Best of Show: Retirement Planning and Underfunded Pensions

Money Matters by Allworth Financial

Allworth Financial

Investing, Business, Business:investing

4.7 • 839 Ratings

🗓️ 26 May 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week’s Hanson McClain’s Money Matters is a “best of” show featuring our top retirement focused calls. Scott and Pat also talk about underfunded pensions and what it might mean for retirees. Scott and Pat take a call from a man who’s due to inherit $80,000 and wants to know how to use the money to prepare for retirement. A couple who used to contribute to non-deductible IRAs back when their income was higher, wants to know what type of retirement account(s) they should roll the funds into. A caller with $1.6 million in retirement savings, and who is due to receive a monthly pension of $2,800, wants to know if he’ll be able to afford a mortgage of $2,200 once he stops working. A Bay Area woman with two rentals asks if she should cash out her 401(k) to pay off the loans. A man who owns a home in Reno, has a $4,000 a month pension, and $35,000 in an IRA, wants to know if he has enough income to retire.

Transcript

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0:00.0	Answering your tough financial questions for the past 21 years, it's Hanson McLean's Money Matters, with co-hosts Scott Hanson and Pat McLean.
0:18.4	Well, it's Memorial Day weekend, and on this Memorial Day weekend, we decided to take the weekend off.
0:23.8	But not our radio show.
0:26.0	Yeah.
0:26.3	So we've assembled some of the best calls on retirement that we've had.
0:30.6	Some of the best, because it might be great.
0:32.1	But you'll like it.
0:32.8	Yeah, you'll like it.
0:33.5	So our show will be sprinkled in with these.
0:36.4	Would you like an opinion on a financial matter you're dealing with?
0:40.1	Whether it is about retirement, investments, taxes, or 401Ks,
0:44.7	Scott Hansen and Pat McLean would like to help you by answering your call.
0:48.6	To join Hanson McLean's Money Matters, call now at 1-3-8-2-H-H-A-N-S-O-N.
0:54.0	That's 1-8 to H-A-N-S-O-N. Welcome to Hanson
1:01.0	Welcome to Hansen Money Matters. I'm Scott Hanson. I'm Pat McLean. Glad you are with us on this weekend.
1:07.4	We talk about financial issues, both myself and my co-host here. We're both financial advisor, certified financial planner, charter financial consultant.
1:14.7	We spend our weekdays helping people plan for their finances, the rest of their life.
1:20.5	We come here on the weekends to be your financial advisors on the air.
1:23.1	And it's Memorial Day weekend, which...
1:25.0	It is nice.
1:26.0	Yeah, which we thank you for all those that have served before us, for sure.
1:31.7	Yes.
	...

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