Allworth Financial’s Money Matters

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Are you concerned about market turbulence?

On this week’s Money Matters, Scott and Pat discuss the coronavirus and offer a historical perspective on stock market dips.

Scott and Pat speak with a caller in South Carolina who is looking to buy a rental property that’s valued at $900,000. A father asks how he can transfer Coca-Cola stock to his adult children. Scott and Pat advise an Ohio mother who took out $180,000 of Parent PLUS loans for her kids and is now looking to transfer the debt. Finally, a caller in Northern California asks if she should use the proceeds from a land sale to pay down her mortgage.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

Saving is more difficult in your 50s

On this week’s Money Matters, Scott and Pat discuss the reasons why it is more difficult to save as you get closer to retirement, and how you can plan for a secure financial future.

Scott and Pat advise a landlord who asks if he can deduct home improvement expenses for his rental properties. A man, with $400,000 saved, wants to know if he should wait for a market dip before he invests. A retired police officer asks if his wife should take a monthly pension or a lump sum buyout. Scott and Pat speak with a caller concerned that the coronavirus will impact his investments. Finally, a self-employed woman asks if Medicare will impact her health insurance from CalPERS.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

Your financial advisor’s sales goals may affect you.

On this week’s Money Matters, Scott and Pat discuss why Wells Fargo is offering financial advisors forgivable loans. They also talk about commissions in the financial services industry, and how those perks impact the type of service you receive.

You can read the article that Scott and Pat discuss here.

Scott and Pat advise a California government employee with $350,000 who wants to lower his future tax burden. A caller asks if solar panels are worth the cost. Scott and Pat speak with a man looking to dump his variable annuity. A grandfather asks how he can open a 529 plan. Finally, an 80-year old caller asks if she should invest in a Standard & Poor’s 500 index fund.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

Protecting your money in the first years of retirement

On this week’s Money Matters, Scott and Pat discuss a simple investment strategy that they use to protect retirement income.

Scott and Pat advise a Sacramento woman looking to help her son invest in a non-deductible IRA. A caller asks how he should handle the company stock from an organization he recently left. A veteran asks how he can save money from Required Minimum Distributions for his wife. Scott and Pat speak with a woman who wants to buy a larger home for her retirement. Finally, a Cincinnati caller, who worked in the public and private sector, asks how she should plan for Social Security. 

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

What is your purpose in retirement?

On this week’s Money Matters, Scott and Pat discuss the challenge of finding your purpose after leaving a career.

Scott and Pat advise a grandfather who wants to save for his grandchildren’s college expenses. A caller back in the states after living in Taiwan asks if she is on the path to a secure retirement. A Cincinnati man asks if he should pay down his $60,000 mortgage with the savings in his Roth 401(k). Finally, Scott and Pat speak with a woman who saved $1.6 million and is considering a Roth conversion.

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.