On this week’s Hanson McClain’s Money Matters, Scott and Pat discuss excess returns and talk with Hanson McClain’s Chief Investment Officer about some interesting tax planning strategies.
Scott and Pat take a call from a man in Denver who wants to know if his wife, who is a teacher, should purchase additional years of benefits on her pension. A caller wants advice about a strategy a broker is pitching to his wife to move $15,000 from an old 401(k) to an annuity. A man inherited a 401(k) from his father and wants to know if he has to take RMD’s based on his father’s age. A caller lost a month of insurance coverage while changing from the affordable care program to Medicare and is now being penalized for not having coverage the entire year; he wants to know what he should do. Scott and Pat welcome Hanson McClain advisor, David Schauer, who discusses a situation with a client that could be facing higher RMD’s when the new tax laws sunset.