Hanson McClain’s Money Matters

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The Demise of the DOL Fiduciary Rule and What It Means for You

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the DOL fiduciary standard and take several calls.

Scott and Pat take a call from a man who is a union employee and wants to know if he can save more and contribute to a Roth IRA and his company’s 401(k). A woman was advised by an advisor to sell her rental property and set-up a charitable remainder fund, and she wants to know if that is the best option. A caller with a pension and $400,000 in an IRA wants to know how he should save for an emergency fund. Lastly, a woman and her husband retired early with over 3.5 million in retirement savings in addition to a pension, and they want to know which pension option they should select.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Underfunded Pensions, Diversifying your Portfolio, and the Impact of Divorce on Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls before talking about underfunded municipal pensions and the risks they pose to future retirees.

Scott and Pat take a call from a couple who have substantial savings and want to know if they should consider investing in bonds. A caller wants to leave a variable annuity to his children. A man sold his business for $800,000, receiving a lump sum of $250,000 plus monthly payments for nine years. He wants to know what he should do with the cash. Lastly, Scott and Pat welcome Alex Scott, an advisor from our partner firm in Cincinnati, who discusses a situation with a client who was going through an unexpected divorce.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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Baby Boomers’ Concerns and Changes in Financial Management Fees

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss what Baby Boomers are most concerned about, and what a decrease in management fees means for investors.

Scott and Pat take a call from a 76-year old woman who is continuing to work part-time and is concerned about whether she is financially prepared for retirement. A caller wants to know if he should take a lump sum pension now or wait a few years. A caller wants to know if he should take an early pension and retire from the military. Lastly, Scott and Pat welcome Steve Sprovach, an advisor from our partner firm in Cincinnati, who discusses a client who hated his job but couldn’t afford to retire.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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The Importance of a Debt Free Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the importance of going into retirement debt-free, and if 401(k)s should have automatic enrollment.

Scott and Pat take a call from a woman who wants to know if she can take more than the required minimum distribution and if she should follow her advisor’s advice to move her investments into cash. A caller wants to know how index bond funds work and if he should consider adding them to his portfolio. A man wants to know if he and his wife should continue to pay on a whole life insurance policy.  A woman and her husband want to know what they should do about their home when they retire. Lastly, Scott and Pat welcome Deanna Purvis, an advisor from our partner firm in Cincinnati, who discusses a client who was going to refinance but instead paid off her mortgage.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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How You Should Think About Your Social Security Benefits

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about Social Security and how you should think about those benefits.

Scott and Pat take a call from a man who wants to know if he should invest in Bitcoin or join a Bitclub. Then a man wants to know what he could do to contribute to his employees’ retirement savings since his partner no longer wants to contribute to their profit sharing plan. Lastly, a caller wants to know if he should liquidate one of his accounts and pay off his mortgage before retiring at the end of the year.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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