Estate Planning with the New Tax Laws and the Stock Market

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 17 February 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about estate planning with the new tax laws and the current state of the stock market. Scott and Pat take a call from a caller who received a large windfall from his employer's pension plans and wants to know how to mitigate the increase in his Medicare premiums. A caller wants to know what he and his wife should do with the money she inherited. A woman inherited money from her father and wants to know if the money will be taxed. A man calls on behalf of someone else and wants to know what the maximum Wind Fall Elimination program reduction would be for a teacher who wants to retire at 62. Lastly, Scott and Pat welcome Andrew Kroll, Estate Planning & Asset Protection Attorney at Kroll Law Offices, P.C.

Transcript

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0:00.0	Answering your tough financial questions for the past 21 years,
0:04.2	it's Hanson McLean's Money Matters, with co-hosts Scott Hanson and Pat McLean.
0:17.6	Hi, this is Scott.
0:18.7	This is Pat.
0:19.3	Hey, we have a caller that got some cash he wasn't expecting. It was
0:22.7	interesting how he spent it. We'll hear from him. Yes, a very, very interesting call as well as a ton of phone calls
0:29.2	and the big question on social security. Stick around. Would you like an opinion on a financial matter you're dealing with?
0:40.4	Whether it is about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call.
0:49.0	To join Hanson McLean's Money Matters, call now at 1-3-8-8-H- 1-3-8 to H-A-N-S-O-N.
1:03.6	Welcome to Hanson-Meclton Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us.
1:08.8	Yeah, really glad you are here with us today as we talk about
1:11.5	financial matters and retirement planning issues and actually all things kind of related to
1:17.9	finances and peace of mind. That's the hope. That and then some more, I think, having some
1:26.0	financial independence being at a point where um
1:28.6	work is an an option or not an obligation and many many people get there yeah uh because if you look
1:37.1	at two-thirds of baby boomers say they don't really want to have a traditional retirement but i
1:40.8	think most people want to be in a position where retirement is clearly an option and they choose to go to work each day. But what is it? The recent statistics I saw was somewhere
1:50.4	around 40% of people actually left the workforce prior to when they expected they would.
1:55.3	Yeah, it's around 50%. Is it? Yeah, we have roughly half people. Anyway, both myself and a co-host,
2:02.3	we were both financial advisors,
2:04.6	certified financial planner, charter financial consultant.
2:07.5	We spend our weekdays meeting with people like yourself.
	...

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