Hanson McClain’s Money Matters

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Finding Alternative Investments and Reducing Risk

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about reducing risk in your portfolio, before taking several calls from individuals wanting to know the risks of alternative investments.

Scott and Pat take a call from a carpenter who is 58-years old and wants to know if he should invest in commercial bridge loans. A caller wants to know if investing with Collins Asset Group will really result in an 8-to-10 percent return. A woman in her 40s wants to know the pros and cons of selling a rental property. Lastly, Scott and Pat welcome Hanson McClain’s Laurie Kyro, who discusses the plight of a client whose sudden ill health has had a major impact on both her life and her retirement plan.

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

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Protecting Yourself from Bad Investments and Unscrupulous Brokers

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about how to protect yourself from bad investments and unscrupulous investment advisors.

Scott and Pat take a call from a 33-year old man who purchased life insurance with a cash value from a family friend and wants to know if he should cancel the plan. A caller whose parents co-signed her home loan want to be taken off the mortgage: What can they do? Lastly, Scott and Pat welcome Hanson McClain’s Dave Cox who discusses a unique client-situation with complex legal and logistical issues surrounding declining health and being able to stay in his home for as long as possible.

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

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Preparing Your Finances and Delaying Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about why it might make sense to work a little longer and delay retirement, even if it’s just an additional 6 months.

Scott and Pat take a call from a man who inherited two properties, and wants to sell one, but doesn’t know how he should invest the money. A successful investor wants to know if he should continue to focus on real estate. A man wants to know if it’s better to rent or own a home in the current market. A couple wants to know if they have too much stock exposure. A man about to take a sabbatical has an interesting dilemma with his 401(k). Lastly, a son wants to know how his reasonably healthy 102-year old father should invest a recent real estate windfall.

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

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The Importance of Keeping a Diversified Retirement Portfolio

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls and talk about the importance of diversifying your portfolio in retirement.

Scott and Pat take a call from a man who wants to know if he should invest in covered call stock options. A caller who lost his home in the Butte fires wants to know if he will have to pay taxes on a settlement he received from PG&E. A man is getting close to retirement and is considering liquidating his real estate investments to afford retirement, and he wants to know how he can avoid taxes. Lastly, Scott and Pat welcome Hanson McClain advisor, Lauren Williams, who talks about a couple who experienced a health scare and decided to retire sooner than they planned and travel the world.

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

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The Impact of Life Expectancy on Pensions and Social Security

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the impact that living longer has on your money, including pensions and Social Security.

Scott and Pat take a call from a man who is self-employed and has a Solo 401(k), and wants to know how he should select a broker to help him manage his retirement assets. A caller and his wife have about $1,600 worth of discretionary income each month, and they want to know if they should pay down their mortgage to prepare for retirement. A man inherited $10,000 from his parents, and he wants to know what he should do with the money to help it grow over time.

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

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Passing along values as well as money to your kids and grandkids

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about how important it is to prepare your children to inherit money.

Scott and Pat take a call from a man who makes too much money to contribute to a Roth IRA and wants to know if there is a way around the limits. A caller is curious about a fixed income option she can invest in other than bonds. A man is planning to donate stock to a local charity but wants to know if he can avoid capital gains by donating the stock directly. Lastly, Scott and Pat welcome Hanson McClain advisor Pat Henry, who discusses a situation with a client who wanted to determine what would be the most tax efficient way for his children to inherit money from an IRA valued at $700,000.

Ask a question by emailing Scott and Pat at questions@moneymatters.com.

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Saving for Retirement & Investing Profits

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls addressing everything from saving for retirement to investing the profits from the sale of a property or business.

Scott and Pat take a call from a man who recently met with a financial advisor who is trying to sell him a life insurance policy and he wants to know if it’s a good investment. A caller is planning to sell his engineering business and would like to understand the best way to invest the proceeds of the sale. A man with a college-age daughter would like to “gift” his daughter $10,000 for education but wants to know if that gift is tax deductible. A 67-year old man purchased land when he was in college and is now planning to sell the land and wants to know what he should do with the profits to generate retirement income. A caller owns property in a neighborhood she would like to leave and wants to know if it makes sense to do a 1031 exchange to a new property. A woman in her 40’s works for an employer who recently dropped her 401(k) plan and she wants to know what’s the best way to continue to save for retirement.

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How to Afford Retirement & Your Child’s College Education

On this week’s Hanson McClain’s Money Matters radio show, Scott and Pat take several calls and talk about how to afford retirement and paying for a child’s college costs.

Scott and Pat take a call from a man who is retired but working on contract, must take his required minimum distributions and doesn’t need the money but wants to know what he should do with the money. A caller recently met with a financial advisor who told him to refinance his mortgage and increase his contributions to his retirement accounts instead of paying off his mortgage, and he wants to know if that is good advice. A man who is looking for a financial advisor wants to what he should be researching when trying to find a well-qualified financial advisor. A caller’s wife was let go after 30 years with her company, and the husband wants to know if she can afford not to go back to work and retire.

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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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