Money Matters: January 12, 2019
- My daughter’s health is poor and she’s in debt. How can I help? 2:32
- Should my elderly mother buy an immediate annuity? 13:08
- The challenges facing the “squeeze generation.” 21:22
- Short-term trading is costly in the long run. 26:29
- Why am I paying Social Security’s windfall provision? 33:21
- Companies, governments have underfunded pensions. 38:52
- Am I going to outlive my money? 46:22
On this week’s Money Matters, Scott and Pat talk about the pension trouble facing government entities and companies like Pacific Gas and Electric. They also discuss the danger of using a retirement strategy based on just a few assumptions.
Scott and Pat take a call from a mother whose daughter has cancer and a lot of debt. She wants to know how to financially protect the grandchildren without the creditors taking the assets. A caller in Minnesota asks if an immediate annuity makes sense for his elderly mother. A retiree asks about Social Security’s windfall provision. A caller with $1.3 million wants protection from outliving his money.