Hanson McClain’s Money Matters

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What the New Tax Law Means for you and your Money

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the new tax laws and what it will mean for you, and they take a call from a man deciding between a monthly pension and a lump sum.

Scott and Pat take a call from a man who is a disabled vet and wants to know if he can retire from his part-time job and be financially secure. A caller wants to know if he should take a monthly pension or a lump sum from his current employer. A man who is still working at 70 ½ and wants to know if he has to take his minimum distribution and if he can still contribute to his 401(k) through his current employer. A caller wants to know if he should purchase a $40,000 a year Universal Life Insurance policy. Lastly, a caller recently refinanced to a 15 year mortgage and wants to know if her and her husband should be making extra payments to get the mortgage paid off even sooner.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Tips for Preparing to Retire in the New Year or Shortly Beyond

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about what you should be focusing on if you plan to retire in the New Year or in the next few years.

Scott and Pat take a call from a man who wants to know if he is too late to jump on the cryptocurrency and precious metal bandwagon. A caller purchased a fixed annuity many years ago and is of need of the income but is unsure of what to do with the annuity now. A caller with extensive experience remolding and managing properties wants to know if he needs to stop purchasing properties and diversify his investment portfolio. Lastly, Scott and Pat welcome Hanson McClain advisor Laurie Kyro, who discusses a situation with a client who had a terminal illness and needed assistance.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Best of 2017

On this week’s Hanson McClain’s Money Matters, Scott and Pat play the best calls of 2017 for their New Year’s special show.

During the best of segment, Scott and Pat take a call from a retired veteran who wants to know if he should pay cash for his home or mortgage the purchase of the house. A 48 year-old caller wants to if he should purchase long-term care insurance and if so what kind. A caller plans to retire in 12 years and wants to know when is the best time to decrease volatility in his portfolio prior to retirement. Scott and Pat play a clip of their best guest interview with Jane Wells, a CNBC Special Correspondent. Lastly, they take a call from a 83 year-caller who wants to know if he should reevaluate his investments.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Christmas Special: New Tax Bill

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the new tax bill and what the changes will mean for you and your finances.

During the best of segment, Scott and Pat take a call from a retired veteran who wants to know if he should pay cash for his home or mortgage the purchase of the house. A 48 year-old caller wants to if he should purchase long-term care insurance and if so what kind. A caller plans to retire in 12 years and wants to know when is the best time to decrease volatility in his portfolio prior to retirement. Scott and Pat play a clip of their best guest interview with Jane Wells, a CNBC Special Correspondent. Lastly, they take a call from a 83 year-caller who wants to know if he should reevaluate his investments.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.  

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Bitcoin Investing, Tax Proposals, and Retirement Planning

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk in-depth about looming tax changes and the buzz around Bitcoin and other Cryptocurrencies.

 

Scott and Pat take a call from a man who will be retiring within four years and wants to know how the USA withdrawing from NAFTA will affect his retirement savings. A caller made non-deductible IRA contributions and wants to know if he should roll over those accounts to Roth IRA. Lastly, a caller wants to know if his Social Security is completely offset by the CRS retirement.

 

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.  

 

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Year-End Tax Planning Tips, and Avoiding Taxes on Required Minimum Distributions

On this week’s Hanson McClain’s Money Matters, Scott and Pat provide year-end tips that can assist with tax planning, they help a caller wanting to know how to use home equity effectively, and they talk about interesting ways to avoid taxes on required minimum distributions.

Scott and Pat take a call from a woman who inherited property from her deceased parents and wants to know if the property tax will be reassessed. A couple who has significant credit card debt, wants to know what they should do to help manage their debt. A caller wants to know how she can defer the taxes she will pay when she sells her duplex.  A husband and wife want to know what their investment strategy should be if they have a large amount of retirement savings that they don’t need to use. Lastly, Scott and Pat welcome HMA’s, Barbara Healy, an advisor with the company for over 13 years, who shares a story about tax planning.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.  

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Preparing for retirement, here is the best option for each caller’s situation.

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls, helping callers to determine what options are right for their retirement planning needs. And their response to one caller, in particular, may surprise you. 

Scott and Pat take a call from a man who is helping a friend and wants to know what are the advantages and disadvantages of taking a distribution from a 403B versus an IRA. A caller is considering getting a joint title of property with her mother and wants to know if she will have to pay capital gains when her mother passes. Great savers want to know if they should covert some of their Traditional IRA to a Roth IRA each year. A caller wants to know if his plan to purchase multiple single premium immediate annuities makes sense. A husband and wife want to know when they should start taking Social Security. Lastly, a caller wants to know if she needs life insurance or not.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.  

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Catching up on saving as an empty nester, and using a specific tax code to supplement income before 59 and a half.

On this week’s Hanson McClain’s Money Matters, Scott and Pat take a call from empty nesters who want to know if they should pay cash for a home or mortgage the home and invest the money, and when is a target date fund appropriate. Lastly, Scott and Pat welcome Hanson McClain’s, David Cox, an advisor with the company for over 20 years.

Scott and Pat take a call from a woman who wants to remodel her Tahoe cabin but is unsure of where to take the loan to do so. A retired state worker wants to know when he should put his $400,000 invested into a target date fund. A caller wants to know if she should buy a second home to offset her tax bill. Empty nesters want to know if they should buy a home cash or take a loan for tax purposes and invest the cash. A caller who will be retiring at the end of the month wants to know how the changes in tax law will affect her retirement portfolio. Lastly, Scott and Pat welcome HMA’s David Cox, an advisor with the company for over 20 years, who shares a story about using a specific tax code to supplement income before 59 and a half.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.  

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Amazon’s current pricing strategy, and what to do with inherited stock.

On this week’s Hanson McClain’s Money Matters, Scott and Pat discuss Amazon’s current pricing strategy, what to do with inherited stock, and how to protect yourself from a market pull back. 

Scott and Pat take a call from a couple who wants to know how much money they should have in an emergency fund. An 83-year-old caller who wants to affirm that he is in good shape financially and determine if the $300,000 he has the bank should be invested elsewhere. A caller wants to know if his son should take out a student loan for medical school or if he should take out a home equity line of credit to pay for his sons schooling. Lastly, a caller inherited common stock all in one company and is unsure of whether to hold onto the stock or sell it.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.  

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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Making a balloon payment on a piece of property and why your pension is not guaranteed.

On this week’s Hanson McClain’s Money Matters, Scott and Pat discuss a caller’s balloon payment due on a piece of property and how to make the payment, why your pension may not be guaranteed, and when a reverse mortgage makes sense.

Scott and Pat take a call from a couple who are great savers and want to know what the contribution limit is on their retirement accounts. The next caller wants to find out if he can borrow money out of his 401K to pay off a balloon payment on second property. A couple in their late 20’s is looking for advice on where to invest their money. A 75-year-old caller wants to know if he should sell his rental properties and draw from the profits for his monthly income to simplify his life. A caller and his wife inherited $90,000, and they need help deciding if they should pay off their mortgage. Lastly, a caller is wondering if she should sell her home and rent to help improve her standard of living. 

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.  

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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