Financial Insanity w-Scott McLean

This is Financial Insanity w-Scott McLean.  Today's show is  need a plan, no matter the US debt.  Find out the state of the country's debt.  That 34 million debt could significantly impact taxpayers.  There are several categories: personal finance, borrowed interest rates, the growth and stability of the economy and taxation.  Plus, can you make your IRA tax free through assets in insurance.  This...

This is Financial Insanity w-Scott McLean.  Today's show is decisions on annuities, 401ks and IRAs.  How much do you really show about annuities?  Which ones are right for you?  A simple breakdown of the four types of annuities are provided.  Plus, IRA rules you should use as a guideline, taxes that can be paid on a 401k and how these investments affect your retirement portfolio. 

This is Financial Insanity w-Scott McLean.  Today's show is preserving retirement from taxes.  Every year, Americans file taxes.  There is a proactive approach that pre-retirees should take.  The process can be overhelming.  But working with a financial planner is important.   Scott offers ways to save on taxes to preserve your retirement.  Plus, how much will you recieve from your social security...

This is Financial Insanity w-Scott McLean. Today's show is top signs you need a new advisor. If you've been thinking about making a change with your financial advisor or looking to fire your advisor, there are five warning signs. It starts with them not acting in your best interest. If they are not, you need to look for another advisor because your retirement needs to be protected and you need all...

This is Financial Insanity w-Scott McLean. Today's show is estate planning and rapid fire questions. Special guest Dave Connolley discusses estate planning and how to protect your assets and avoiding tax pitfalls for unmarried couples. There are common reasons for obtaining a domestic partnership agreement, which involve financial rights and parential agreements.

This is Financial Insanity w-Scott McLean. Today's show is social security and special guest George Castanis. How can we keep from counting our chickens before they hatch with finances? Depending on income is what everyone counts on in or near retirement. But with social security, there are a lot of factors to consider when planning for and taking social security. There are many variables to consi...

This is Financial Insanity w-Scott McLean. Today's show is history of taxes. Taxes have an impact on everyone, especially in retirement. You can't escape it. There are steps to take to reduce these taxes affecting your retirement savings. With monrhs away from tax day, how can we maximize financial portfolio? Here all the big changes for 2024. The most important financial and wealth building tips...

This is Financial Insanity w-Scott McLean. Today's show is election vs stock market. It's a Presidential election year and that means the stock market and economy will be affected. How do you prepare so your finances aren't greatly affected? Plus, planning for retirement needs a well thought out plan. Scott will answer your retirement questions.

This is Financial Insanity w-Scott McLean. Today's show is stock markets during election years. With a Presidental election year, the stock market could be affected. The stock market can impact overall economy and individual finances. We look back at the last 100 year history of the stock market and what is concerning about the financial future.

This is Financial Insanity w-Scott McLean. Today's show is protecting yourself from fraud. Get the tips to help shield your life's work, savings and identity. Plus, medical bills and emergencies can disrupt your finances. How can you plan for this when it sneaks up. Scott offers ways to plan for the worst and hope for the best.

This is Financial Insanity w-Scott McLean. Today's show is retirement isn't a game and veterans benefits. Each year, Americans rollover their 401k account which could be the largest transaction so it's important to get that right. Do you know the philosophies? Does the advisor know the situation before moving the money? Scott explains the 3D process. Retirement isn't a game and your finances shoul...

This is Financial Insanity w-Scott McLean. Today's show is impact of inflation and tax trivia. Inflation not only affects the price of consumer goods in the short term, but inflation must be considered when planning for costs in the future, especially in retirement. How will inflation affect your 401k? What should you do with your money during infliation? Will social security increase? Plus, ways...

This is Financial Insanity w-Scott McLean. Today's show is plan for the worst, hope for the best. Only 33 percent of Americans have a financial plan. How can you break the habit of living without a budget and taking better control of your finances. It starts with an understanding of the problem and developing as budget. Plus, planning for medical expenses and how to address long term health care w...

This is Financial Insanity w-Scott McLean. Today's show is maximizing your retirement. You've an entire life saving for retirement, the last thing you need is a misstep that spends doen your retirement savingd. How can you make sure you've done enough and ways to maximize your income with strategic and simple steps. Plus, RMDs can cause high tax penalties to swipe away from your retirement income....

This is Financial Insanity w-Scott McLean. Today's show is protecting yourself from fraud. You'll hear ways to protect your finances from cyber crime. Be aware of scams. Plus, the 7 easy to avoid retirement risks. Transitioning into retirement, there are a lot of things not realized as you cross over into this new journey in life. It all starts with the fear of running out of money before you run...

This is Financial Insanity w-Scott McLean. Today's show is 401k and IRA decisions. There are important decisions that can impact your retirement. But first, what is the difference between a 401k and an IRA? Most people may not know they can contribute to both. What happens when you max out your iRA? Plus, the time to make a positive change in your future is now. Saving is critical. How do you brea...

This is Financial Insanity w-Scott McLean. Today's show is maximizing your retirement income. You've spent your life saving for retirement. The last thing you need to do is a make a mistake. There are many bumps along the way. So you will need the simple tips to make the most out of your retirement. Plus, RMDs can trigger a high penalty in tax code if you don't follow rules. Don't let let taxes wi...

This is Financial Insanity w-Scott McLean. Today's show is annuities and guest Robert Brown. You'll hear the 4 types of annuities, how they all work and which ones are right for you. Everyone thinks all ll annuities bad, but the truth is they're not. Some can help you. Some can cause you to lose more money due to fees. Plus, special guest Robert Brown discusses service connective benefits for vete...

This is Financial Insanity w-Scott McLean. Today's show is new financial habits to break in 2024. If 2024 is your year to retire, you'll want to hear this. Everything to help you financially focus on a sound retirement. You'll understand the key factors to consider before entering the next phase of life. Plus, why it's important to declutter, donate and downsize. Clarity will help your finances.

This is Financial Insanity w-Scott McLean. Today's show is decisions on anniuties, 401ks and IRAs. What's the difference between annuities, 401ks and IRAs and which ones are right for you? They don't suit everyone. But they can be helpful. Take advantage of your finances so you can live a comfortable retirement.

This is Financial Insanity w-Scott McLean. Today's show is retirement misteps and scams. Getting ready to plan for retirement. You'll want to make sure you aren't making these common mistakes. Learn more how so you don't have a painful future. Plus, the top 5 scams you should be aware of so it doesn't disrupt your future.

This is Financial Insanity w-Scott McLean. Today's show is estate planning and special guest Dave Connolley. Before you begin to take action on your estate plan, it's important to understand the key topics that may arise as you address specific needs to secure your future and avoid those tax pitfalls. Hear why It's important to work with an attorney and possibly a tax advisor on your estate plan,...

This is Financial Insanity w-Scott McLean. Today's show is will you have enough income in retirement. All the essential questions you need to ask yourself before you reiire. It begins with determining how much you are spending right now. This is a reality check for your finances. Plus, don't count your chickens before they hatch. What does this mean for your finances and how it applies for retirem...

This is Financial Insanity w-Scott McLean. Today's show is should you work while in retirement. Well the first question you should be asking if how much income will you need in retirement? What are the other major questions that should be looked at when it comes to your money. You should be aware of healthcare costs, lefgal issues and special needs situations. They all affect your spending habits....

This is Financial Insanity w-Scott McLean. Today's show is top financial news of 2023. It's a year in review with some of the top financial headlines and retirement issues. The government avoided multiple shutdowns, but debt is increasing. What does this mean for your wallet? How about your retirement savings plan? Plus, baby boomers are retiring and gen x is on deck. Everything you need to know a...