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FINANCIAL SERVICES, LLC
616-514-3831
www.MattsonFinancial.com
FEBRUARY 2023
At Mattson Financial, we like to talk about three stages of investing: go- go, slow-go, and no-go. Those of you who have been with us for a while are very familiar with the concept. Today, I want to talk about investing in the no-go years, when you’re usually in your late 80s or early 90s. At this stage in your life, your investments primarily serve what we describe as “wealth care,” or the financial ability to maintain the availability of quality health care as needed. You continue to have funds available to pass on to your heirs once you no longer need it. And by your late 80s, your grown children are probably in retirement themselves. Since you’ve ensured they knew how to fully fund their own retirement, the money you leave to your children will most likely not significantly change their desired lifestyle. Further, they are likely needing to take their own Required Minimum Distributions (RMDs) from their qualified accounts like IRAs, 401ks, etc., which will reduce their need for additional funds over their lifetime from your estate. So, who are your remaining funds really going to benefit? The second generation — meaning grandkids, of course. The ideal goal is to maximize these assets they pass along to those second tier beneficiaries. While your adult children are probably financially comfortable, your grandchildren are likely still building careers and raising families. They could use the extra infusion of capital. Fortunately, there are ways to magnify the gift of inherited money through “life insurance.” There are several ways to go about this, but I’ll share one of my favorites. As you have to take your RMDs but don’t need the funds, you could use these assets to fund a life insurance policy. That WHO ARE YOU INVESTING FOR? LEAVING A LEGACY IN THE NO-GO YEARS
money usually goes into an after-tax bucket, like your checking or savings account. By directing these funds into a life insurance policy, you now have the ability to transfer money income-tax-free to these beneficiaries. As you probably remember, the three different tax buckets are taxable income, tax-deferred-like your 401(k), and tax-free like a Roth IRA. When you pass on, the proceeds from your life insurance policy is income-tax- free to your designated beneficiaries. If properly funded, you can even gain tax-free growth through the insurance policy as well. It is also helpful to know that under new tax rules, each person can gift $17,000 per year to an individual while you’re alive and well. That’s $34,000 gift for each grandchild, every year between Grandma and Grandpa. Over the past holiday season, you hopefully had the opportunity to enjoy your grandchildren, rowdy and loud as some of them may have been. If you were looking at them and wondering how to ensure their future is provided for, funding a life insurance policy may be a good idea. It’s just one more available option to maximize the wealth you pass along to your loved ones in a very tax sensitive way. As always, we’re looking forward to you participating in our upcoming First Friday Events. We will have market updates, provide continued learning about enhanced wealth management, and even have a little bit of fun along the way. Check out what we’ve got scheduled by visiting MattsonFinancial.com.
We look forward to seeing you throughout the new year!
–Gary Mattson
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LEND YOURSELF A 3 Easy Stretches to Promote Hand and Wrist Health
hand up and down while applying gentle pressure, and hold for a few seconds. Repeat this stretch 10 times with each hand.
In today’s world of constant typing or holding cellphones, our hands and wrists take a lot of abuse. Many of us are probably familiar with wrist pain that accompanies using a computer all day or the awkward stiffness in our fingers from typing a message on our phones. According to Princeton University Health Services, the most common hand-related issue is tendinitis, which is “tendon inflammation and localized pain in the elbow, forearm, wrist, or hand.” These hand-related injuries are on the rise for people of all ages, which is a problem since they’re the extremity we use the most. So to help prevent or find relief from these hand-health issues, try these stretches at home. Wrist Bend Movement For this stretch, you’ll need a flat surface, like a table, to rest your forearm. Place one arm on the table with the hand hanging over the edge. Bend the
Pushing Hands On a flat surface in front of you, clasp your hands together so your fingers are interlaced. Then, slowly push with your right hand so your left hand bends backward. Hold for a few seconds before using your right hand to pull your clasped hands back to a neutral, center position. Then, push with your left hand so your right wrist is forced to bend backward gently, hold for a few seconds, and pull your hands back to the center. Repeat this 10 times. Pinch and Release Hold one hand up, bent at the elbow, so your fingers point toward the ceiling. Then, with all of your fingers, pretend you are pinching
An Approach to Long-Term Investing
Reach Your Financial Goals
Benjamin Graham first published “The Intelligent Investor” in 1949, and the book has been acknowledged globally as the most significant investment guide of the 20th century. It has taught and inspired people worldwide, including Warren Buffett, who described it as one of the best books ever written on investing! According to Graham, those willing to devote energy and cultivate a specific mindset have the opportunity to generate profitable long- term investments. He was able to gain wealth by precisely evaluating companies in the stock market without taking any significant risks. Here are three lessons from “The Intelligent Investor” that can help you invest successfully! Understand the value behind the business. Whatever stock you are looking to invest in, it is essential to know that it isn’t simply an asset. There is a real business behind it, and if you’re looking to invest long term, you must understand how much value the company has.
Some important questions to ask are: • Is it worth the market price it trades at today? • Is it overvalued? • Does it have potential growth in the future?
This can help you better understand how your investment could appreciate or depreciate over time. Just as Graham did, precisely evaluating versus guessing could make you a more successful investor. Don’t let bias lead you to bad decisions. One of the significant risks when investing is when investors allow bias to lead to wrong investment decisions. The news, economic forecasts, and others’ views can alter a decision. It seems as though investors become attached to information that tends to have little to do with the long-term value of their investments. That is why it is essential to prioritize your research over impulses.
Focus on the facts. It can be easy to follow what the majority are doing. Still, you must rely on something other than the herd mentality to buy or sell your holdings. If you’re looking to invest long term, you must analyze your preferred stocks. This will help you make informed investment decisions rather than selling or buying based on what everyone else is doing. With Graham’s long-term investment strategies and understanding the basic do’s and don’ts of investing, you’ll be better positioned to become an intelligent investor yourself!
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A HAND!
Upcoming Events Visit MattsonFinancial.com/events for opportunities to connect with the Mattson team in 2023!
something against your thumb. Press down firmly and hold for 5-10 seconds. After squeezing, relax and open your hand so your fingers are again pointed at the ceiling. Repeat this five times with each hand.
For best results, complete these exercises daily. Consider starting and ending your day with these stretches to prepare your hands for stressors and release any tension built up after a long day.
TAKE A BREAK!
Karren’s
CREAMY CARAMELIZED BANANA OATMEAL
Inspired by EatWithClarity.com
Ingredients
Oatmeal: •
Bananas : •
1 cup rolled/old- fashioned oats
1–2 tbsp refined coconut oil 2 tbsp maple syrup plus more for topping, if desired
•
• • • •
2 cups nondairy milk (or water)
1/2 tsp cinnamon Pinch of sea salt 1 tsp vanilla extract
•
2 bananas, sliced into thick disks
Solution on Pg. 4
Directions
1. In a pot over medium heat, add the oats and nondairy milk (or water) and bring to a boil. 2. Reduce heat to low, add cinnamon, sea salt, and vanilla and let simmer until thickened. 3. To a large sauté pan, add the coconut oil and maple syrup while the oatmeal is cooking. Once sizzling, add the sliced bananas. 4. Cook on each side for about 5 minutes or until golden brown. 5. When the oatmeal is done, top with the caramelized bananas and additional maple syrup if desired. Add cinnamon, crushed walnuts, pecans, or nut butter!
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FINANCIAL SERVICES, LLC
3226 28th Street SE Kentwood, MI 49512
INSIDE THIS ISSUE
1 2
Who Are You Investing For?
3 At-Home Stretches to Help Your Hands!
‘The Intelligent Investor’ by Benjamin Graham
3
Karren’s Creamy Caramelized Banana Oatmeal
Upcoming Events
4
Brushing Up on Cruise Etiquette
**Reminder: If you have any changes to your financial situation, please notify us as soon as possible.
Know Your Cruise Etiquette Before Setting Sail Investment advisory services offered through Mattson Financial Services, LLC, an SEC-Registered Investment Advisor. Insurance and annuities offered through Lakeview Financial Group, LLC. Mattson Financial Services, LLC and Lakeview Financial Group, LLC are affiliated companies. ALL ABOARD!
Know what to wear. Some cruise lines aim for a fancy atmosphere, while others prefer a casual approach. Ideally, review the dress policy before you book your trip. Bring at least one formal outfit in your luggage for dinner,
“saving” a seat by putting a towel on it and then wandering away for breakfast or a mani-pedi is the best way to get on your fellow travelers’ bad side. Your cruise may also have a policy against it. Going to the bathroom is one thing; you’re only human. Otherwise, if you want the seat, stay in it. Be on time. Treat your cruise ship like an airplane — if you’re not on time, it’s probably leaving without you. And if you are lucky enough to have the ocean liner wait, your fellow passengers won’t look at you kindly. Set your watch to ship time (not local time) and prepare to be back an hour before the deadline. That way, if you happen to be late, you’ll still be on time. You may miss out on an extra drink or souvenir shop, but nothing will ruin your cruise faster than being left behind at the dock.
After a slump in 2020 and 2021, cruises are back in a big way. If you’re planning your first onboard adventure — or it’s been a while since you last set sail — now is the time to brush up on your cruise ship etiquette. Every passenger should read their cruise line’s policies to ensure they know all the specifics before climbing aboard. In the meantime, we’ve listed some of the most essential do’s and don’ts for the savvy traveler.
which tends to have an upscale vibe. The rest of your cruise wear should be casual but tasteful, leaving you looking put together. Most importantly, don’t overpack — the stateroom is smaller than you think. Don’t be a chair hog. Everyone wants a prime spot on the sundeck, but you’ve got to rise early in the morning to get one. That’s fine if you can manage it, but
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