries.  It can be a useful tool in estate planning and is especially helpful when the trust grantor has surviving children.  Learn the tax advantages, t...

This is Financial Insanity w-Scott McLean.  Today's show is key retirement questions.  Inflation, higher taxes and uncertainty are affecting many baby boomers.  How can you afford retirement, avoid more losses in your 401k and what other income options are available.  Plus, why it's important to discuss retirement's complex legal and tax issues with an advisor.

This is Financial Insanity w-Scott McLean.  Today's show is critical retirement decisions.  Scott has been helping people retire smarter since 1983.  You'll hear why working with a financial advisor can mean so much for you. I could be the difference of an extra one million dollars.  Plus, how the new presidential administration could affect investments, taxes and estate plans.   You want to make...

This is Financiall Insanity w-Scott McLean.  Today's show is financial resolutions.  It's that time of year again when oeople break their new year's resolutions quickly after making them.  But an important new year's resolution you should keep is financial related.  Learn how to be financially smart with setting goals like refinancing or consolidating your debt, how to stay on a budget or living b...

This is Financial Insanity w-Scott McLean.  Today's show is financial resolutions.  It's that time of year again when people break their new year's resolutions quickly after making them.  But an important new year's resolution you should keep is financial related.  Learn how to be financially smart with setting goals like refinancing or consolidating your debt, how to stay on a budget or living be...

This is Financial Insanity w-Scott McLean.  Today's show is 3 blind mice.  Scott's main reason for writing this book is helping others avoid the daunting disaster of probate, ensuring unnecessary chaos and family squabbles when the crows and clowns show up to the funeral and protecting assets and helping those pay less taxes.

This is Financial Insanity w-Scott McLean.  Today's show is estate and legacy planning with special guest Dave Connolley.  Dave has been a lawyer for over 40 years and is a consultant for Elizabeth Apollo.   The focus is domestic partnership with unmarried couples and securing your future together, protecting assets and avoiding tax pitfalls.  There are key considerations: healthcare, childcare an...

This is Financial insanity w-Scott McLean.  Today's show is growing income in retirement.  2025 is here and it's time to prepare for your financial future.  How well do you know about your investment choices?  You'll be surprised most don't understand the difference between investing for income versus investing for growth.  It can be significant.  Plus, there is an income shift when in retirement....

This is Financial insanity w-Scott McLean.  Today's show is growing income in retirement.  Scott is helping people navigate their investment choices.   Most don't know about investing for income versus investing for growth.  You'll heat the differences.  Plus, there is an income shift when in retirement.  It's a big lifiestyle adjustment, but financially you can get be prepared pre-retirement.

This is Financial Insanity w-Scott McLean.  Today's show is top retirement missteps to avoid.  When planning for retirement, are you confident you aren't making any retirement mistakes?  Scott can help you by identifying the five common mistakes when entering into retirement.  Plus, could our country be facing a retirement savings crisis?  But, there is a better way to take control of your financi...

This is Financial Insanity w-Scott McLean.  Today's show is top taboo topics about retirement.  There is a new study that paints a bleak picture of retirement savings.  But, it's not all doom and gloom. Learn how to take better control of your financial future.  Plus, ways to build up your income toolbox into a successful one, one tool at a time. 

This is Financial Insanity w-Scott McLean.  Today's show is veteran's benefits.   Scott and Robert educate on the important benefits and services veterans and their families can access such as health care, disability and more.  There's a special aid and attention benefit.  How does it work?  This and many benefit packages are unique and can prevent future health problems, improve your ability to f...

This is Financial Insanity w-Scott McLean.  Today's show is what are QTIP trusts.   QTIp trust is a unique and powerful estate financial planning tool.  It's a way to clean up your estate plan.  There are tax advantages to a QTIP trust and some requirements are needed.  How do you protect all assets and income?  Plus only 33 percent of Americans have a solid financial plan for the future.  Most ar...