Money Matters: November 25, 2017
- I want to remodel my Tahoe cabin, how should I finance it? 3:08
- Should I have invest all $400,000 in a target date fund? 10:47
- My tax bill is large, should I buy a second home to offset taxes? 17:19
- Empty Nester, should I have a mortgage? 30:05
- How will changes in tax law effect my retirement? 40:15
- Advisor Dave Cox uses a specific tax code to supplement income. 44:55
On this week’s Hanson McClain’s Money Matters, Scott and Pat take a call from empty nesters who want to know if they should pay cash for a home or mortgage the home and invest the money, and when is a target date fund appropriate. Lastly, Scott and Pat welcome Hanson McClain’s, David Cox, an advisor with the company for over 20 years.
Scott and Pat take a call from a woman who wants to remodel her Tahoe cabin but is unsure of where to take the loan to do so. A retired state worker wants to know when he should put his $400,000 invested into a target date fund. A caller wants to know if she should buy a second home to offset her tax bill. Empty nesters want to know if they should buy a home cash or take a loan for tax purposes and invest the cash. A caller who will be retiring at the end of the month wants to know how the changes in tax law will affect her retirement portfolio. Lastly, Scott and Pat welcome HMA’s David Cox, an advisor with the company for over 20 years, who shares a story about using a specific tax code to supplement income before 59 and a half.