Financial Insanity w-Scott McLean

It's Financial insanity w-Scott McLean. Today's show is planning for the worst, hope for the best. How much do I need to save, have I saved enough, can I avoid to cut back on my standard of living in the retirement? These are the common questions retirees are asking about their retirement. Scott talk about inflation and the high rates, planning for the worst and top 5 signs you need a new advisor.

This is Financial Insanity w-Scott McLean. Today's show is Merry Christmas, Happy Holidays. A new year always brings change including changes in programs with social security, medicare, also the IRS that can be pretty costly. How can we protect ourselves for these upcoming changes in 2024? It all starts with the tax return. Plus, the retirement legal and tax landscape can be complicated.

This is Financial Insanity w-Scott McLean. Today's show is annuities and your retirement roadmap. Financial concepts can be complex, especially with annuitiies. There are many annuities and there is a lot to understand. Which annuities are right for you or are they all bad? Scott will explain the differences. Plus in planning for retirement, you must have a roadmap to get there. Avoid the major de...

This is Financial Insanity w-Scott McLean. Today's show is estate planning with Dave Connelly. It's all about love and legacy. With so many Americans choosing domestic partmerships over marriage, it's still important to secure a future for you and your loved one. Protect your assets and avoiding tax pitfalls. Scott and Dave provide the steps in the legal process if one gets sick or passes away. Wh...

This is Financial Insanity w-Scott McLean. Today's show is navigating taxes before 2024. You'll find out why it's important to work with an advisor to help you navigate the complex tax and legal landscape before retirement and how to plan for this process which could affect your retirement. Plus, Scott answers your financial questions to ensure a sound portfolio.

This is Financial Insanity w-Scott McLean. Today's show is financial gift giving and donations. Last year, Americans gave over 300 billion dollars in charitable donations. But, it's important to get guidance on these donations we make each year. What are the best ways to donate and tips for gift giving? Plus, all the info you need to know about 401k and IRA contributions.

This is Financial Insanity w-Scott McLean. Today's show is impact on inflation. In a down economy and inflation increasing, can you afford to retire, can you afford more losses in your 401k and what options do you have for income in retirement? You'll get tips on retirement savings and the impact of inflation on savings. Plus, life expectancy can be a problem when you factor in your portfolio in r...

This is Financial Insanity w-Scott McLean. Today's show is financial challenges for women investors. You've saved an entire life for retirement. Now, do you really know how to turn that savings into income in retirement? Also, do you know how much income you can withdraw without penalty from current retirement accounts? Most people have big questions. What are they and how can they be answered? Sc...

This is Financial Insanity w-Scott McLean. Today's show is maximizing your retirement income. You spent an entire career saving for retirement and now you can't afford a misstep to spend down your savings too quickly. There are simple ways to help you maximize your retirement income. Make the most of your retirement with a strategic plan. Plus, why social security is more important than you think...

This is Financial Insanity w-Scott McLean. Today's show is happy thanksgiving to all. The 4th quarter means a lot to think about as we prepare for the upcoming year. What does this mean for your finances? How can you prepare with a year end checklist? Scott also discusses the 7 easy to avoid retirement mistakes. It's important to know so you don't make a mistake in your financial portfolio.

This is Financial Insanity w-Scott McLean. Today's show is client experience and mailbag questions. Scott is here to offer a six step educational process to help you get answers in your financial portfolio. We've all been caugfht off guard at some point. How can you prepare for retirement? When is it time to switch things up when retirement draws near and how can change help you in retirement?

This is Financial Insanity w-Scott McLean. Today's show is 5 financial missteps to avoid. There are five common mistakes. It starts with being forced into retirement and not having a plan. Help may be required. You don't want to run out of money before running out of life. Another common mistake are living beyond your means and not saving enough. Expenses are costly. What are the other mistakes? S...

This is Financial Insanity w-Scott McLean. Today's show is financial habits to break and mailbag questions. Only 33 percent of Americans have a written financial plan. How can we break a bad habit of living without a budget? It all starts with overspending. Knowing is a problem is a start. Then once you understand the issue, it's time to budget. Perhaps a financial advisor can help. Plus, Scott an...

This is Financial insanity w-Scott McLean. Today's show is the top signs you need a new advisor. Today, you'll learn when to find a new advisor from the advisor not acting in your best interest and dismiss your input to the advisor being difficult to reach. Plus, Scott breaks down the four types of annuities and which annuities may fit you best.

This is Financial Insanity w-Scott McLean. Today's show is 7 retirement risks and mailbag questions. Don't count your chickens before they hatch. It's a popular phrase, but how does it apply to your retirement and your retirement future? Are you thinking about all the scenarios: like taking social security earlier, your retirement investments or a medical issue that arises? Plus, Scott answers you...

This is Financial Insanity w-Scott McLean. Today's show is 6 retirement income questions to know. What are the essential questions to ask as you're looking to think how much income you'll need in retirement. It all starts with spending habits and saving enough money. Plus as we're in the 4th quarter, some tips for year end planning. It's important to remember your employee benefits and should you...

This is Financial Insanity w-Scott McLean. Today's show is 7 retirement risks and mailbag questions. Don't count your chickens before they hatch. It's a popular phrase, but how does it apply to your retirement and your retirement future? Are you thinking about all the scenarios: like taking social security earlier, your retirement investments or a medical issue that arises? Plus, Scott answers you...

This is Financial Insanity w-Scott McLean. Today's show is four keys to a comfortable retirement. Find out why the pillars of retirement finances, health, family and purpose are important and how the idea of finances in retirement comes down to theme of freedom, specifically the freedom to choose. Scott will give you ways you can prepare for retirement and how to live comfortably so you don't need...

This is Financial Insanity w-Scott McLean. Today's show is legal and taxes in retirement and guest Robert Brown. Why is it important to work with a financial advisor when getting ready for retirement? They can help you work through all the legal and taxes in retirement. Scott says why it's important to think of all possible taxes and legal issues that could affect your retirement and future. Guest...

This is Financial Insanity w-Scott McLean. Today's show is should you work while in retirement. Retirement was once thought of as the finish line to life. But, it's only the beginning of the next phase of many stages. Understand the 3 stages: the go go years, slow go years and the no go years and how should you navigate through these stages? Plus, only 33 percent of Americans have a financial plan...

This is Financial Insanity w-Scott McLean. Today's show is social security and taxes trivia. You'll hear about financial dreams versus reality, how to prepare for your retirement and the factors that could affect retirement. It's always to important to consider several factors. Plus, Scott is put to the test with taxes trivia.

This is Financial Insanity w-Scott McLean. Today's show is special needs benefit programs. Guest Dave Connolley educates on the benefits that go into taking care of special needs children and adults. There a lot of programs that can assist depending on your income, medicaid and social security income. Plus, there's another pending federal shutdown. How can this government spending impact your futu...

This is Financial Insanity w-Scott McLean. Today's show is financial literacy and time machine to 1975. Most Americans lack in the area of financial literacy, especially in retirement. This financial literacy has caused them a bump in their retirement savings road. It's important to take control of retirement. How much time is needed to plan before retirement? What can you do? Do you know what it...

This is Financial Insanity w-Scott McLean. Today's show is boomers up at bat, gen x on deck. With boomers nearing or in retirement already, retirement is a reality. What should generation x do to sure up their retirement? Plus despite financial violity, Americans higher average retirement account balances are increasing with iRAs, 401k and 403Bs. But, there are factors you shouldn't lose sight of....

This is Financial Insanity w-Scott McLean. Today's show is financial check up and mailbag. So what is a financial check up and how can you make any changes in how you're handling them to stay on track? It's important to review your life changes, reset your goals, set a budget, assess your debt and revisit your retirement savings. Plus, other useful ways you can check up on your financial health.