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Money Matters by Allworth Financial

The Impact of Life Expectancy on Pensions and Social Security

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 14 July 2018

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the impact that living longer has on your money, including pensions and Social Security. Scott and Pat take a call from a man who is self-employed and has a Solo 401(k), and wants to know how he should select a broker to help him manage his retirement assets. A caller and his wife have about $1,600 worth of discretionary income each month, and they want to know if they should pay down their mortgage to prepare for retirement. A man inherited $10,000 from his parents, and he wants to know what he should do with the money to help it grow over time. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Transcript

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0:00.0

Answering your tough financial questions for're dealing with? Whether it is about

0:34.7

retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would like to help you by answering your call.

0:42.5

To join Hanson McLean's Money Matters, call now at 1-3-8-8-2-H-A-N-S-O-N.

0:54.3

Welcome to Hanson's Money Matterlains, Money Matters.

0:56.8

I'm Scott Hanson.

0:57.8

I'm Pat McLean.

0:58.5

Glad you're with us today.

0:59.8

In the middle of summers, we're talking about financial issues, both myself and my co-host here.

1:05.7

We're both financial advisors, certified financial planner, chartered financial consultant.

1:10.1

We spend our weekdays with people like yourself, help and be your financial planners during the week.

1:15.3

And then we come here on the weekends to be your financial advisors on the air.

1:19.4

So if you've got some advisors you're working with today or you don't or do things on yourself, whatever it is,

1:24.4

I want you to consider this radio program, another source for information.

1:28.9

And we tend to talk about things that are relevant to those that are planning for in

1:34.3

retirement, transition into retirement, retirement income stuff. And then also some of the peripheral

1:40.2

financial planning issues. What's happening now, but really we try to take a view of retirement that is past just the

1:51.2

retirement day or the first couple years of retirement.

1:53.5

You know, I was talking to somebody, he's some sort of a business consultant type person.

1:58.6

We're talking about, I mean, Hanson McLean, we tend to focus on a lot of retirement planning issues, retirement planning.

2:04.8

And this person says to me, well, doesn't that exclude a lot of other things?

2:09.2

I said, well, we still deal with those.

2:11.3

But retirement planning is the number one issue for most Americans.

...

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