On this episode, Pat gives listeners a warning about investments that seem legitimate but are actually sophisticated Ponzi schemes. Next, a caller is inheriting $250,000 from her father but is surprised by the fact that most of the money is not taxable. Finally, calls about the pros and cons of renting to relatives, followed by a call about the ins and outs of Required Minimum Distributions.
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 firstname.lastname@example.org 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.