Hanson McClain’s Money Matters

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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.

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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.

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Baby Boomers’ Concerns and Changes in Financial Management Fees

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss what Baby Boomers are most concerned about, and what a decrease in management fees means for investors.

Scott and Pat take a call from a 76-year old woman who is continuing to work part-time and is concerned about whether she is financially prepared for retirement. A caller wants to know if he should take a lump sum pension now or wait a few years. A caller wants to know if he should take an early pension and retire from the military. Lastly, Scott and Pat welcome Steve Sprovach, an advisor from our partner firm in Cincinnati, who discusses a client who hated his job but couldn’t afford to retire.

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

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The Importance of a Debt Free Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the importance of going into retirement debt-free, and if 401(k)s should have automatic enrollment.

Scott and Pat take a call from a woman who wants to know if she can take more than the required minimum distribution and if she should follow her advisor’s advice to move her investments into cash. A caller wants to know how index bond funds work and if he should consider adding them to his portfolio. A man wants to know if he and his wife should continue to pay on a whole life insurance policy.  A woman and her husband want to know what they should do about their home when they retire. Lastly, Scott and Pat welcome Deanna Purvis, an advisor from our partner firm in Cincinnati, who discusses a client who was going to refinance but instead paid off her mortgage.

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

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How You Should Think About Your Social Security Benefits

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about Social Security and how you should think about those benefits.

Scott and Pat take a call from a man who wants to know if he should invest in Bitcoin or join a Bitclub. Then a man wants to know what he could do to contribute to his employees’ retirement savings since his partner no longer wants to contribute to their profit sharing plan. Lastly, a caller wants to know if he should liquidate one of his accounts and pay off his mortgage before retiring at the end of the year.

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

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Forced retirements, funding college, and liquid investments.

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several questions, helping callers with concerns about Social Security, paying for a child’s college education, and what to do with an inheritance.

Scott and Pat take a call from a woman who wants to know if her husband should apply for Social Security now, or at age 66. A caller wants to know the best way to fund a 529 plan. A woman inherited $40,000 and wants to know which liquid investments she should consider. Lastly, Scott and Pat welcome Cindy Rogers, an advisor from our partner firm in Cincinnati, who discusses a situation where a client was forced to retire early to care for his elderly mother.

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

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Are “saving” and “not spending money” actually the same thing?

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls before speaking with long-time Hanson McClain advisor Barbara Healy about a client with a unique spending problem.

Scott and Pat take a call from a man who wants to know if he should invest $150,000 in a popular but controversial fund. A man who loves to invest in real estate thinks it might be time to diversify. A caller wants to know the tax burden on her inheritance. Next, a woman with a much older husband wants to know what they should do with the $340,000 they have in the bank. Lastly, Scott and Pat welcome Hanson McClain advisor, Barbara Healy, who describes a situation with a client who is wired to save and has trouble spending any money.

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

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Finding Alternative Investments and Reducing Risk

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about reducing risk in your portfolio, before taking several calls from individuals wanting to know the risks of alternative investments.

Scott and Pat take a call from a carpenter who is 58-years old and wants to know if he should invest in commercial bridge loans. A caller wants to know if investing with Collins Asset Group will really result in an 8-to-10 percent return. A woman in her 40s wants to know the pros and cons of selling a rental property. Lastly, Scott and Pat welcome Hanson McClain’s Laurie Kyro, who discusses the plight of a client whose sudden ill health has had a major impact on both her life and her retirement plan.

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

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Protecting Yourself from Bad Investments and Unscrupulous Brokers

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about how to protect yourself from bad investments and unscrupulous investment advisors.

Scott and Pat take a call from a 33-year old man who purchased life insurance with a cash value from a family friend and wants to know if he should cancel the plan. A caller whose parents co-signed her home loan want to be taken off the mortgage: What can they do? Lastly, Scott and Pat welcome Hanson McClain’s Dave Cox who discusses a unique client-situation with complex legal and logistical issues surrounding declining health and being able to stay in his home for as long as possible.

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

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Preparing Your Finances and Delaying Retirement

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about why it might make sense to work a little longer and delay retirement, even if it’s just an additional 6 months.

Scott and Pat take a call from a man who inherited two properties, and wants to sell one, but doesn’t know how he should invest the money. A successful investor wants to know if he should continue to focus on real estate. A man wants to know if it’s better to rent or own a home in the current market. A couple wants to know if they have too much stock exposure. A man about to take a sabbatical has an interesting dilemma with his 401(k). Lastly, a son wants to know how his reasonably healthy 102-year old father should invest a recent real estate windfall.

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

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