Allworth Financial’s Money Matters

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How is your financial advisor paid?

On this week’s Money Matters, Scott and Pat take tough financial questions from callers and discuss the inherent conflicts associated with the commission-based advisor model.

 Scott and Pat advise a caller on taking advantage of the low interest rate environment to refinance a home and discuss whether it’s wise choice to roll credit card debt into the loan.  A Colorado caller asks Scott and Pat about savings bonds she’s managing as part of her late sister’s estate and questions the fee she pays for basic investment planning with another organization. A Chicago man wonders whether he should delay taking his benefit from the government-run Pension Benefit Guarantee Corporation - concerned with its long-term solvency.  A business owner asks about his commission-based financial advisor’s encouragement to bring on a variable life insurance plan. And, Scott and Pat speak with a retiree who questions whether to lean more toward index funds or individual stocks, discuss the risks of corporate bond ladders, and is advised on the benefits and risks associated with managing his own portfolio vs. working with a certified financial advisor.

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

Download and rate our podcast here.

 

 

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

The diversified disciplined investment strategy wins again.

On this week’s Money Matters, Scott and Pat discuss the value of a diversified and disciplined approach to investment planning and the potential impact of various pandemic relief programs on the economy.

Scott and Pat advise a collegebound caller on whether to purchase a home or wait. A woman asks about an unexpected phone bill that’s 12 years past due and how to handle a third-party debt collection agency. Scott and Pat discuss the pandemic relief programs and the latest public sentiment around organizations who’ve taken advantage of the Paycheck Protection Program. A caller wonders if it would be wise to pay off his mortgage by using his 401(k). Scott and Pat discuss the misconception of investment planning and answer a caller’s question about protecting clients’ “nest eggs” during down markets by expanding the conversation to the key elements of solid financial planning philosophy. 

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

Download and rate our podcast here.

What’s going on with these markets?

On this week’s Money Matters, Scott and Pat talk with Allworth Financial’s CIO Andy Stout about what’s driving the markets despite uncharted economic headwinds and challenging headlines.

Scott and Pat advise a caller on next steps after experiencing significant financial theft by a family member. A new home buyer asks about options to cover his down payment and closing costs while waiting to sell his current home. An Arkansas man with a growing family asks about whether he should use his 401K or “Funny Money” for a down payment on a larger house and wonders if he should pull back on the amount he’s contributing to his 401K. Andy Stout, Allworth Financial Chief Investment Officer, joins Scott and Pat to talk about what’s driving the market recovery as we continue to face a pandemic, a recession, a cautious reopening of the economy, unemployment, and consumer uncertainty.

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

Fewer business trips, fewer office buildings

On this week’s Money Matters, Scott and Pat discuss this pandemic’s potential long-term impacts on real estate.

Scott and Pat advise a charitably inclined caller who wants to open a Donor Advised Fund. A mother asks if she should refinance her $175,000 mortgage. A caller who is concerned about inflation asks if he should buy physical gold. A Kentucky man asks how he should convert the $85,000 in a Canadian bank account into US dollars. Finally, a Sacramento man asks if his 75-year old neighbor should use a reverse mortgage.

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

Download and rate our podcast here.

Nobody predicted the market’s rebound

On this week’s Money Matters, Scott and Pat discuss the stock market’s wild ride and the financial products that burned many retirees.

Scott and Pat advise a caller with $2.3 million saved who asks if he should spend down his cash or continue his Roth conversion strategy. A California man wants to buy a second home in Nevada and asks how he should pay for the house. Scott and Pat speak with a caller who asks if he is on track to retire well. Finally, a caller wants to know if he can return his RMD that he took out in January.

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

Download and rate our podcast here.

The bond market’s message

On this week’s Money Matters, Scott and Pat discuss the strange behavior of many stocks, and why the bond market is acting differently.

Scott and Pat advise a man with $6.75 million saved looking to leave money to his children in a tax-efficient way. A postal worker asks if she will lose her $1,500 monthly pension. A Cincinnati caller is dissatisfied with his current 401(k) and wants to move his account to a new provider. Scott and Pat speak with a man who asks how the CARES Act affects his yearly $5,000 charitable contribution. A caller asks how he can diversify the $1.3 million in his deferred compensation plan.

Register for our virtual workshop, “Be a Bull in a Bear Market” here

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

Download and rate our podcast here.

Markets Are Resilient But, How Will Unemployment Impact Businesses?

On this week’s Money Matters, Scott and Pat take several calls and discuss the resiliency of the markets, but the impact of the high unemployment rate on businesses reopening.

Scott and Pat advise a long-time listener who will be turning 65 and wants to know how he should allocate his investments. A great saver asks how to move his investments back over to the retirement side to avoid tax consequences. A caller has decided to go back to work for a short time instead of retiring fully and wants to know if he should save money to a Roth 401K. Lastly, a teacher asks about the best pension option for his future retirement.

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

Download and rate our podcast here.

25 years and 1 million downloads later, retirement has changed

On this week’s Money Matters, Scott and Pat look back at some of their favorite calls and the early days of the radio show.

Scott and Pat advise a Colorado caller who inherited 25 ounces of gold from his father. A man in Northern California wants to withdraw money from his 401(k) to pay down his $200,0000 mortgage. A Carmichael caller asks how the CARES Act affects his Required Minimum Distribution. Finally, Scott and Pat speak with a woman in Colorado looking to invest the money in her bank CDs.

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

Download and rate our podcast here.

What is your investment strategy?

On this week’s Money Matters, Scott and Pat discuss the reasons why this economic climate proves the need for a disciplined investment strategy. They also talk about an SEC rule that could open the door for a new type of scam.

Scott and Pat advise a caller who sold $100,000 of technology stocks during the stock market dip and repurchased the shares a few days later. A single mother asks if she should use her home equity to pay for her children’s education. A caller, with $1.6 million saved, is concerned that Social Security will not be around for his retirement. Finally, Scott and Pat speak with a man who asks what he should look for in a financial advisor.

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

Download and rate our podcast here.

Personal guarantees and debt can wreck your finances

On this week’s Money Matters, Scott and Pat discuss the current disconnect between the stock market and the broader economy.

 

Scott and Pat advise a recent college graduate looking to invest $45,000. A part-time worker nearing retirement asks how he should pay down his credit card debt. A caller who recently switched jobs asks what he should do with his 401(k). Finally, a man with $350,000 in savings and a pension asks if he should take Social Security early.

 

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

 

Download and rate our podcast here.