Hanson McClain’s Money Matters

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Rising Interest Rates and Retirement

On this week’s Hanson McClain’s Money Matters radio showScott and Pat take several calls and talk about rising interest rates.

Scott and Pat take a call from a man who has a discretionary retirement account and wants to know what withdrawal rate he should use. A caller who has Parkinson’s disease wants to know how he should manage his real estate portfolio given that he is unsure of how long he can work. A woman wants to know how much money she needs to retire comfortably. A caller plans to retire soon and wants to know if her husband can afford to retire with her. A woman with Whole Life insurance wants to know if she should stop paying into the policy.

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The Interesting Thing About Crypto Currency and Initial Coin Offerings

On this week’s Hanson McClain’s Money Matters radio showScott and Pat take several calls and talk about cryptocurrency and initial coin offerings.

Scott and Pat take a call from a man who was recently laid off from his job of 30 years and wants to know what he should do with his 401(k). A man with a considerable amount of assets wants to know how he can avoid taxes when he takes distributions from his 457 since he doesn’t need the money. A caller wants to know if he should be concerned about the lack of returns on his 457 and if he should change his allocation to increase returns. A man just started saving at age 49, and he wants to know if he will ever be able to retire. Lastly, Scott and Pat welcome Hanson McClain’s Justin Wilson, who discusses a client with a unique business ownership dilemma that involves numerous employees and both a C and an S corporation.

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The Problem with Life Insurance as an Investment

On this week’s Hanson McClain’s Money Matters radio showScott and Pat take several calls and talk about the increase in the sale of life insurance as a retirement investment.

Scott and Pat take a call from a woman who is heavily invested in real estate and wants to know if she should purchase more. A retired teacher with a pension wants to know if his Social Security will be affected by his salary from a part-time job. A caller wants to know the ABCs of preferred stocks, and how much of his portfolio should be reserved for them. Lastly, Scott and Pat welcome Hanson McClain President Steve Burnett, who discusses a client who hoped to retire but wasn’t sure she could afford it.

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Best of Show: Retirement Planning and Underfunded Pensions

This week’s Hanson McClain’s Money Matters is a “best of” show featuring our top retirement focused calls. Scott and Pat also talk about underfunded pensions and what it might mean for retirees.

Scott and Pat take a call from a man who’s due to inherit $80,000 and wants to know how to use the money to prepare for retirement. A couple who used to contribute to non-deductible IRAs back when their income was higher, wants to know what type of retirement account(s) they should roll the funds into. A caller with $1.6 million in retirement savings, and who is due to receive a monthly pension of $2,800, wants to know if he’ll be able to afford a mortgage of $2,200 once he stops working. A Bay Area woman with two rentals asks if she should cash out her 401(k) to pay off the loans. A man who owns a home in Reno, has a $4,000 a month pension, and $35,000 in an IRA, wants to know if he has enough income to retire.

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The Changing Landscape of Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the concept of retirement and how financial planning needs to fit into the new retirement. They also take several calls on everything from tax planning to retirement income planning.

Scott and Pat take a call from a man who wants to know what his withdrawal rate should be for a retirement account that is a discretionary fund. A woman who is 53, wants to know how she can go back to school, work and save for retirement. A woman’s husband is getting a $100,000 bonus, and she wants to know what they can do to reduce their tax burden. A man is planning to stop working in three years and wants to know if he should buy a retirement home in Reno, and then rent it out until he retires and sells his current home.

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Having Too Much Company Stock Can Be Risky

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the potential risks that exist when an investor is overweighted in their company’s stock. They also take several calls and talk about how financial planning is a dynamic process that should evolve and change as an investor’s life changes.

Scott and Pat take a call from a man who wants to know if he should purchase a whole life insurance policy. A woman who has a $100,000 in a 401(k), wants to know if she should move the money to CD ladders to avoid risk. A caller’s mother has gifted her $14,000 and planned to gift her more money; the caller wants to know how much she can be gifted before she will owe taxes. A man who is 66 wants to know if he should take his Social Security or wait until his full retirement age at 70.

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Don’t Let the Fear of Missing Out Drive Your Investment Decisions

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the mismanagement of retirement savings, and how the fear of missing out drives people to take on more risk than they should. They also take several calls on everything from Social Security to 401(K) management.

 

Scott and Pat take a call from a woman who previously worked in the private sector and is now interested in working for the federal government and wants to know if she would lose her Social Security benefits. A woman is calling on behalf of her husband and wants to know what to do about the limited options in his 401(k). A man has $60,000 in cash that he needs to keep semi-liquid and doesn’t want to take on much risk but wants to know where he should invest the money. A man who has several rental properties and wants to know if he should stop contributing to his 401(k) and only invest in real estate. A 60-year-old man who has a pension that nets about $1,000 a week after taxes and health care, wants to know if he should take Social Security at 62 or wait until his full retirement age.

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Social Security and Pension Planning

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls about Social Security, before discussing how to plan for retirement when you have a pension.

Scott and Pat take a call from a man who wants to know how the talks of trade tariffs will affect his retirement. A 74-year-old man with a government pension wants to know if he is being short-changed on his Social Security benefits after working and paying into the fund for over 30 years. A caller, whose mother co-signed a student loan for her grandson just before she died, wants to know if the estate is still responsible for the loan. A 62-year old caller with an $80,000 a year pension is concerned that Social Security might not be around much longer. He wants to know if he should apply now or wait until later.

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Interest Rates and Real Estate Investing

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls, then discuss the potential for continued interest rate increases and the pros and cons of investing in real estate.

Scott and Pat take a call from a 70-year old woman who needs to take a required minimum distribution and wants to know which of her retirement accounts she should draw down first. Next, a caller wants to know what Scott and Pat think about the financial writer Harry Dent Jr. Later, a caller whose husband in poor health must make some difficult pension decisions regarding future benefits. Lastly, a caller wants to know if his retirement account beneficiaries are legally protected and, if so, whether he still needs a living trust.

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Understanding What Might Be Lurking In Your Bond Portfolio

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls and talk about what might be lurking in your bond portfolio and the importance of not putting your retirement in jeopardy for your child’s college education.

 

Scott and Pat take a call from a high school student who was accepted to Columbia University and the University of San Francisco and wants to know if she should take on more student loan debt to go to Columbia University. A caller purchased viaticals which are now in receivership and wants to know how long it will be before he gets his money back and if he can put the money back into his IRA once he gets it. A caller recently retired and wants to know what’s the best strategy for taking retirement distributions from his savings. Lastly, Scott and Pat welcome Hanson McClain advisor, Barbara Healy, who discusses a situation of a retired couple who wanted to down size and needed to know if they could afford the new home.

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