The Value of Good Financial Advice

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 3 March 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls and talk about the importance of getting the proper retirement advice. Scott and Pat take a call from a man who pre-paid his property taxes for 2017 and wants to know if that was the right choice and if there have been any changes to the new tax law that would keep him from claiming those property taxes. A caller wants to know if he should take the joint and survivor annuity pension option that his company is offering. A woman who inherited an IRA from her mother wants to know what she should do with the IRA and how soon she needs to make a decision. A caller who recently made a Roth conversion before the age of 59½ wants to know if there is anything he can do to mitigate the tax consequences and how he should go about paying the taxes in the future. Lastly, a couple disagrees on when to take distributions from their IRA, and want Scott and Pat’s opinion to be the deciding factor.

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.
0:14.3	Hi, this is Scott. This is Pat. In today's program, we've had several calls, and ranging from a variety of topics.
0:22.7	We've got someone who's inherited an IRA and trying to figure out how to split it up.
0:26.6	We have a gentleman that wants to know whether he should buy life insurance and not have a election benefit for his wife's pension.
0:35.1	Oh, yeah.
0:35.5	That's a...
0:36.6	So someone trying to sell him a big,
0:39.4	fat life insurance policy.
0:41.0	We've got some other great calls, too.
0:42.1	Stick around for Hanson McClean's Money Matters.
0:45.9	Want more of Hanson McClean's Money Matters?
0:48.8	Visit HansonMcLean.com forward slash radio
0:52.6	to get the money matters podcast.
0:57.8	Welcome to Hanson McLean's Money Matters. I'm Scott Hanson. I'm Pat McLean.
1:02.2	Thanks for joining us today as we talk about the world of finance, help try to make some sense of
1:06.8	what's going on in the financial world and help you prepare and make plans for
1:13.2	retirement income regardless of what stage in life you are.
1:17.7	And maybe bringing a little bit of peace to your financial life.
1:20.1	Yeah, that might be it too.
1:21.4	Hopefully.
1:22.1	Yes.
1:23.5	Or unless you're part of the program and you realize you're way behind on your
	...

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