Hanson McClain’s Money Matters

Hanson McClain’s Money Matters header image 1

FANG Stocks and the Importance of Diversification

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about how the FANG stocks (Facebook, Apple, Netflix, and Google) have been carrying the market and how the bond market is responding. They also touch on the importance of diversification.

 Scott and Pat take a few calls on whether or not to pay off the mortgage. They take a call from a woman who is currently retired and wants to know if she should pay off her mortgage or not worry about it. And a caller who has a variable interest rate and wants to know what’s the best way to pay off her primary home.

00:0000:00

The Current State and Trend of Today’s IPO Market

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the current state of the market, particularly the IPO market.

Scott and Pat take a call from a man who wants to know if he should purchase a universal life insurance policy. A caller wants to know where he should invest the money he made from the sale of a property. A caller received an inquiry from a financial advisor. He asked the advisor if he was a fiduciary, to which he replied: “I can be.” Can an advisor really be a part-time fiduciary?

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

00:0000:00

Avoiding Taxation on Required Minimum Distributions

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about a new permanent tax law and its impact on required minimum distributions.

Scott and Pat take a call from a 65-year-old man who inherited $75,000 and wants to know if he should pay off his home or invest the money. A woman owns a rental home in Southern California, and she wants to know what will happen if Proposition 10 passes. A caller owes $33,000 in student loans and wants to know if he should invest more money.

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

00:0000:00

Current volatility in the market, and the basics of reverse mortgages.

Scott and Pat begin this week’s show with a conversation about the current volatility in the market. They then take a call from a man who inherited $60,000 and wants to know where to invest the money in a low-risk investment. A caller who has worked for a company for a number of years must deal with a big change to his 401(k). A disabled couple who own their home wants to know if a reverse mortgage is a good idea. And, finally, a caller who filed for bankruptcy due to medical expenses has a couple of complex financial questions.

00:0000:00

The Impact of a Forced Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about forced retirement and the impact it can have your financial plan.

Scott and Pat take a call from a woman who became disabled and had to retire: She’d like advice on how to adjust her portfolio. A caller wants to know if applying for disability now will impact his Social Security benefit later. A man wonders if he can lose his pension once he’s vested. Lastly, Scott and Pat welcome Hanson McClain advisor Justin Wilson, who recalls a client who wanted to retire young but wasn’t sure he could afford it.

00:0000:00

The Demise of the DOL Fiduciary Rule and What It Means for You

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the DOL fiduciary standard and take several calls.

Scott and Pat take a call from a man who is a union employee and wants to know if he can save more and contribute to a Roth IRA and his company’s 401(k). A woman was advised by an advisor to sell her rental property and set-up a charitable remainder fund, and she wants to know if that is the best option. A caller with a pension and $400,000 in an IRA wants to know how he should save for an emergency fund. Lastly, a woman and her husband retired early with over 3.5 million in retirement savings in addition to a pension, and they want to know which pension option they should select.

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

00:0000:00

Underfunded Pensions, Diversifying your Portfolio, and the Impact of Divorce on Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls before talking about underfunded municipal pensions and the risks they pose to future retirees.

Scott and Pat take a call from a couple who have substantial savings and want to know if they should consider investing in bonds. A caller wants to leave a variable annuity to his children. A man sold his business for $800,000, receiving a lump sum of $250,000 plus monthly payments for nine years. He wants to know what he should do with the cash. Lastly, Scott and Pat welcome Alex Scott, an advisor from our partner firm in Cincinnati, who discusses a situation with a client who was going through an unexpected divorce.

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

00:0000:00

Baby Boomers’ Concerns and Changes in Financial Management Fees

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss what Baby Boomers are most concerned about, and what a decrease in management fees means for investors.

Scott and Pat take a call from a 76-year old woman who is continuing to work part-time and is concerned about whether she is financially prepared for retirement. A caller wants to know if he should take a lump sum pension now or wait a few years. A caller wants to know if he should take an early pension and retire from the military. Lastly, Scott and Pat welcome Steve Sprovach, an advisor from our partner firm in Cincinnati, who discusses a client who hated his job but couldn’t afford to retire.

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

00:0000:00

The Importance of a Debt Free Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the importance of going into retirement debt-free, and if 401(k)s should have automatic enrollment.

Scott and Pat take a call from a woman who wants to know if she can take more than the required minimum distribution and if she should follow her advisor’s advice to move her investments into cash. A caller wants to know how index bond funds work and if he should consider adding them to his portfolio. A man wants to know if he and his wife should continue to pay on a whole life insurance policy.  A woman and her husband want to know what they should do about their home when they retire. Lastly, Scott and Pat welcome Deanna Purvis, an advisor from our partner firm in Cincinnati, who discusses a client who was going to refinance but instead paid off her mortgage.

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

00:0000:00