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 email@example.com.
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 firstname.lastname@example.org.