Hanson McClain’s Money Matters

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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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