Underfunded Pensions, Diversifying your Portfolio, and the Impact of Divorce on Retirement
On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls before talking about underfunded municipal pensions and the risks they pose to future retirees.
Scott and Pat take a call from a couple who have substantial savings and want to know if they should consider investing in bonds. A caller wants to leave a variable annuity to his children. A man sold his business for $800,000, receiving a lump sum of $250,000 plus monthly payments for nine years. He wants to know what he should do with the cash. Lastly, Scott and Pat welcome Alex Scott, an advisor from our partner firm in Cincinnati, who discusses a situation with a client who was going through an unexpected divorce.
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