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.
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.
On this week’s Hanson McClain’s Money Matters radio show, Scott 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.
On this week’s Hanson McClain’s Money Matters radio show, Scott 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.
On this week’s Hanson McClain’s Money Matters radio show, Scott 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.