Scott and Pat begin this week’s show with a conversation about the current volatility in the market. They then take a call from a man who inherited $60,000 and wants to know where to invest the money in a low-risk investment. A caller who has worked for a company for a number of years must deal with a big change to his 401(k). A disabled couple who own their home wants to know if a reverse mortgage is a good idea. And, finally, a caller who filed for bankruptcy due to medical expenses has a couple of complex financial questions.
On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about forced retirement and the impact it can have your financial plan.
Scott and Pat take a call from a woman who became disabled and had to retire: She’d like advice on how to adjust her portfolio. A caller wants to know if applying for disability now will impact his Social Security benefit later. A man wonders if he can lose his pension once he’s vested. Lastly, Scott and Pat welcome Hanson McClain advisor Justin Wilson, who recalls a client who wanted to retire young but wasn’t sure he could afford it.