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.
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.
On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls helping the callers to prepare for retirement.
Scott and Pat take a call from a man who wants a strategy to help him reduce his tax burden while paying for his second son to go to college. A caller has a pension and wants to know if he should take the lump sum or annuity to manage his retirement. A 58-year-old man wants to know what he should do with the money he has in multiple 401(k)s. A wife calls on behalf of her husband who inherited $70,000 and wants to know if CDs are the best option to invest the money with little to no risk. Lastly, Scott and Pat welcome Hanson McClain advisor, Dave Cox, who discusses a situation about a client that’s a high income earner and needed to determine when to take his RMD.