Mattson Financial Blog

Recent Posts

Where Do We Go Now?

I used the phrase “Post-COVID World” in the title of this article, but of course that’s not entirely true. The coronavirus is still out there and new variants continue to appear, but for the most part the high risk of death seems to be in the rearview mirror. Last year the markets were tumultuous and… View Article

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How Good Is Your Second Opinion?

Before we get into the meat of this, I have to explain a little background. After 26 years of looking, I finally found a 1966 Pontiac Lemans — the same model I drove in high school. My first Lemans was totaled out by a drunk driver. So, for all these years, I’ve been looking forward… View Article

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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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