Hanson McClain’s Money Matters

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Inflation can be your greatest danger in retirement.

On this week’s Money Matters, Scott and Pat talk about the market’s recent upswing, and why your investing emotions and investing actions should be two separate things.

Scott and Pat talk to a man in his 30s who wants to improve his retirement savings. A caller has $44,000 cash in a universal life policy and asks if she should surrender the insurance. A California man has a $175,000 boat loan in addition to a big mortgage on a rental property. He wants to know what he should pay off first. Finally, a caller with $1.2 million in a Thrift Savings Plan asks if there's a better place for her money.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Insurance companies are in the same market as you.

On this week’s Money Matters, Scott and Pat talk about the resurgence of unconventional mortgages, or “liar loans.” Scott and Pat also have an exciting announcement about Hanson McClain Advisors.

Scott and Pat take a call from a woman trying to leverage her house to buy more property. A man wants to close his deceased sister’s IRA. A caller in Northern California bought an index annuity with all of the money in his Thrift Savings Plan and regrets his decision. Finally, a 44-year-old woman has $100,000 saved from an insurance payout after her husband passed and wants to help her children. 

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Revenue sharing can change your advisor’s view.

Scott and Pat talk about how a seemingly small change in fees can cloud your advisor’s view, and the current state of the market.

A caller anticipating a $200,000 inheritance asks if he should use the money to pay down a mortgage. A man in his 30s is expecting a baby and wants to make up for a late start saving. A caller with a $60,000 home equity loan asks if he can use it to save on taxes. Finally, a salesman is pitching a Sacramento woman a costly life insurance policy that she doesn’t need.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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What the new tax law means for mortgages.

On this week’s Money Matters, Scott and Pat talk about how the new tax law may change the way you want to pay off your mortgage. Scott also talks about a bank teller who tried to move his checking account for “safety” reasons.

Scott and Pat speak with a woman in Sacramento with $300,000 in an IRA who wants advice about where to put extra money. A caller in Northern California is debating if he should pay off his mortgage early. A caller in the Bay Area wants help prioritizing his savings after his employer changed plans. A man with chronic illnesses is expecting a $200,000 settlement and asks how he should use the money. Finally, a caller who got a late start saving asks how he should catch up.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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The real value of sound financial advice.

On this week’s Money Matters, Scott and Pat talk about a client who almost paid $25,000 in additional taxes after taking costly advice from a big-box financial firm.

Scott and Pat speak with a caller who is considering spending $35,000 on air-time for a pension. A Bay Area man asks why financial advisors do not work by the hour. A caller in Northern California has $300,000 in stock and is worried about capital gains taxes. A college professor in Texas wants advice before buying a $500,000 annuity. A 50-year-old man in Sacramento is deciding between a lump sum or monthly payouts on his pension.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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An investment philosophy is half the equation.

On this week’s Money Matters, Scott and Pat talk about the pension trouble facing government entities and companies like Pacific Gas and Electric. They also discuss the danger of using a retirement strategy based on just a few assumptions.

Scott and Pat take a call from a mother whose daughter has cancer and a lot of debt. She wants to know how to financially protect the grandchildren without the creditors taking the assets. A caller in Minnesota asks if an immediate annuity makes sense for his elderly mother. A retiree asks about Social Security’s windfall provision. A caller with $1.3 million wants protection from outliving his money.  

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Investing Doesn’t Need to be Complicated

On this week’s Money Matters, Scott and Pat talk about the simple moves that you can make to improve your financial footing in 2019.

Scott and Pat take a call from a California man who wants to sell his property for $250,000 and buy an out-of-state apartment complex. A 33-year old woman in Missouri wants a better way for her self-employed husband to save for retirement. A man in Northern California had a friend tell him that he made a 30% return investing in real estate and wants to know if he should get in. A 70-year-old man has all of his savings in stock and an advisor pitching him an annuity.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Investing in Yourself is Saving

Rounding out the year, this week’s Money Matters is a look back at more of the most memorable calls from 2018. Scott and Pat also talk about some money moves that you can make to kick off 2019.

Scott and Pat take a call from an engineer who wants to leave money for his children. A woman in her 40’s wants to save for retirement, help her son pay for college, and start a new career. A caller wants to help his elderly mother invest in the stock market. A mother is planning to change jobs and wants to help her son pay for college. A son got his now-deceased grandmother to co-sign a student loan, and the father is concerned about the estate. Finally, Scott and Pat advise a retiree who wants to ensure her pension will also help her husband.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Happy Holidays – Best of Show

Celebrating the Holidays, this week’s Money Matters is a look back at some of the most memorable calls from 2018.

Scott and Pat talk to a charitably-inclined caller who wants to give stock to a non-profit. A man wants to know if it’s a good idea to “invest” in cryptocurrencies and precious metals. A retiree with an $80,000 yearly pension is concerned about Social Security’s future. One of the show’s youngest callers gets help deciding where to go to college. A man suspects his current advisor is not a real fiduciary after being put in high-fee mutual funds. Finally, Scott and Pat help a divorced veteran who wants to save for retirement and his daughter’s college education.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Hope is Not an Investment Strategy

On this week’s Hanson McClain’s Money Matters, Scott and Pat look back on the cryptocurrency boom and bust, and why the values of long-term investing are best learned through experience.

Scott and Pat take a call from a man in Denver who wants to know if he should take his mortgage into retirement. A woman in Colorado put $260,000 of her inheritance in expensive annuities and is worried about the stock market’s ups-and-downs. A man in the Bay Area considers renting his $1.5 million house through retirement. Finally, Scott and Pat take a call from state employee in Roseville who is concerned about the future of California’s state pension.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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