How Money Matters came to be, when an inheritance might be bad for the kids, and what to do with massive student loan debt.
Scott and Pat open the show with a recap about how Hanson McClain’s Money Matters came to be. That is followed by a trio of callers, including a person who is worried about leaving too much money to her children. Our second caller is a devoted, career teacher still carrying a heavy student loan debt load. Next, a caller from the Midwest has accrued $1.6 million, has a pension and a dairy farm, but needs some specific financial advice. Lastly, special guest Hersh Shefrin, PhD., joins the program to discuss the 2008 financial collapse and behavioral finance.