Allworth Financial’s Money Matters

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Thanksgiving Best of Show

In celebration of Thanksgiving, this week’s Hanson McClain’s Money Matters radio show is a best of show with the top calls from the year.

Scott and Pat take a call from a man who has Parkinson’s and wants to know how he should invest his retirement savings. A woman wants to know if she and her husband should start taking withdrawals from their IRA. A caller wants to know if she should pay off her rental properties with her 401(k). A man is calling on behalf of his wife who has been let go from her company after over 30 years of service and is unsure of what to do next. A caller has a military pension, and he wants to know if his retirement plan is on track. Finally, Scott and Pat discuss a voicemail from an annuity wholesaler.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Baby Boomers are Unretiring

On this week’s Hanson McClain’s Money Matters, Scott and Pat discuss why more retirees are heading back into the workforce, and the upside of fewer pensions.

Scott and Pat encourage a caller to stop considering her vacation property a fantastic investment. A retired military officer with an extra $3,000 in monthly income wants investment advice. A man moving to Mexico with his wife wants to avoid taxes when he sells his American condo. A caller with $50,000 in credit card debt wants to know how to handle his debt and pension.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

The Problem with Investing in Timber

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the problem with timber as an investment and the importance of diversification.

Scott and Pat take a call from a man who wants to know if he should take his pension as a lump sum or as a monthly annuity. A caller has a mortgage of $500,000 and wants to know if she should use her 403(b) to pay it down. A 50-year-old police officer would like to retire and wants to know if he should use his retirement savings to pay off his mortgage. A caller lost his wife and needs advice on what to do with the proceeds from a life insurance policy.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

FANG Stocks and the Importance of Diversification

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about how the FANG stocks (Facebook, Apple, Netflix, and Google) have been carrying the market and how the bond market is responding. They also touch on the importance of diversification.

 Scott and Pat take a few calls on whether or not to pay off the mortgage. They take a call from a woman who is currently retired and wants to know if she should pay off her mortgage or not worry about it. And a caller who has a variable interest rate and wants to know what’s the best way to pay off her primary home.

The Current State and Trend of Today’s IPO Market

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the current state of the market, particularly the IPO market.

Scott and Pat take a call from a man who wants to know if he should purchase a universal life insurance policy. A caller wants to know where he should invest the money he made from the sale of a property. A caller received an inquiry from a financial advisor. He asked the advisor if he was a fiduciary, to which he replied: “I can be.” Can an advisor really be a part-time fiduciary?

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Avoiding Taxation on Required Minimum Distributions

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about a new permanent tax law and its impact on required minimum distributions.

Scott and Pat take a call from a 65-year-old man who inherited $75,000 and wants to know if he should pay off his home or invest the money. A woman owns a rental home in Southern California, and she wants to know what will happen if Proposition 10 passes. A caller owes $33,000 in student loans and wants to know if he should invest more money.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Current volatility in the market, and the basics of reverse mortgages.

Scott and Pat begin this week’s show with a conversation about the current volatility in the market. They then take a call from a man who inherited $60,000 and wants to know where to invest the money in a low-risk investment. A caller who has worked for a company for a number of years must deal with a big change to his 401(k). A disabled couple who own their home wants to know if a reverse mortgage is a good idea. And, finally, a caller who filed for bankruptcy due to medical expenses has a couple of complex financial questions.

The Impact of a Forced Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about forced retirement and the impact it can have your financial plan.

Scott and Pat take a call from a woman who became disabled and had to retire: She’d like advice on how to adjust her portfolio. A caller wants to know if applying for disability now will impact his Social Security benefit later. A man wonders if he can lose his pension once he’s vested. Lastly, Scott and Pat welcome Hanson McClain advisor Justin Wilson, who recalls a client who wanted to retire young but wasn’t sure he could afford it.

The Demise of the DOL Fiduciary Rule and What It Means for You

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the DOL fiduciary standard and take several calls.

Scott and Pat take a call from a man who is a union employee and wants to know if he can save more and contribute to a Roth IRA and his company’s 401(k). A woman was advised by an advisor to sell her rental property and set-up a charitable remainder fund, and she wants to know if that is the best option. A caller with a pension and $400,000 in an IRA wants to know how he should save for an emergency fund. Lastly, a woman and her husband retired early with over 3.5 million in retirement savings in addition to a pension, and they want to know which pension option they should select.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Underfunded Pensions, Diversifying your Portfolio, and the Impact of Divorce on Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls before talking about underfunded municipal pensions and the risks they pose to future retirees.

Scott and Pat take a call from a couple who have substantial savings and want to know if they should consider investing in bonds. A caller wants to leave a variable annuity to his children. A man sold his business for $800,000, receiving a lump sum of $250,000 plus monthly payments for nine years. He wants to know what he should do with the cash. Lastly, Scott and Pat welcome Alex Scott, an advisor from our partner firm in Cincinnati, who discusses a situation with a client who was going through an unexpected divorce.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.