Shows
Loans Can Be FUN PodcastLCBF Episode 8 - Scott Nelson - SLN FinancialEpisode 8 of the "Loans Can Be Fun" podcast features Scott Nelson, a financial planner with a specialization in retirement income and Social Security. Scott is introduced as a "super genius" in financial planning, albeit humorously noting that such a title wouldn't be compliant on a business card. The episode focuses on Social Security, its future, and its impact on retirement planning.
Scott provides an informative overview of Social Security, tracing its origins to FDR's New Deal in 1935. He highlights the drastic changes in the worker-to-beneficiary ratio from 42:1 at its inception to about 2.9:1 today, emphasizing the demographic shifts and the increasing...
2024-03-2035 min
Loans Can Be FUN PodcastLCBF Episode 7 - Scott Nelson - SLN FinancialEpisode 7 of the "Loans Can Be Fun" podcast features Scott Nelson, a financial planner with extensive expertise in estate planning, among other areas. The episode is dedicated to discussing estate planning, why it's essential, and how to avoid common pitfalls. Scott emphasizes the importance of having an estate plan to dictate who gets your assets after you pass away, highlighting that without your own plan, the state has its own procedures, which might not align with your wishes.
Scott distinguishes between wills and trusts, explaining that trusts are designed to avoid probate, which can be a lengthy and public process...
2024-03-1328 min
Loans Can Be FUN PodcastLCBF Episode 6 - Scott Nelson - SLN FinancialEpisode 6 of the Loans Can Be Fun podcast continues with guest Scott Nelson, a financial planner with extensive experience and designations. The episode primarily focuses on explaining the differences and details of Medicare and Medicaid, which often confuse people.
Scott starts by differentiating between Medicare and Medicaid. Medicaid, he explains, is a welfare program jointly funded by the federal and state governments, intended for individuals with limited financial means. It provides healthcare coverage, but eligibility is strictly based on financial need, with stringent asset limits.
Medicare, on the other hand, is a health insurance program primarily for people aged 65 and...
2024-03-0619 min
Loans Can Be FUN PodcastLCBF Episode 5 - Scott Nelson - SLN FinancialEpisode 5 of the "Loans Can Be Fun" podcast features Scott Nelson from SLN Financial as a special guest. The hosts introduce Scott, highlighting his expertise as a financial planner. The discussion begins with Scott's background and what sets him apart in the financial planning industry. He emphasizes the importance of integrity and experience in providing financial advice.
Scott shares his previous job experience in selling prepaid funeral plans, which led him to financial planning. He talks about encountering many older individuals with poor financial advice from various sources, which motivated him to pursue a career in financial planning. He also...
2024-02-2819 min