Allworth Financial’s Money Matters

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Pension Decisions and Consolidating 401(k)s

April 7, 2018

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls helping the callers to prepare for retirement.


Scott and Pat take a call from a man who wants a strategy to help him reduce his tax burden while paying for his second son to go to college. A caller has a pension and wants to know if he should take the lump sum or annuity to manage his retirement. A 58-year-old man wants to know what he should do with the money he has in multiple 401(k)s. A wife calls on behalf of her husband who inherited $70,000 and wants to know if CDs are the best option to invest the money with little to no risk. Lastly, Scott and Pat welcome Hanson McClain advisor, Dave Cox, who discusses a situation about a client that’s a high income earner and needed to determine when to take his RMD.