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Advice. Guidance. Direction. If you're on the Michael Matheson Blog, you've come to the right place. Follow my blog and find the resources and information you need to learn about various financial topics and tools. Don't be afraid to ask questions. I'm always open to guiding individuals in the right direction. 

 

Wednesday, October 2, 2019

What data about you is most important?The data that identity thieves are after – social security, credit card, and bank account numbers – is important, as well as more basic data which is being collected by companies whose devices you...

 

Monday, September 30, 2019

The simple answer is probably.Historically, the American economy has grown in fits and starts, otherwise known as recessions and expansions. As a result, it is likely there will be another recession in the United States.What are...

 

Tuesday, September 3, 2019

Would you give up a share of $62 billion?Would you give up a share of $62 billion?If your answer is no, then you may be a member of the relatively small group of Americans (36 percent) that takes all of the vacation days available to...

 

Thursday, August 29, 2019

Just over 100 years ago, Americans typically worked physically demanding jobs. Adults toiled 12 hours a day, seven days a week for low wages. Americans did not take lunch breaks. They did not get sick days or vacations. They were not...

 

Tuesday, July 30, 2019

The world is becoming smarter and more connected all the time – and that has serious implications for people who want to protect their personal data and their privacy. If you’ve been enjoying the convenience of smart utilities and...

 

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Tuesday, July 9, 2019

A Prescription for Dementia Prevention If you’ve ever played a party game that asks you to make difficult decisions, you may have run into a question like this one: Would you rather enjoy good physical health all of your life or good...

 

Thursday, June 27, 2019

Life, Liberty, and Tax-Advantaged InvestingAmericans are passionate about taxes. We have reason to be. In recent years, Americans have spent more on taxes than on food, clothing, and housing combined.1 The Tax Foundation estimates...

 

Thursday, June 13, 2019

Most dads have at least one recipe they like to cook for family and friends. Some have dozens. This year, celebrate Father’s Day by collecting the recipes from the men in your family. Bring a notebook to your next family celebration...

 

Thursday, May 30, 2019

Throughout history people have made inheritance choices that are inexplicable to others. In 1926, Harry Houdini left his magical equipment to his brother, his pulled-from-the-hat rabbits to the children of friends, and a series of...

 

Thursday, May 23, 2019

Memorial Day is a day of remembrance. It’s the time when we pay our respects to the men and women who died fighting for our country. See what you know about this important holiday by taking our Memorial Day quiz.1. What did the...

 

Thursday, May 9, 2019

Moms are like snowflakes. No two are exactly alike. So, when you’re thinking about what to give your mom for Mother’s Day, consider a gift that is as unique as she is -- share your memories with her. Here are some prompts to get you...

 

Monday, April 29, 2019

Where do you set aside the money you’re saving for retirement? If you’re like many Americans, you save for retirement primarily through an employer’s retirement plan, according to Pew Research.1Unfortunately, less than one-half of...

 

Wednesday, April 3, 2019

If someone tells you older people need less sleep than younger people do, don’t believe it. Older Americans need about eight hours of sleep, just like everybody else. What’s different is quality sleep is harder to come by as you age....

 

Thursday, March 28, 2019

It’s no secret healthcare costs are going up. Medical expenses have been steadily increasing for years. In 2007, costs were up almost 12 percent. However, the rate of increase slowed to 6 percent during the past five years and that...

 

Thursday, March 14, 2019

On St. Patrick’s Day, it’s okay to celebrate even if you’re not Irish. St. Patrick himself wasn’t Irish. As we celebrate, we would like to share some of our favorite facts and tidbits about St. Patrick’s Day:1 • St. Patrick’s Day is an...

 

Wednesday, February 27, 2019

How many password-protected accounts do you have?If you keep mental inventory, use a password manager, or have a written record of your passwords (which is not recommended by anyone), take a quick count. You’re likely to find you may...

 

Tuesday, February 12, 2019

Valentine’s Day means different things to different people. Some welcome Valentine’s Day as a time for romance, while others see it as an opportunity to cherish friends and family. No matter how it’s celebrated, Valentine’s Day...

 

Tuesday, January 29, 2019

Whether you own a house or rent an apartment, building a smart home is easier than it has ever been. Homeowners and renters can purchase kits that integrate specific smart items or they can select smart home products, such as light...

 

Thursday, January 17, 2019

In 1983, President Ronald Reagan signed legislation establishing the third Monday of January as Dr. Martin Luther King, Jr. Day.1 Dr. King, who is remembered for his powerful oratory and transformative ideas, once said, “Life’s most...

 

Thursday, January 10, 2019

Bella. Coco. Charlie. Lucy. Max. No matter the name, many pets are considered to be members of the family, providing companionship, protection, and unconditional love. The pet-owner relationship has some powerful benefits, which may...

 

Monday, January 7, 2019

It’s only January, but you may want to jumpstart your 2018 taxes since there are a slew of new regulations that may affect you. The Tax Cut and Jobs Act (TCJA) of 2017 goes into effect this year so make sure you understand how tax...

 

Sunday, December 30, 2018

Eat healthier. Get more exercise. Save more money. Those were the top New Year's resolutions for 2018, according to Statista.1 Few people achieved them. One of the reasons so few resolutions become reality is because people tend to...

 

Friday, December 21, 2018

View our online recording of the recent seminar/webinar. In this special presentation, Michael A. Matheson and Susan Anderson along with their guest speaker, Bill Rothschild of Fidelity Investments, will analyze the events that took...

 

Thursday, December 20, 2018

Holidays can be joyful and a little stressful. Here are a few ways to bring a moment of happiness into your life and the lives of those around you:1 • Take time to call an old friend.• Buy coffee for a stranger.• Briefly chat with your...

 

Friday, November 30, 2018

When the ups and downs of stock markets leave you stressed and wondering whether stocks really will help you pursue your long-term financial goals, there are two things to remember:1. Historically, over long periods, stocks have tended...

 

Friday, November 30, 2018

When the ups and downs of stock markets leave you stressed and wondering whether stocks really will help you pursue your long-term financial goals, there are two things to remember:1. Historically, over long periods, stocks have tended...

 

Tuesday, November 20, 2018

Thanksgiving is a true American holiday. It celebrates generosity and gratitude, and it recognizes the relationships that helped colonists who arrived on the Mayflower in 1620 survive beyond their first winter. History.com explained:1...

 

Friday, October 19, 2018

If you want to retire with confidence, have a plan. “As you near retirement age or even within a decade or so, it is time to start doing some serious financial planning,” said Larry Stein, CFA, author of Peace of Mind...

 

Friday, September 21, 2018

We are all, inexorably, marching toward old age. By 2030, 72 million Americans will be age 65 or older.1 The good news is longevity has been improving, and people are remaining healthy and vibrant at older ages. The bad news is...

 

Friday, September 7, 2018

Are there anecdotes about a family member you want to save for posterity? Has your genealogical research uncovered amazing family stories? Would you like to share the adventures of your life with future generations? If so, you’re...

 

Friday, June 29, 2018

Sitting is bad for your health. Whether you’re sitting at a desk doing work, in a classroom listening to a lecture, or on a ship sailing the ocean, research suggests extended periods of sedentary behavior may increase the...

 

Tuesday, June 12, 2018

…And, it may have some thorns. There’s something you should know about retirement. It’s not as easy as everyone makes it seem. Remember what life was like when you tied the knot? How about once you had children? Or,...

 

Tuesday, May 29, 2018

Paying for College While your high school student is taking standardized tests, parsing college choices, and raring for graduation, you’ll probably find yourself spending some time with net income calculators on college websites....

 

Friday, May 18, 2018

Inheritance Choices: What Will You Leave Behind? History is full with examples of parents taking actions they believe will improve the lives of future generations. In 1780, then President of the United States John Adams wrote to his...

 

Friday, May 11, 2018

Start Talking About Retirement If you ask people what creates stress in their lives, money is often at the top of the list. Stress in America: Paying With Our Health found money was a somewhat or a very significant source of stress in...

 

Friday, May 4, 2018

Cyber Crime is a Growing Threat If you’re not a technology wonk, you may not realize the Internet and the Worldwide Web are actually two different things. The Internet is a global system of interconnected computer networks. The...

 

Friday, April 20, 2018

College is Coming – Have You Started Saving Yet? How times change! In 1940, half of Americans finished their education in eighth grade. College degrees were relatively rare. Just 6 percent of men and 4 percent of women had one.1...

 

Friday, April 13, 2018

Maximizing Your Social Security Benefits Retirement and Social Security are inextricably linked. Not only did Social Security help establish the official U.S. retirement age at 65, it also provides a significant portion of...

 

Thursday, March 29, 2018

Life in the Future Technology is a life changer. GPS has improved interpersonal relations by eliminating arguments about asking for directions. Apps for car services, food delivery, video streaming, news media, and social media have...

 

Friday, March 23, 2018

Home is Wherever You Make It “There’s no place like home.”1 Conjuring an image of ‘home’ was a lot easier for Dorothy than it is for people who are on the cusp of retirement. After all, isn’t...

 

Friday, March 9, 2018

Where is the Best Place to Retire? It all depends on you. Thanks to the Baby Boom generation, pre-retirees and retirees have a lot more options than did previous generations of Americans. There is a lot to consider before you decide...

 

Tuesday, February 20, 2018

Two Ideas Worth Thinking About When Markets are Moving Here’s a number most people would like to see on an annual statement: 21.6 percent. That was the annual return for the Standard & Poor (S&P) 500 Index during 2017. In...

 

Wednesday, January 3, 2018

A New Tool for Parents of Children with Special Needs Twenty-five years ago, the Americans with Disabilities Act was signed into law, guaranteeing disabled Americans – people with mental, physical, or emotional disabilities...

 

Tuesday, November 28, 2017

Help us collect 10,000 toys for the kids and youth in the twin cities! Please bring your unwrapped toys and gift cards to our office between the hours of 8am and 5pm no later than Monday, December 11th to my office located at Michael A...

 

Wednesday, September 27, 2017

Minnesota – Budget Bill Includes Numerous Tax Changes First-time home buyer account, 529 provisions, tax credits among the highlights After a year-long debate over the state budget, including the passing and subsequent veto of...

 

Wednesday, September 13, 2017

Equifax, a major credit reporting agency, recently announced that a breach of sensitive information – including Social Security numbers, driver’s license numbers and addresses – occurred between May and July of this...

 

Thursday, August 31, 2017

In a 2002 interview with Mike Wallace, former First Lady Nancy Reagan said she often reread the love letters written by her husband, former President Ronald Reagan. The letters, which had sustained and enriched their relationship,...

 

Sunday, August 20, 2017

Beware of Spam! While some may be concerned about the iconic American meat that arrives in a rectangular 12-ounce tin (and is inexplicably popular in certain island states and American territories), more should be wary of its namesake...

 

Monday, April 17, 2017

7 Reasons a Roth IRA May Be a Good Idea for You or Someone You Love It’s almost tax time. During April, many people take advantage of the opportunity to reduce taxes by funding a Traditional IRA. While that makes sense for some...

 

Tuesday, March 21, 2017

It’s tax season! Every year, around this time, the Internal Revenue Service (IRS) publishes its dirty dozen – a list of scams criminals use to try and ferret out personal information and/or steal money.1 For example, if you...

 

Monday, August 8, 2016

"Since I was 7 years old in 1957, I was told that there would be no Social Security – what do you think Mike?” Retiree Social Security income is a politically charged hot button issue and opinions vary from source to source...

 

Thursday, July 28, 2016

When Your Children Leave Home, Will You Save More for Retirement? You may be asking yourself whether that’s a trick question. After all, almost one-third of 18- to 34-year-olds are still living at home with their parents. It is,...

 

Thursday, July 14, 2016

Being Financially Savvy is A Family Business Like it or not, we’re all involved in running the “family business.” We worry that our parents might outlive their retirement savings. We’re comforted by the thought...

 

Tuesday, June 28, 2016

High-Level Takeaways On June 23, British citizens voted roughly 52 percent to 48 percent in favor to leave the European Union. Short term, we expect market volatility to pick up - Asian markets’ response and the Dow Jones...

 

Thursday, December 31, 2015

Dear Valued Clients, Friends & Family, Happy New Year! I hope you all have had a great Holiday season and are looking forward to a great 2016. Click here to read the full Newsletter

 

Thursday, November 12, 2015

Estimating the Cost of College Tip: Public Costs. Average in–state tuition and fees for public four-year institutions was $9,410 for the 2015-2016 school year. Out-of-state tuition for these same institutions averaged $23,893.Source:...

 

Thursday, November 12, 2015

Getting a Head Start on College Savings The U.S. Department of Agriculture estimates a middle-income family with a child born in 2015 can expect to spend about $275,000 to raise that child to the age of 17.¹ That’s roughly...

 

Wednesday, November 11, 2015

Countdown to College Tip: Parlez-vous Francais? Many universities like to see multiple years of foreign language on a transcript. Source: Collegeapps.about.com, 2014 Most parents want to give their children the best opportunity for...

 

Friday, November 6, 2015

What to Look for in a Long-Term Care Policy Tip: How Old Are You? Age makes a difference in the cost of a long-term care policy. Generally, the older you are when you purchase a policy, the higher you can expect the premiums to be....

 

Thursday, November 5, 2015

Understanding Long-Term Care Tip: Won’t Medicare Pay for It? After a three–day hospital stay, Medicare will cover the first 20 days in a skilled nursing care facility completely. For the next 80 days, it will cover all but $157.50 per...

 

Wednesday, November 4, 2015

Healthcare. Retirement. Those may be two of the most stressful words in the English language today. Especially when you include them both in the same sentence. For instance, a married couple that saves $326,000 has a 90 percent chance...