What the New Tax Law Means for you and your Money

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.