On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls and talk about what might be lurking in your bond portfolio and the importance of not putting your retirement in jeopardy for your child’s college education.
Scott and Pat take a call from a high school student who was accepted to Columbia University and the University of San Francisco and wants to know if she should take on more student loan debt to go to Columbia University. A caller purchased viaticals which are now in receivership and wants to know how long it will be before he gets his money back and if he can put the money back into his IRA once he gets it. A caller recently retired and wants to know what’s the best strategy for taking retirement distributions from his savings. Lastly, Scott and Pat welcome Hanson McClain advisor, Barbara Healy, who discusses a situation of a retired couple who wanted to down size and needed to know if they could afford the new home.