Financial Insanity w-Scott McLean

This is Financial Insanity w-Scott McLean.  Today's show is are you ready to retire.  When getting ready for retirement, it's important to consider the core aspects of a successful retirement. You need a “retirement readiness checklist” to assess whether you are ready to retire.  These include handling your debt, figuring assessing your expenses and planning for long term needs.  Plus with boomers...

This is Financial Insanity w-Scott McLean.  Today's show is protecting yourself from fraud.  As technology increases, so does cybercrime.  Get the knowledge to shield your life's work, savings and your identity.  What are the most popular scams out there and how are they victimizing seniors?  Plus, Scott cautions listeners to beware of the hidden taxes in retirement, how to reduce these taxes to s...

This is Financial insanity w-Scott McLean.  Today's show is three blind mice.  This is a book written by Scott which supplies the understanding and tools you need to keep your key consultans connected and operating on the same plan.  Hear the simplified version of chapter one and learn how to keep your finances safe through the traps and pitfalls of planning.  Plus, why it's important to work with...

This is Financial Insanity w-Scott McLean.  Today's show is retirement challenges for women investors.  With women outliving men by about 6 years, that means more women will be entering reitrement on their own and taking over the finances.  It can be confusing and scary.  It's a scenario that's played out quite often.  There are decisions that need to be made pre-retirement.  Retirement is a journ...

This is Financial Insanity w-Scott McLean.  Today's show is your portfolio safe.  This is a deep dive into the chaos of the financial market and will transform the way to a clearer financial future.  Some bigger questions are answered like is our portfolio really safe or are we just riding a risk roller coaster with our investments?  Plus, planning for the worst and hoping for the best when it com...

This is Financial Insanity w-Scott McLean.  Today's show is how to downsize.  Starting a brand new phase of life in retirement means you've saved or hopefully save saved.  It could mean your relocation to your dream home.   With that comes downsizing and getting rid of some of your possessions and decluttering.  Scott says how to best handle downsizing in retirement.  Plus, any time is a good time...

This is Financial Insanity w-Scott McLean.  Today's show is stock market volality.  If you have market investments as part of your financial plan, financial turmoil has caught your attention.  If you're wondering if you or your family is going to be ok when the market settles down, then you don't have a proper financial plan.  It's important to be informed, prepare for the worst case scenario, hav...

This is Financial Insanity w-Scott McLean.  Today's show is anniuites and special guest Robert Brown.  You may have heard of investment advisots or insurance advisors talk about annuities and diving into them can feel like a maze of options, fees and guarantees.  You'll learn the good, the bad and the real ugly of annuities, offering insights on all options to ensure your investments align with un...

This is Financial Insanity w-Scott McLean.  Today's show is estate planning.  Special guest and lawyer Dave Connolley joins the program to discuss love and legacy with unmarried partners.  But, there are challenges.  The challenges of securing a future together, protecting assets and avoiding tax pitfalls.  What are the common reasons for obtaining a domestic partnership agreement, how does it aff...

This is Financial Insanity w-Scott McLean.  Today's show is 3 blind mice and mailbag. It's a lesson about making finances a little less insane. Third blind mice explains the financial process of working with traditional financial advisors: an accountant, lawyer and the process of titling assets with lack of collaboration.  Because there's no financial literacy, it can lead you to a trap with an ev...

This is Financial Insanity w-Scott McLean.  Today's show is having enough income in retirement. Don't count your chickens before they hatch.  You've heard the expression before, but what does it mean for finances and how do we keep our chickens from hatching in the financial nest egg?  It starts with estimating your retirement expenses, knowing whether you have enough saved before retirement and h...

This is Financial Insanity w-Scott McLean.  Today's show is decisions on annuities.  Inflation, an unstable economy and high taxes are impacting retirement.  Can you afford to retire, do you have enough in your savings or 401k and what options are availlable for income in retirement?  You can't treat your retirement savings like a big ATM.

This is Financial Insanity w-Scott McLean.  Today's show is 3 blind mice chapters 2 and 3.   It's a deep dive into Scott's book supplying the understanding and tools you need to keep operating on the same financial game plan.  FInd out how you can help your heirs and the executor of your will avoiding probate, ensuring your family avoids chaos and squabbles and how to protect your assets if you, y...

This is Financial Insanity w-Scott McLean.  Today's show is three blind mice and mailbag questions. 'Three Blind Mice' was written by financial advisor Scott McLean. You receive investment advice from a financial advisor, have your tax returns prepared by an accountant and have your will and estate plan written by an attorney.  But, when was the last time these three key consultants got together t...

This is Financial Insanity w-Scott McLean.   Today's show is investing income vs. growth.  Scott explains why either approach can be effective for generating income investment returns, but you need to make the best informative decisions.  How do you find the right investment strategies, how do both strategies actually work and how do you obtain the best of both strategies?

This is Financial Insanity w-Scott McLean.  Today's show is social security and guest George Castanis.  Don't count your chickens before they hatch.  What does this mean for our finances and how do we keep our chickens from hatching when it comes to the financial nest egg?  Plus, George talks financial retirement roadmaps and planning for the long journey.

This is Financial Insanity w-Scott McLean.  Today's show is three blind mice. Scott is the man with the plan.  He will review chapter one of his book 'Three Blind Mice' to help keep your money safe from the traps and pitfalls of financial planning.  Plus, retirement challenges facing women and a look back at the year 1975.

This is Financial Insanity w-Scott McLean.  Today's show is election year impact on the market.  The Presidental election year will have a big effect on the stock market, our overall economy and personal finances.  Find out the biggest concerns facing Americans in 2024 and how to prepare for the future.   Plus, Scott addresses income needs in retirement.  One size doesn't fit all and there are uni...

This is Financial Insanity w-Scott McLean.  Today's show is investing income vs growth.  It's important to navigate investing for income.  What are the basics of investing for income?  The easiest anology is the chicken versus the egg: growing wealth with investments being bought.  Eat the eggs and not the chicken.  Plus, why it's great to grow income, but there's a shift in retirement because you...

This is Financial Insanity w-Scott McLean.  Today's show is bric currency and navigating taxes.  Get a lesson on the world of brics.  What are they? How can it change the way some countries play the money game?  Plus, why it's important to work with an investment advisor who can help you navigate the complex legal and tax landscape. 

This is Financial Insanity w-Scott McLean.  Today's show is downsizing in retirement.  There's excitement with starting a brand new phase of life in retirement.  But if you're relocating to your dream retirement destination, downsizing or decluttering means you need to face getting rid of things.  What's the best practices to downsizing and how to spend less in retirement?  Plus, ways to keep from...

This is Financial Insanity w-Scott McLean.  Today's show is protecting yourself from fraud.  As techonlogy increases, so does cybercrime.  So, you need to be armed with knowledge to shield your life's work, your savings and your identity.  Pay attention to scams that can affect your financial portfolio.  Plus, the five common mistakes people make before entering retirement. 

This is Financial Insanity w-Scott McLean.  Today's show is navigating election season and stock markets.  With the Presidential election year, a lot of changes can happen, including a stock market change.  Regardless of the outcome, the overall economy and personal finances will be affected.  Scott looks at the trends from the past 100 years and will give insight on what everyone should be concer...

This is Financial Insanity w-Scott McLean.  Today's show is key retirement questions.   Inflation, higher taxes and uncertainty in the economy are affecting baby boomers in retirement.  How can you afford to retire, take more losses in your 401k and what additional income options are available in retirement?  Plus, why it's important to work with an investment advisor who can help you navigate the...

This is Financial Insanity w-Scott McLean.  Today's show is 7 retirement mistakes to avoid.   People look forward to retirement.  But the transition to retirement might not be as well thought out and there are factors to consider like living too long, social security, staying invested in the stock market too long.  Plus, are you ready for the unplanned costs of retirement?  What are the unplanned...