Mattson Financial Services - July 2021

Mattson Financial Services - July 2021

F I N A N C I A L S E R V I C E S , L L C

616-514-3831

www.MattsonFinancial.com

JULY 2021

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 to finding the car. I found it online and wanted to buy the vehicle, but I wasn’t sure if the pictures I was seeing reflected what I was buying. So I paid the $600 fee of a certified car appraiser and reviewer in Las Vegas to review the car and give me their assessment of what I was buying.

so that when the time comes for them to stop working or retire, they know that we’re there to support them and take care of their assets. As I’m nearing the golden age of 65 and applying for Medicare, I felt it was time for me to do the same and take my own advice to get a second opinion. As I looked at the pros and cons of the financial advisors I know, I came to the conclusion that the best second opinion I can get is from my team here at Mattson Financial Services. My teammates, Gerald Green and Taylor Steward, and I have been asked to speak to other advisors at events about the processes we’ve put in place, including reviews and opportunities we have for our clients. Recently we attended such an event. Nationally, we ranked at No. 2. However, if you take us out of the equation, of the top 10 advisors out there, three of them were people we had trained. Those three plus us equals 40% of top advisors throughout the U.S. Knowing our firm and training is among the best, I directed Taylor and Gerald to take a look at everything my wife, Nancy, and I have and to give us a report like they’d give any other client, including what deficits, if any, we’re now facing. The fact is that what we don’t know, we can’t see or react upon. So, as I enter Medicare age with Nancy and we’ve done our planning, updated our trust periodically over the years, and grown substantial wealth, like many of our clients, way beyond our imagination, it’s time to sit back and allow others to see if there’s a way maybe we can do it a little bit better.

there are going to be things they see and will wonder why I made certain decisions and have ideas for how I can do things differently. And I expect a written communication, just like we give our clients, about what’s good and bad and the changes we may need to implement. We want you to know that everybody in our firm has reviews, and while numbers and returns of markets have been good lately, we can’t expect them to stay that way. We’ve already made plans for a market downturn as well as hyperinflation and double-digit tax increases. Let me be clear: I’m not saying this is going to happen. I’m saying if it does, we are prepared to take action to make sure you are in the best position possible. As we move forward in these uncertain times, and as markets adjust, taxes change, inflation grows, we’re here, ready, able, and willing to take on a new environment — whatever it shall be. Not just today, but tomorrow. And not just me, but my staff members that are ready and capable as much as I.

Sounds prudent so far, correct?

Well, maybe not! When I got the car, it didn’t match what the appraiser had reported. The car had several issues: The brakes were leaking, the back seat did not match the model year, and so on and so forth. The point is that I paid for a second opinion and what I got was nothing more than someone taking my money. So, how do you know when you’re getting a good second opinion? Many shoemakers will tell you that they do very well making shoes but their children are running around in bare feet. We call this the cobbler’s children scenario. In other words, I’ve got time to make very fashionable shoes for my clients, but I don’t have time to take care of my own world. We’ve had several advisors come to us and explain that they’re doing well managing their money, but if something happened to them, they want their family taken care of, so they gave us the opportunity to meet their spouse. In doing so, we find out how they like to invest money and what control features they want to have. We also develop an ongoing relationship with the spouse

Enjoy the holidays with your family and remember, if not today, then when?

A good report shouldn’t show a rosy picture with nothing wrong. I know in my own case,

–Gary Mattson

Published by Newsletter Pro • www.newsletterpro.com

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GET YOUR TRAIN OF THOUGHT BACK ON TRAC

Have you ever been in the middle of a conversation, presentation, or debate, stringing together thoughts in a way you hope is coherent and insightful when — poof! — you lose your train of thought? It’s frustrating. You just want to make yourself understood, but your brain has other plans. What if there were a way to keep your train of thought on track? Well, the good news is that recovering your train of thought is easy with the following hacks in mind.

loud can help you remember where you were going. Think of it as retracing your steps: You go back to the last words you remember saying, and more often than not, you’ll find your direction again. Take a short pause. Pausing briefly is a great way to make recovering your train of thought seem natural. This hack works really well if you’re answering a question and you need time to think, and you also don’t want to be bogged down by a chorus of “ums” escaping from your mouth.

Repeat, repeat, repeat yourself. Paraphrasing your last few thoughts out

WHAT WILL HAPPEN TO CRYPTOCURRENCY IN THE U.S.? And Why This Could Affect You

Even if you’re not familiar with cryptocurrency, you’ll notice one thing about its market trends — it has been trending higher and higher in the past decade. Then suddenly, in mid-April this year, Bitcoin and other cryptocurrencies plunged significantly in value. That’s because the U.S. government has started the conversation it’s been putting off for some time: Should cryptocurrencies be regulated and, if so, how? Here are some reasons the discussion needs to move forward. Criminal Usage of Cryptocurrencies Is cryptocurrency still popular with criminals? A blockchain >Page 1 Page 2 Page 3 Page 4

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