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.

Welcome to Hanson's Money Matters. I'm Scott Hanson. I'm Pat McLean.

Glad you are with us as we talk about the world of finance

and helping you make wise choices with your money, both myself and my co-host here, Pat. We're both

financial advisors, certified financial planner, chartered financial consultant. Basically just means that

we have the experience in education as financial advisors and we're still practicing advisors and come here on the weekends

to be your financial advisor on the air. If you'd like to be part of the program, our contact number

to join us on a question regarding anything financial, whether it's do you have enough money

save for retirement or is your state plan set up properly or how do you take the right

kind of income stream from your retirement accounts? What accounts do you take from first? Or should I

pay off my mortgage, especially in light of the changes in the standard deduction in tax law?

You'd be interesting, Pat. So yeah, to join us, one, triple-8-2-H-H-A-N-S-O-N. That's 1-3-8-2-H-A-N-S-O-N, and numerically, it's 1-3-4-2-6-6-6.

It'll be interesting after this, when people actually do their taxes and see the impact. For the majority of people got, it's a tax deduction, even with the elimination of some of the

state income taxes, you know, the limitations on it now.

But there's a percentage of taxpayers in the high tax states such as California, New York,

New Jersey, that are going to have a tax increase.

Oh, there's no question.

And there's a lot of people that haven't paid their mortgage off thinking that this tax

deduction has some sort of value to them.

And it'll no longer have a...

It will have no...

Because the standard deduction is so large.

...