Mattson Financial Services - September 2021

Mattson Financial Services - September 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

SEPTEMBER 2021

WILL YOUR SAVINGS GET YOU THROUGH THE 3 STAGES OF RETIREMENT?

Here’s a riddle for you: “What is it that rich people can’t buy and poor people have too much of?” The answer is “time.” I’m bringing this up today because managing your time wisely is one of the trickiest aspects of retirement. Often, our clients wonder if their money and time will line up. You may have caught yourself thinking, “Will I live long enough that I’ll run out of retirement funds?” In my experience, retirement has three stages: go-go, slow-go, and no-go. People fortunate enough to live a long time — like my mother, who is turning 98 this coming February! — need to accrue enough wealth to make it through all three stages and invest their money differently in each stage. Stage 1: Go-Go In the go-go years, you will be very active and probably traveling all over the world and either buying or remodeling new homes. At this point, you’ll want to take maximum income and reduce your taxes. Our team can ensure you have all of the information you need to make that happen. Stage 2: Slow-Go In the slow-go stage, you will probably be more careful about choosing where you’d like to go and how you’d like to spend your money. For example, maybe you will have been to Paris by this point, and even though Notre Dame has burned down since then and been rebuilt, you won’t feel the need to go back. During this time, you’ll likely find satisfaction in traveling less

and instead consider giving to your family or charitable organizations.

In retirement, you have to balance your money between taking care of yourself and doing the things you plan to do. That second piece is important! I’m not saying go out and buy a dozen Corvettes, but if you’re still pre- retirement or in the go-go stage, you might want to plan that trip sooner rather than later. Ultimately, retirement is about maintaining your quality of life by accruing enough wealth that you have the freedom to make choices. I saw this recently with a client who came in to see me. We’d made great strides in their portfolio, and we discovered that because they were doing modest withdrawals, they

Stage 3: No-Go My mother is in this stage right now. She and my stepfather are still living independently in their 90s, but last August, they moved back to Lake Odessa to be closer to family. They don’t travel apart from going out shopping, getting haircuts, going to church, and attending local family events. When you reach this stage, you’ll want to be comfortable and taken care of. Specifically, you’ll want to have “wealth care” — the wealth needed to take care of your health and pay any medical bills that arise. Spending slowly and wisely in Stage 2 helps make this possible.

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ALL ABOARD THE ESPRES

Meet These Life-Changing Handheld

Why spend $7 on a cup of coffee when you can brew your own while traveling, hiking, and more? Here are three ways you can prepare your own coffee — even espresso! — no matter where you are. The Handpresso If you’re looking for the original portable espresso maker, then the Handpresso is for you. The design was developed in Europe and has sold over 400,000 units in France and abroad since its first unveiling in January 2008. Because it uses Nespresso pods, it’s easy to use and clean and makes an incredible cup of coffee anywhere you go. Also, it’ll fit perfectly in your cup holder, so you won’t have to worry about it bouncing around in the car while brewing. You can learn more at Handpresso.com . The AeroPress Ever been so frustrated with brewing espresso in the States that you created your own espresso machine? That’s exactly what Alan Adler did with the AeroPress. Thankfully,

DON’T FALL THIS FALL! 3 Tips for Fall Prevention

September marks the start of fall , but it also serves as an important reminder about falling .

Improve Your Home Your home just might be your biggest threat when it comes to falls, so improve it with a few changes! Install grab bars and railings on steps and in the bathtub for extra support. Grips on the bottom of the bathtub and on slippery surfaces can give you a secure footing, while lighting along the hallway and in stairwells can better illuminate walkways. Even something as simple as moving a table or decor item out of the hallway can be beneficial! Review Your Medicines Sometimes medication can influence balance and movement. Talk with your doctor about the side effects of your medication and adjust accordingly. You may need to consider alternatives, but if that’s not possible, physical therapy can provide assistance. It’s designed to help you improve your balance and get stronger — which can lower your risk of falling.

Falling is one of the greatest dangers seniors face. As adults age, take more medication, and lose some mobility, it becomes increasingly difficult to stay upright or regain balance — even when tripping over the smallest object. The Centers for Disease Control and Prevention (CDC) estimates that 1 out of 5 falls cause serious injuries, including traumatic brain injuries. Falling can also increase a senior’s chance of falling again.

But for as common as it may be, falling doesn’t have to be your norm. You can lower your risk of falling and injury with a few simple steps.

Move More Your body was designed to move! When you don’t move your body enough, which can happen when you age, your muscles and joints can become weak and stiff. The best way to strengthen your reactions and improve your balance is to move your body. A physical therapist can help you develop a routine that targets your balance while strengthening your muscles and joints.

You can learn more about fall prevention and risks online at CDC.gov.

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SSO EXPRESS! Coffee Makers he totally knocked it out of the park. And now with the AeroPress Go, it’s super convenient to make a classy cup of coffee anywhere you are. With over 350 provided microfilters, you’ll never have excess coffee grit. Plus, it’s designed to deliver a coffee with low acidity, which gives you a smooth flavor with very little bitterness. Check it out at AeroPress.com ! Any Classic French Press It’s true that some French presses are better for travel than others, but you can actually use any kind of French press for “instant” coffee while on the go. Just put your grounds in the pot, pour in your hot water (found at any gas station), and use the tight-netted plunger to press your coffee grounds to the bottom of the pot. It’ll get all the flavor out of your grounds (or even tea), and you won’t have to worry about spills. The best part is that French presses are very affordable, starting at $10–$20 on Amazon.

Upcoming Events Join us at one of our financial webinars or other fun events. Visit MattsonFinancial.com/events to stay up to date!

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didn’t need additional income. They had the freedom to choose whether they were ready to give money away to their children and grandchildren or put it toward assisted living. They chose the latter, and we came up with a plan that would allow them to use their assets and income flow to pay for it, maintain their quality of life, and choose the best possible facility. That’s retirement planning done right. People run out of money in retirement all the time, but you can avoid that and achieve the flexibility you need to get through all three stages with smart investing and financial planning. A big part of this is diversification of your portfolio. Without diversification, which protects you from both downturns and growth, you won’t have the freedom and choice that you need to live happily in retirement. Fortunately, we can help with that! We work continuously on our clients’ portfolios to ensure they will perform well no matter what life throws at them. One thing we can’t do for you is protect your health. Doing that proactively is the closest you can come to “buying” more time in retirement. As I write this, the mirror is reminding me that I have to do a better job of taking care of my health, too. Why? Well, I plan on working here until I’m 80, then having a big party (which you’ll be invited to, of course) and driving off at the end in my ’66 Pontiac LeMans. I’ll wave at you as I pull away, knowing I’m off to have some more fun! You can have that carefree retirement too. You just have to remember to protect your health and invest wisely with your wealth. We’re here to help.

LAUREL’S

EASY PEACH COBBLER

Celebrate the end of summer — and peach season — with this simple and tasty peach cobbler!

Ingredients

• • • • •

1/2 cup unsalted butter

• • • •

1 cup milk

1 cup flour

4 cups peaches (fresh is best!)

2 cups sugar, divided 1 tbsp baking powder

1 tbsp lemon juice

Ground cinnamon or nutmeg to taste

Dash of salt

Directions

1. Preheat oven to 375 F. In a 9-by-13-inch baking dish, add butter and place in oven. Remove when melted. 2. In a large bowl, combine flour, 1 cup of sugar, baking powder, and salt. Then pour in milk and stir until the mixture is smooth. 3. Pour the batter over the melted butter, but don’t stir! 4. In a pot, bring peaches, lemon juice, and remaining sugar to a boil. Stir constantly. 5. Pour peaches over batter, but once again, don’t stir! 6. Sprinkle with cinnamon and nutmeg, then bake at 375 F for 45 minutes.

–Gary Mattson

Inspired by MyRecipes.com

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PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

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

3226 28th Street SE Kentwood, MI 49512

INSIDE THIS ISSUE

Will Your Savings Get You Through the 3 Stages of Retirement?

1

A Handheld Coffee Maker Could Change Your Life

2

Celebrate Fall Prevention Month With These 3 Tips

3

Easy Peach Cobbler

Mark Your Calendar!

4

The Best Places to Visit in Croatia

**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.

The Best Places to Visit in Croatia Your Next Affordable Vacation Spot!

This gorgeous coastal nation will absolutely blow you away with its beautiful architecture, landscapes, and delicious blend of Mediterranean and Slavic cuisine. Even better, it’s a fairly affordable place to visit! While many travelers land in Zagreb, the beautiful capital city and cultural hub, you wouldn’t want to miss these destinations. Dubrovnik As the “Pearl of the Adriatic,” this coastal city is one of the most popular tourist destinations in the Adriatic Sea. It’s a beautiful city, featuring 13th century walls, marble stone streets, Gothic palaces, breathtaking churches, and an imposing fortress. There’s so much to do in the town square — one of Croatia’s largest and most beautiful — and you’ll be able to explore

many historic structures nearby. Nature also has plenty to offer, with secluded coves and beaches nearby for exploration. Plitvice Lakes National Park Near the border with Bosnia-Herzegovina, you’ll find one of Croatia’s oldest and most beautiful national parks and a UNESCO World Heritage Site. Although it’s quite the drive, you won’t regret it — the park has an outstanding and picturesque series of tufa lakes and caves, all connected by waterfalls. With over 16 interconnected cascading lakes, it’s unlike anything else you’ll see. If you get hungry, you’ll love the nearby National Restaurant Licka Kuca, which is famous for its traditional Croatian preparation of lamb under a cast-iron bell.

Split The second largest city in Croatia (the first being Zagreb) is Split, founded by a Greek colony in the second or third century B.C. Historically, Split enjoyed being an independent city-state many times, and that free spirit is very tangible, as Split is very different from any other city in Croatia. With well-preserved Roman architecture and a multitude of museums, it’s no wonder Split is also a UNESCO World Heritage Site. Although Croatia was among the first UN countries to open its doors to Americans, always be safe and check the newest regulations before booking your travel. Hopefully you enjoyed learning about this unique, wonderful country!

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