Mattson Financial Blog

Recent Posts

It’s Time to Talk About Step-Up in Basis!

Step-up in basis is the readjustment of the value of an appreciated asset for tax purposes upon inheritance. Wow, is that a mouth full or what? Let me explain.   How is Step-Up in Basis Calculated? Let’s say a parent bought a second home in Florida in 2000 for $200,000. When it was inherited by the children… View Article

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The Other Two-Thirds

When we sit down with a client and help them plan for the future, we consider several things like taxes, investments, income, future long-term care needs, and more. But once this part of the planning process has been completed, we’re only one-third of the way through the whole process. There are two more areas of planning not… View Article

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How Much Time Is Left on Your Tape Measure?

How long do you expect to live? It’s a big question and many of us don’t like to think about it, but it’s an important question. In 2020, the average life expectancy for a man in the United States was 77.8 years. The average life expectancy for a woman was 80.5 years. To put your… View Article

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My Number is Black 17!

When I go to the casino, it’s by invitation only, usually for a birthday or some other celebration. Otherwise, it’s not somewhere I usually go.  Do I gamble when I do go? Absolutely! But I have a set amount of money with me. I know how much I’m risking and I take steps to assess… View Article

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Don’t Sink in the Swamp!

If the market goes up, we’re happy. If the market goes down, we try to stay ahead of it by riding it out, investing more, or ignoring it. Our grandparents had a much easier time. Many worked for a company, received a pension and Social Security, and maybe bought some stocks that paid a dividend…. View Article

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My Best Friend

2020, without a doubt, was a very unusual year. It wasn’t unusual just because of COVID-19 or the election, but something very unusual that stemmed from our clients. One of our current clients gave us the name and contact information of someone else he knew, and I asked him why he was giving us this… View Article

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Do You Believe in Dragons? Or Santa Claus?

Right now, it’s looking likely that Vice President Biden will become the new president on Jan. 20, 2021. And with Democrats losing House seats and not gaining anything in the Senate, many people will be watching the Georgia runoff election in January with anticipation. It may determine the balance of power in the Senate. Personally,… View Article

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