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FINANCIAL SERVICES, LLC
616-514-3831
www.MattsonFinancial.com
MARCH 2023
PROTECTING YOUR WISHES THE HIDDEN RESPONSIBILITIES OF A FIDUCIARY
A fiduciary must legally put their clients first. Mattson Financial has been operating under fiduciary standards for a decade, and the law obligates us not to make recommendations against your best interest or to enrich ourselves. But our responsibility goes beyond that. Scam artists are all around us. Just recently, one took $22,000 from our client. She only realized she was being scammed when they told her to remove $75,000 from her retirement account, and she decided to talk to me. Remember, your bank or investment holders will not call you from their “security department” to protect your accounts; they will always notify you through a secure online message. Unfortunately, the scammers can sometimes be members of our clients’ own families. Another client recently passed away, and their trust was passed to its beneficiaries. The money was supposed to stay in the trust and payout to the two children throughout their lifetimes. But since one child was a trustee, they and the other beneficiary opted to thwart their parents’ plans. So, we must be cautious even when our clients’ Power of Attorney is their child. For example, one Power of Attorney contacted us with a request for a large cash withdrawal. We asked for the reason, but they refused to say. Our client had been declared incompetent and could not advocate for herself, and we had no way of knowing whether this was in her
best interest. We followed our Senior Safe Act protocol and ultimately, everything was above board, and we processed the request. But as fiduciaries, our responsibility was to do our due diligence to protect our client. Scammers aren’t the only worry. One client called requesting $75,000 from his account to purchase a condo in Florida. I was planning to be in the area the next day, so I told him I’d stop by in person with the paperwork. He and his wife invited me to dinner, and when I brought up the condo, they had no idea what I was talking about. I reminded the client he had called me the previous day, but he insisted he hadn’t. After some investigation, his wife found a newspaper advertisement for $75,000 condos. She immediately took her husband to the doctor, where he was diagnosed with dementia. We helped guide them to put documentation in place to protect their hard-earned dollars. Of course, our clients still have every right to their funds. You’ve worked for it, you’ve earned it, and after saving for retirement for so many years, you should enjoy it! One client with a significant amount of funds declared she wanted to leave only enough behind to pay for her funeral. She married at a very young age, worked on a farm, and never had the opportunity to travel. We helped her fulfill her dreams, goals, and desires, and she passed away with the amount of money she designated to cover her funeral costs. When
we told her children there was nothing left from the investment side, they were unsurprised, understanding that’s what their mother wanted. Helping a client see through their retirement dreams is one of the reasons why we love what we do every day. But when scammers or an illness like dementia come into your life, it’s our job as fiduciaries to ensure we’re following your wishes. At times, that may put us at odds with the people you love. It’s not our intention, but we must follow our financial fiduciary standards to protect you every time. We strongly encourage you to review your legal documents with an attorney to ensure your wills and/or trusts are ironclad and other key documents are in place like Power of Attorney to help while you’re alive and not well. These documents will give us a road map for the future. And if you have any questions, we encourage you to contact your attorney or attend one of our First Friday workshops to learn more. Further, ensure the people around you understand your wishes and adhere to them if the time ever comes. Just like your fiduciary, your Power of Attorney or whomever you appoint to handle your affairs should look out for you and the interests you hold dear. –Gary Mattson
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SORENESS OR PAIN
Exercising improves our bodies and minds, including mental health, sleep quality, and disease prevention. However, the one downside to exercise that deters some people from engaging is soreness the day after a workout. However, soreness is completely normal! It means your body worked hard to become healthier and stronger. But sometimes, that soreness can be more intense, and the level of discomfort is more severe than a subtle throb. When the discomfort after a workout is unbearable or persists for a few days, this may be a sign of pain from an injury. Telling the difference between an average level of soreness and something more serious can be difficult, especially if someone is starting their fitness journey for the first time. So, let’s set the record straight. Here is how to tell the difference between normal muscle soreness from exercise and pain from a possible injury.
Soreness When we exercise and push our bodies to become stronger, we’re actually making tiny tears in our muscle fibers. This is normal; our muscles become stronger as the body repairs these tears because the fibers become thicker and more powerful. However, this tearing and repairing can make us sore the day after a workout. To identify soreness, recognize that muscles will feel tender, and you may feel an ache when you try to use the muscle while sitting, standing, or lifting something. Typically, this ache is only present when those muscles move again, not at rest. However, the longer these muscles stay static, the tighter the muscles will get as they repair, which makes moving them again painful. So, the critical characteristic here is that soreness is typically present as you force the muscle to move .
Muscle soreness should also only last for 2–3 days and onsets about 24 hours after physical activity occurs.
What Is Healthspan?
And How Can You Improve It If you’re retired or about to retire, you have a new and exciting life ahead of you. You may plan to travel the world, start a home project, or adopt a pet. Whatever you decide to do in your retirement, it’s essential to ensure you have as much time to enjoy it as possible. So, how do you make it last? The best way to ensure you get the most out of your life after retiring is to focus on improving your healthspan. While your lifespan is how long you live, your healthspan is how long you can do things independently with complete physical and cognitive ability. Your healthspan also impacts the quality of life left in your lifespan, and the more you invest in it, the more you can enjoy your sunset years to their fullest.
How much you invest matters. We all get busy, that much is true, but how much time you invest in your health makes a difference in how much you get on the return. Ideally, you want to exercise in one of the above categories for 30 minutes daily. If your schedule is slammed, and exercise seems impossible to fit in, try to exercise at a higher intensity (at a level where you cannot hold a conversation during it) for at least 15 minutes a day for roughly the same results. Investing in a well-rounded exercise routine with consistent time durations can improve your healthspan for many years. While the amount of time you have left is important, the quality of that time undoubtedly matters too. When you invest in your healthspan, you’re investing in your independence!
Here’s what you can do to invest in your health now to get the highest return in the future.
Invest in all aspects of your fitness. Exercise is always an excellent investment for a healthier life, but to increase your healthspan, you’ll need to invest in all facets of your fitness, not just cardio. To diversify your health investments, focus on strength, power (how much energy you can output in a short time), balance, flexibility, and cardio. You can accomplish this through any activity, but ensure that your weekly exercises are well-rounded and include at least one exercise in each category.
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Knowing the Difference Matters
Upcoming Events April 7, 2023 12–3 p.m. No in-person First Friday event. A market update ft. one of our advisors and a Gradient Investments portfolio manager will be released via email at 12 p.m. May 5, 2023 12–3 p.m. No in-person First Friday event. A market update ft. one of our advisors and a Gradient Investments portfolio manager will be released via email at 12 p.m.
Pain Be concerned if the sensation is a more jarring and sharp pain rather than merely soreness with movement. Pain can occur outside the worked muscles, like in the joints or tendons of an affected area. While soreness is a dull ache, pain can feel like a stab with specific movements. Also, pain may be present even when the muscle is not moving. If someone is lying down after a workout and feels pain in their knee, even when not in use, that is pain, not just routine soreness. Pain may last longer than 2–3 days and can happen as you exercise or within 24 hours. Also, while muscle soreness subsides as the muscles move, pain can become more severe when you move the injured area again. If you believe your discomfort is pain and not muscle soreness, consult with your doctor to help identify the injury and outline the next steps you should take to heal.
June 2, 2023 12–3 p.m. 3226 28th St SE, Kentwood, MI 49512 Lower Level
TAKE A BREAK! Visit MattsonFinancial.com/events for opportunities to connect with the Mattson team in 2023! First Friday event ft. HCC Rare Coin Appraisal, outdoor market, and market update. Interested in being a vendor? Want to make a coin appraisal appt? Call us at 616-514-3831.
Sarah’s
APPLE TART WITH ROSEMARY AND HONEY SYRUP
Inspired by Delicious.com
Level up your dessert game with this unique apple tart! Covered in rosemary-infused honey, this recipe combines the sweet flavors of pink lady apples and the peppery depth of rosemary, all atop a flaky crust.
Ingredients
• •
Frozen puff pastry, thawed
• •
3/4 cup runny honey 2 pink lady apples, very thinly sliced
3 1/2 tbsp unsalted butter, softened
• • •
1 egg yolk
•
1 rosemary sprig, leaves picked
1/3 cup almond meal 1 tsp vanilla bean paste
Directions
1. Preheat oven to 400 F. 2. Roll pastry to a 12-inch-diameter circle, 1/8 inch thick. Place on a tray lined with baking paper. 3. In a bowl, place butter, egg yolk, almond meal, vanilla, and 1/4 cup honey. Beat with a wooden spoon until smooth. 4. Spread over pastry and arrange apple slices on top. Drizzle with 1/4 cup honey. Bake for 20 minutes, until golden and crisp. 5. In a pan over low heat, place rosemary and remaining 1/4 cup honey. Swirl to melt honey. Pour over tart, and enjoy!
Solution on Pg. 4
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PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
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FINANCIAL SERVICES, LLC
3226 28th Street SE Kentwood, MI 49512
INSIDE THIS ISSUE
1 2
A Fiduciary’s Responsibility to Protect
The Difference Between Muscle Soreness and Pain
The Investment You Can’t Afford to Skip
3
Apple Tart With Rosemary and Honey Syrup
Upcoming Events
4
The Best St. Patrick’s Day Celebrations in America
**Reminder: If you have any changes to your financial situation, please notify us as soon as possible.
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.
FEELING THE LUCK OF THE IRISH?
Check Out America’s Best St. Patrick’s Day Celebrations
As we inch closer to the beginning of spring, nature around us is coming back to life. Soon, the grass and trees will return to their typical green hue if they haven’t already. Luckily, you don’t need to wait until April to see an abundance of green again. On March 17, we celebrate St. Patrick’s Day, and people across the country will dress in green to honor the occasion. Certain cities in the U.S. go big for St. Patrick’s Day. If you’ve never attended a St. Patrick’s Day parade or celebration, maybe this is the year. Here are three cities with St. Patrick’s Day celebrations worth checking out. Chicago, IL Nobody does St. Patrick’s Day quite like Chicago, Illinois. The entire city gets a makeover! This year, on March 11, Chicago will host its St. Patrick’s Day parade, which includes dyeing the Chicago River a beautiful shade of emerald green. They’ll start tinting the river around 9 a.m., and the color will fade within six hours, so make sure you get there early! Chicago’s St. Patrick’s Day Parade is also one of the biggest in the country. You’ll see floats, Irish step dancers, and much more. New Orleans, LA Once Mardi Gras concludes, all eyes are on St. Patrick’s Day in New Orleans, Louisiana. The city hosts a parade on March 11, and it’s always
quite a spectacle. You’ll see the makings of Irish tradition everywhere, including cabbage, onions, and potatoes, so keep your head on a swivel. You can also head to the Irish Channel neighborhood on March 11 to attend an all-day block party. Plenty of green beer will be available at this event, so come ready to celebrate! New London, WI Let’s say you want to do something slightly toned down but still exciting for St. Patrick’s Day. Then, you’ll want to check out New London, Wisconsin, for one of the country’s most unique St. Paddy’s Day celebrations. Leprechauns will change the city signs from New London to New Dublin. The city also puts on an Irish funeral parody in its annual downtown parade.
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