Financial Insanity w-Scott McLean

This is Financial Insanity w-Scott McLean.  Today's show is how to downsize.  Downsizing in retirement means getting rid of stuff at home.  They are the non-financial challenges   But what are the financial challenges and how can you make the most of your possessions while still learning to let go?  Plus, how to break a bad habit of living without a budget.  When your money starts dwindling, it's...

This is Financial Insanity w-Scott McLean.  Today's show is testamentary trust with George Castanis. It's hardly ever brought up, but it's important. Testamentary trust can help align your assetswith 3D planning: dreams, dollars and your dynasty.  Plus, you can test drive a car, but can you test drive retirement?  You'll need tips to help you along the journey into retirement to maximize your port...

This is Financial Insanity w-Scott McLean.  Today's show is annuities and guest Robert Brown.  Annuities are very complex.  You'll hear the key takeaways of annuities from how they work to annuities in retirement plans and pros and cons.  There are solutions to consider when taking a specific annuity. Plus, Robert Brown discusses an important benefit some veterans could be missing, it could be dif...

This is Financial Insanity w-Scott McLean. Today's show is estate planning with guest Dave Connelley.  What are the in's and out's of state planning and how do you protect your assets and avoid tax pitfalls? Scott and Dave will answer everything related to estate planning.  Plus, there are common reasons for obtaining a domestic partnership agreement, which involve financial rights and parential a...

This is Financial Insanity w-Scott McLean.  Today's show is social security and guest George Castanis.  Fewer than one in four Americans think their current retirement lifestyle aligns with what they planned.  It's retirement dreams versus reality.  The reality is living in retirement every day and retirement can be costly.  Plus, George Castanis helps plan a retirement roadmap to help you plan fo...

This is Financial Insanity with Scott McLean. Today's show is boomers up to bat and gen x on deck.  Any time is a good time to break a bad habit. The time to make a positive change for the future is right now.  Only 33 percent of Americans have a financial plan, so that means close to two thirds are winging it.  How do you break a habit of living without a strict budget?  Retirement starts now for...

This is Financial Insanity w-Scott McLean.  Today's show is retirement missteps and veterans benefits to know.   When planning for retirement, are you confidient you are not making mistakes?   Learn more now so you don't have a painful lesson in the future.   There are 5 common mistakes before entering mistakes.  The first mistake starts with not having a fully mapped out financial strategy.   But...

This is Financial insanity w-Scott McLean.  Today's show is the 100th episode.  Your questions will be answered about taxes in retirement, personal finances and how to make the most of your retirement.  Plus, the top 5 scams you need to be aware of, so it doesn't happen to you.

This is Financial Insanity w-Scott McLean.  Today's show veterans benefits with guest Robert Brown. You'll learn all the important benefits and services Veterans and their families can access such as health care, disability, education and more.  Each medical benefits package is unique and can prevent future health problems, improve your ability to function and enhance quality of life.  Plus, what...

This is Financial Insanity w-Scott McLean.  Today's show is what are brics.  Brics can change the way some countries deal with money.  These countries may not rely on the US dollar in the future.  How will that affect the economy and your financial portfolio? 

This is Financial Insanity w-Scott McLean.  Today's show is yea or nay working in retirement.  One in four Americans think their current reitrement lifestyle aligns with what they planned for what their retirement to be.  There are dreams versus reality in retirement.  Will you have enough saved or will you have to work through the early retirement years?  Plus, why you shouldn't count your chicke...

This is Financial Insanity w-Scott McLean.  Today's show is top retirement missteps.   When planning for retirement, are you confident you are not making any mistakes.  Learn more now so you don't have a painful lesson in the future.  There are five common mistakes that people make before entering into retirement.  What are they and how can you avoid them?  Plus, everything you need to know about...

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.  So what are the biggest concerns facing Americans in 2024 and how do we prepare for the future?   Also, Scott needs income needs in retirement.  One size doesn't fit all and there are u...

This is Financial Insanity w-Scott McLean.  Today's show is troubles for widow investors.  Statistically women outlive their husbands by about 6 years.  So that means there will be a lot of women taking over the finances. It can be confusing and scary.  What decisions need to be made, understand the financial planning process.  Consider all the pension options and the right social security plannin...

This is Financial Insanity w-Scott McLean.  Today's show is protect yourself from fraud.  You'll learn how to protect yourself from being a victim of cyber crime which could affect retirement savings and identity theft.  Plus, preparing for medical expenses.  It's hard to do because of unexpected events, but it's still a reality you should consider when thinking about your retirement savings.  Bes...

This is Financial Insanity w-Scott McLean.  Today's show is maximize your retirement income.  You've spent an entire career saving for retirement, the last thing you need is a misstep costing you to spend down your savings too quickly.  It's important to make sure you've done enough.  There are easy ways to maximize your retirement and helping to make the most from your retirement with a strategic...

This is Financial Insanity w-Scott McLean.  Today's show is key retirement questions.  Inflation and higher taxes are leading to uncertainty.   Can baby boomers afford to retire, how do you avoid more losses in 401ks, what options do you have for income in retirement and what happens when investments are doing poorly?  These are all common questions.  Scott believes you should definitely do someth...

This is Financial Insanity w-Scott McLean.  Today's show is living to 100.  If you're fortunate to live to age 100, will your retirement savings last? You need to consider factors to ensure your money lives as long as you.  It could be difference in living with no extra cash.  How much savings do you actually need? Medical expenses are going to happen as you get older and you need to account for t...

This is Financial Insanity w-Scott McLean. Today's show is maximizing your retirement. You've spent  an entire life saving for retirement, the last thing you need is a mistake that jeopardizes your retirement savings. How can you make sure you've done enough?  Scott offers ways to maximize income with strategic and simple steps. There is another benefit that can maximize retirement: social securit...

This is Financial Insanity w-Scott McLean.  Today's show is 7 retirement risks to avoid.  There's a lot to look forward in retirement but there are a lot of things Americans don't realize could happen.  It starts with longevity and having enough money.  Plus, retirees face challenges that reroute savings into a financial vortex.  What does this all mean and why having a retirement income strategy...

This is Financial Insanity w-Scott McLean.  Today's show is how to downsize.  In retirement, the decision to downsize to a smaller home is a highly personal one that depends largely on an individual’s financial goals and desired lifestyle.  Downsizing can lower cost of living to pursue a better lifestyle, Before finalizing, one should fully understand if they're making the right call.  It's import...

This is Financial Insanity w-Scott McLean.  Today's show is history of taxes.  Taxes can't be escaped, even in retirement.   But, there are some steps you can take to help reduce this impact on your savings.  Plus, tips on downsizing, decluttering and spending less in the retirement years.

This is Financial Insanity w-Scott McLean.  Today's show is election year and time machine 1975.  A Presidental election year will impact the stock market.  The biggest impact is the overall economy and personal finances.   Scott breaks down the trends from the past century and dives into the biggest concerns facing Americans during this election year.  Plus, a look back at the year 1975 and how t...

This is Financial Insanity w-Scott McLean.  Today's show is will you have enough income in retirement.  Many people aren't investing enough to reach their savings goal and the income it brings. To evaluate whether your nest egg will be enough, Scott says you should begin by estimating your retirement expenses.  These important questions must be considered: How much income will you need to retire?...

This is Financial Insanity w-Scott McLean.  Today's show is getting to know Scott.  Scott McLean is a financial professional who offers both investment and insurance products and services. He dedicates a large portion of his time to educating investors and the community through workshops on topics related to retirement income planning, Social Security, estate planning, required minimum distributio...