Hanson McClain’s Money Matters

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Annuities, Income Withdrawal Strategies, and Paying Down the Mortgage

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls including one from the son of a widowed mother who is trying to help his mom with her financial situation now that dad is gone, and a gentlemen who wants to know if he should change his withdrawal strategy from his IRA’s based upon the new tax law.

Scott and Pat take a call from a women who lives in Minnesota and wants to know if there are options for older workers who do not want to leave the workforce. A caller recently retired and wants to know if she should pay off her mortgage with her money market account. A caller is calling on behalf of his widowed mother and wants to know if they should invest the money from her annuity in the stock market. A man who has a large retirement savings wants to know if given the new tax laws he should adjust his retirement income withdrawal strategy. A caller’s wife is a nurse but doesn’t currently have a retirement plan provided by her employer and wants to know where she should save to lower their combined taxable income. Lastly, a women who owns an annuity but doesn’t need the money wants to know if she should annuitize her variable annuity now.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Tips to Help you Prepare for Life in Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about retirement topics such as debt in retirement, affording to retire, and retiring and starting a new career.

 Scott and Pat take a call from a women who wants to retire in 8 years and start a new career, and she wants to know if she can afford to do that. A caller wants to know if he and his wife should pay off or pay down their current mortgages. A couple wants to know if it makes sense to have the wife collect half of the husband’s social security and wait to collect hers. Lastly, Scott and Pat welcome Hanson McClain advisor Keith Johnson, who discusses a situation with a client who was a good saver and wanted to make sure his investments were on track but quickly found out he was invested in several illiquid expensive financial products.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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What the New Tax Law Means for you and your Money

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the new tax laws and what it will mean for you, and they take a call from a man deciding between a monthly pension and a lump sum.

Scott and Pat take a call from a man who is a disabled vet and wants to know if he can retire from his part-time job and be financially secure. A caller wants to know if he should take a monthly pension or a lump sum from his current employer. A man who is still working at 70 ½ and wants to know if he has to take his minimum distribution and if he can still contribute to his 401(k) through his current employer. A caller wants to know if he should purchase a $40,000 a year Universal Life Insurance policy. Lastly, a caller recently refinanced to a 15 year mortgage and wants to know if her and her husband should be making extra payments to get the mortgage paid off even sooner.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Tips for Preparing to Retire in the New Year or Shortly Beyond

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about what you should be focusing on if you plan to retire in the New Year or in the next few years.

Scott and Pat take a call from a man who wants to know if he is too late to jump on the cryptocurrency and precious metal bandwagon. A caller purchased a fixed annuity many years ago and is of need of the income but is unsure of what to do with the annuity now. A caller with extensive experience remolding and managing properties wants to know if he needs to stop purchasing properties and diversify his investment portfolio. Lastly, Scott and Pat welcome Hanson McClain advisor Laurie Kyro, who discusses a situation with a client who had a terminal illness and needed assistance.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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