What’s the difference between investment advising and co-hosting a financial topic radio program? Scott Hanson and Pat McClain do both, and the result is that listeners to the show get important, sometimes urgent financial questions answered from the comfort of their homes, or even while driving down the highway. That spontaneity leads to some interesting and even unexpected moments during live broadcasts. Have you listened to Hanson McClain’s Money Matters, lately? In November's monthly newsletter, see why after almost two decades, Scott and Pat continue to work to make the broadcasts better, why they are finally considering expanding the program to new markets, and what it all means for devoted listeners of the show.
Images of silver-haired couples, vacationing and enjoying a spectacular sunset are everywhere. Advertisers use them because it depicts something that many people profess to admire: the successful navigation through life with a partner you love.
Sustaining good health is obviously foundational to achieving that goal, and with advances in medicine and healthcare, the prospects for a long life are better now than at any time in history. That’s the good news. But there’s a flipside to the pervasive images of well-retired couples, an image that is common yet rarely seen. What happens when one of those photogenic partners passes away, or what if you never had a partner to begin with?
In the July 21st edition of The Wall Street Journal, US Senator Bob Portman of Oregon spelled out the tremendous challenges facing our government’s entitlement system, and even offered a few solutions to address some of the problems. One of the repairs he suggested was means-testing Social Security benefits for upper-income retirees.
Simply, the more money a person has saved (or earns), the less Social Security they’d receive.
Back on June 27th, 2014, Scott Hanson wrote a featured guest column for The Wall Street Journal, where he offered his insight into what retirees could do to mitigate the potential impact of means testing.
Below is a transcript of that column.
Topics: Retirement Transition