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Money Matters by Allworth Financial

Underfunded pension plans, life after retirement, and effective charitable giving

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 30 July 2016

⏱️ 49 minutes

🧾️ Download transcript

Summary

Scott and Pat talk about underfunded pension plans. They then discuss life after retirement with Dr. Jacquelyn James from the Center on Aging and Work at Boston College. Lastly, Pat and Scott talk to a caller about effective ways to donate to charity. 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.  Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Transcript

Click on a timestamp to play from that location

0:23.8

Hi, this is Scott. This is Pat. We got a great program lined up for you today. One of the things we're going to be talking about, Pat, is pension plans and how they're underfunded and really what it means to you whether or not you have a pension. I think this is the time bomb we should worry about. Yeah, we've also got a great guest, Dr. Jacqueline James from the Center of Aging and Work at Boston College. And great interview. And lastly, effective ways for charitable giving. Yeah, so stick around for Hanson McLean's Money Matters. Providing guidance as you plan and transition into retirement

0:30.3

for over two decades. Here's Hanson McLean's Money Matters. Welcome to Hanson McLean's Money Matters. i'm scott hanson i'm pat mcclain thanks

0:39.9

for joining us that's right glad you are here with us on this weekend uh what was the last

0:45.5

weekend in july summer's coming to summer summer's not coming to it in yeah might

0:50.8

kids go back to school in a couple weeks. Never too soon.

0:55.4

I know.

0:55.9

No kidding.

0:56.8

Anyway, both myself and my co-host here, we were both financial advisors, certified financial

1:01.0

planner, charter financial consultant.

1:02.6

We spend our weekdays with people like yourself helping you plan your financial lives

1:06.6

and come here on the weekends to be your financial advisors on the air.

1:10.7

We kind of joked about summer, but I must admit, in the, you know, the one thing about

1:15.6

our industry, the financial planning type thing, people tend not to focus heavily on their

1:22.8

investments, their savings, their retirement, around holidays.

1:28.4

And the summer.

1:29.2

And the summer.

1:36.5

So most people focus on the first quarter of the year, more people focus on their finances in the first quarter of every year than any other part of the year.

1:39.3

I mean, it's just, you look at call volume into our firm.

1:43.1

We serve 4,000 clients at Hanson McLean.

1:45.2

You just look at call volume.

1:46.5

It's down dramatically during summer.

1:48.0

And then you walk around the office, it's like, where is everyone?

...

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