Money Matters: January 13, 2018
- Discussion on the markets 01:57
- I am a disabled vet, can I retire and be okay? 06:26
- Should I take a monthly pension or the lump sum? 11:47
- New tax law discussion 26:36
- I am still working at 70 ½, can I still contribute to my 401(k)? 32:56
- Should I purchase this Universal Life Insurance Policy? 36:08
- How soon should we pay off our primary mortgage? 45:45
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.