November 28, 2020 Money Matters Podcast
- The reputation of financial services. 3:02
- Should I use my 401(k) to pay down my mortgage? 6:18
- How are restricted stock options taxed? 14:44
- Using a Health Savings Account. 27:24
- How can I talk my friend out of a suspicious investment? 31:01
- Will insurance companies go bust? 39:19
- Am I on track for a secure retirement? 46:20
A savings method that you may miss
On this week's Money Matters, before taking your calls, Scott and Pat discuss the hidden benefits of Health Savings Accounts.
A Minnesota caller who’s been laid off asks if he should use some of the $400,000 in his 401(k) to pay down his mortgage. Scott and Pat advise a Colorado man about the taxation of his restricted stock units. A man asks how he can steer his friend away from a suspicious investment with a promised return of 21% per year. A caller asks if civil unrest and wildfires will affect insurance companies' ability to pay annuity benefits. Finally, Scott and Pat speak with a 55-year-old caller making $43,000 a year who has saved $500,000 and wants to know if he’s on track for a comfortable retirement.
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