What the New Tax Law Means for you and your Money

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 13 January 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the new tax laws and what it will mean for you, and they take a call from a man deciding between a monthly pension and a lump sum. Scott and Pat take a call from a man who is a disabled vet and wants to know if he can retire from his part-time job and be financially secure. A caller wants to know if he should take a monthly pension or a lump sum from his current employer. A man who is still working at 70 ½ and wants to know if he has to take his minimum distribution and if he can still contribute to his 401(k) through his current employer. A caller wants to know if he should purchase a $40,000 a year Universal Life Insurance policy. Lastly, a caller recently refinanced to a 15 year mortgage and wants to know if her and her husband should be making extra payments to get the mortgage paid off even sooner. 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.

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.
0:14.6	Hi, this is Scott. This is Pat. We've got a great program lined up this week.
0:25.3	A gentleman who's got the opportunity to convert a pension into a lump sum.
0:26.2	We're seeing this more and more.
0:28.5	Does it make sense or does it not make sense?
0:33.2	And we're going to talk about the new tax law, and who doesn't want to stay tuned for that.
0:39.0	The ins and out, what it means to you. We're going to highlight some things what it means to the average American and the impact we'll have.
0:39.5	So stick around for Hanson McLean's Money Matters.
0:42.2	Want more of Hanson McLean's Money Matters?
0:45.1	Visit HansonMcLean.com forward slash radio to get the Money Matters podcast.
1:00.2	Welcome to Hanson McLean's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us. Glad you are with us as both myself and my co-host here, talk about the
1:05.5	world of finance. We are both financial advisors, certified financial planner, chartered
1:10.2	financial consultant.
1:11.2	We spend our weekdays meeting with people like yourself.
1:13.1	We come here on the weekends to be your financial advisors on the air.
1:17.8	And glad you are participating in the program today and join along with us.
1:22.7	And being the earlier part of the year, what was the second weekend or whatever in the year,
1:27.2	many people pay a little more attention to their financial life as other areas of their life.
1:33.2	New Year's resolution.
1:34.7	Finance is always a big one, right?
1:36.0	Yes.
1:36.6	Weight loss, quit smoking, improve my finance.
	...

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