Smart Money Questions

Weekly investing and financial planning wisdom seeking to provide answers to your financial questions with your host, Matt Hausman.

Is It Worth Getting Out of An Annuity With High Fees?

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Are you feeling stuck in an annuity? Do you have big plans to travel in retirement? Matt answers these questions and two others on today’s podcast.  


Read more and get additional financial resources here: 


Today's show schedule: 

1:01 - We’ll talk about four questions today.

2:56 - If a variable annuity has high fees but a high penalty to get out, what should you do?

8:25 - With travel plans in retirement, do you need more income than in your working years?

13:38 - Should your advisor be talking about life insurance, Social Security, and legacy plans?

15:28 - What kind of planning does Matt do?

18:44 - Should you pay off the house or rental property with a money market account?

Mortgage Rates and HSAs

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Are you looking at the mortgage rates right now and considering making a home purchase or refinancing your home? If so, what do you need to know beforehand? Matt will also tackle a discussion of whether you should have a Health Savings Account.

Show Notes, Resources & Contact Info:


1:22 - Today we’re going over mortgages and HSAs.

4:17 - Mortgage rates have dropped to historic lows.

8:18 - What is a cash out refinance and rate and term refinance?

9:30 - What requirements are in your loan?

11:11 - How does a variable rate work?

12:27 - What are the closing costs?

15:55 - Are you eligible for any discounts?

17:20 - Make sure you understand what you are getting into.

20:01 - How is the bank expecting you to pay back a home equity line?

20:40 - A home equity line of credit can be very valuable when needed.

21:42 - What is a Health Savings Account?

23:31 - Qualified medical expenses can be paid out in the future, tax-free.

24:49 - How does Matt use his HSA?

26:15 - What are the drawbacks?


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