Allworth Financial’s Money Matters

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A Financial Scam That Would Make Charles Ponzi Proud and What You Need to Know About Buying Mutual Funds

November 4, 2017

On this week’s Hanson McClain’s Money Matters, Scott and Pat discuss a financial scam that would make Charles Ponzi proud, what investors need to watch out for when buying mutual funds that contain bonds and have high yields, when to take social security, and whether or not continuing an interest only home loan is a good idea.

Scott and Pat take a call from a man who is recently divorced and wants to know if he should continue his interest only home mortgage and max out his defined benefit plan or reduce his contributions and go with a 30-year fixed mortgage. A caller wants to know when he should take his social security benefits. A caller who is considering investing in initial coin offerings. Lastly, a caller wants to know how much long-term care insurance he needs for him and his wife.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at at any time to be featured on a future show.  

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.