An Interview with the Father of the 401(k) Plan

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 3 June 2017

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to a caller about how his wife’s disability income will be affected when he begins receiving Social Security. A caller then asks how to invest an inheritance to prepare for retirement. Next, they discuss the labor shortage and the ramifications it will have on the economy. Lastly, in a special interview, Scott and Pat welcome Ted Benna, the man commonly known as the inventor of the 401(k), America’s premier retirement savings vehicle. 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.

Transcript

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0:00.0	Hi, this is Scott.
0:11.4	Glad you're joining us today at Hanson-McLean's Money Matters.
0:14.9	We've got a great program.
0:16.2	We're going to talk a little bit about what your retirement looks like.
0:19.3	Is it ideal or is it just okay? Kind of
0:21.8	once versus needs. Also, we've got an interesting guest later on. We've got the father of the
0:26.8	401K. The person who created the 401K will be joining us. And lastly, we are going to talk a little
0:31.5	bit about immigration and how are these labor issues slowing the growth of our economy.
0:36.9	Yeah, so stick around for Hanson McLean's Money Matters.
0:41.3	And now for the Financial Times ranked top investment advisor Hanson McLean, it's Hanson McLean's Money Matters.
0:49.9	Welcome to Hanson's Money Matters.
0:52.4	I'm Scott Hanson.
0:53.3	I'm Pat McLean.
0:54.2	Glad you are here with this as we talk about financial issues and talk about things that are going on in the financial world.
1:01.0	Our objective is to help make you wiser when it comes to the decisions you make with your money, to have more joy, I think, with your finances, less complicated financial life.
1:11.5	And we've been on the radio talking to people just like yourself for over 20 years.
1:15.6	Yep, both myself and my co-host.
1:17.1	We're both financial advisors.
1:19.1	And, of course, that name's thrown around a lot.
1:20.5	We're a certified financial planner, chartered financial consultant.
1:24.4	And we founded Hanson-McLean advisors almost 25 years ago with the objective of helping people plan for and transition into retirement.
1:33.4	And firm services over 7,000 people?
	...

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