Money Matters by Allworth Financial

Tax Efficient Strategies for Million-Dollar Portfolios: Roth Conversions, AI Investing & Stock Risk Management

Sat, 06 Jun 2026 06:00:00 -0700

How do you make smart financial decisions after you've already built significant wealth?

In this week's episode of Allworth's Money Matters, Scott and Pat help a retired couple with an $11 million portfolio evaluate Roth conversions, estate planning, charitable giving, and strategies to improve tax efficiency. Then they speak with a 52-year-old listener navigating uncertainty in the alcohol industry while balancing retirement savings, college expenses, and cash reserves. Should he use taxable assets to maximize his 401(k) contributions? Scott and Pat weigh in.

The episode also features Allworth advisor Laurie Ingwersen, who explains how investors with concentrated stock positions can reduce risk while improving tax efficiency. Laurie shares a real-world case study of a client whose portfolio was 70% invested in a single stock and the strategies used to diversify, manage taxes, and preserve long-term wealth.

What You’ll Learn:

-Whether Roth conversions still make sense for high-net-worth retirees

-How to improve tax efficiency through smarter asset location and portfolio design

-When it makes sense to use taxable assets to maximize retirement savings

-Strategies for reducing risk in concentrated stock positions

-How to balance wealth preservation, charitable giving, and legacy planning

Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

Roth Conversions, Retirement Tax Planning & How Much House Retirees Can Afford

Sat, 30 May 2026 06:00:00 -0700

After decades of saving and investing, how do you know when it’s okay to truly enjoy your money?

In this episode of Money Matters, Scott and Pat help a couple with nearly $8 million determine how much home they can comfortably afford after relocating to Florida, while another listener with more than $12 million asks whether Roth conversions still make sense given today’s tax rules and retirement tax planning environment.

They discuss retirement tax planning strategies, the dangers of chasing “popular” AI stocks, and how AI-powered scams are targeting investors and older Americans.

What You’ll Learn:

-When Roth conversions can help lower future taxes
-How much house people can realistically afford
-Better retirement tax planning strategies
-How to invest more tax efficiently
-Warning signs of today’s most common financial scams

Download and rate our podcast here.

The Psychology of Investing & Retirement: Why Smart Investors Still Fear Spending Money

Sat, 23 May 2026 06:00:00 -0700

Why do so many successful investors struggle to actually enjoy the wealth they’ve built? In this Memorial Day weekend episode of Allworth’s Money Matters, Scott and Pat talk with UCLA professor and behavioral expert Hal Hershfield and explore the emotional side of money, retirement, and investing.

From fear of running out of money to recency bias and loss aversion, this episode dives deep into the hidden psychological forces that shape financial decisions — even for millionaires. If you’ve ever wondered why investors panic during market drops, hesitate to spend in retirement, or obsess over past financial mistakes, this conversation about investing will completely change how you think about money.

Scott, Pat, and Hal unpack why wealthy retirees often struggle to spend confidently, how emotions influence investing decisions, and why understanding investor psychology may be just as important as understanding the stock market itself. They also discuss longevity insurance, risk tolerance, mental accounting, and how advisors can help clients align money with purpose and happiness.

Whether you're approaching retirement or simply want to become a smarter long-term investor, this episode offers powerful insights into the psychology behind successful investing and financial decision-making.

What You’ll Learn:

-Why many wealthy retirees are afraid to spend money

-How loss aversion impacts investing decisions

-The dangers of recency bias in the stock market

-Why financial regrets stick with us longer than successes

-How psychology shapes investing behavior

-The emotional side of risk tolerance and market volatility

-How “mental accounting” affects spending habits

-Why longevity insurance hasn’t caught on with investors

-How financial advisors help clients align money with life goals

Download and rate our podcast here.

Real-Life Investing Decisions: How to Simplify Retirement, Taxes, and Financial Planning

Sat, 16 May 2026 06:00:00 -0700

When it comes to investing, the most important decisions aren’t made in theory—they happen in real life. In this episode of Allworth’s Money Matters, Scott and Pat answer real listener calls and break down how smart investing decisions actually play out.

Martha, a 79-year-old retiree with $4–5 million, considers a complex investing strategy involving direct indexing to generate tax losses and improve tax efficient investing strategies. But does this level of complexity actually benefit her portfolio—or just add unnecessary risk?

Then Dennis, age 51, with nearly $2.3 million saved and major expenses ahead, faces key investing decisions around portfolio allocation, college funding, and building a sustainable retirement income plan.

Through these real-world financial questions, Scott and Pat show that successful investing isn’t about chasing complexity—it’s about simplifying your strategy, aligning with your goals, and making confident decisions over time.

What You’ll Learn:

-When complex investing strategies like direct indexing are actually worth it

-How to approach tax efficient investing strategies without unnecessary risk

-Smart ways to think about portfolio allocation as you near retirement

-How to build reliable retirement income from your investments

-How to evaluate real-world financial questions with confidence

-Why simpler investing strategies often lead to better long-term results

Download and rate our podcast here.

How Much Money Do You Need to Retire? Real Calls on Inheritance and Spending

Sat, 09 May 2026 06:00:00 -0700

A good financial plan isn’t just about retirement—it’s about how all the pieces of your financial life fit together. In this episode of Money Matters, Scott and Pat talk with a caller who already has about $2 million and expects a much larger inheritance—but still struggles to spend any of it. They walk through why that happens and how a financial plan can help ease into actually using the money.

They also take a call from a high-income couple earning around $600,000 a year. Even with strong savings, there are still areas being overlooked, so Scott and Pat explain what a complete financial plan should cover—from retirement to insurance to college planning—and where people often miss.

It’s a reminder that a financial plan isn’t just about how much you have—it’s how everything fits together.

What You’ll Learn:
-Why having millions doesn’t always make spending easier
-How to start using wealth without feeling uncomfortable
-What high-income families often overlook
-How to think about retirement when income is strong
-What a real financial plan actually ties together

Download and rate our podcast here.

How to Reduce Taxes in Retirement & Protect Your Kids’ Inheritance

Sat, 02 May 2026 06:00:00 -0700

If you’ve built significant wealth, knowing how to reduce taxes in retirement can have a major impact on what you keep—and what your kids ultimately receive. In this episode, Scott and Pat walk through two real-life situations: one caller facing large tax exposure from millions in pre-tax accounts, and another trying to make sure their children don’t quickly spend an inheritance. Along the way, they also touch on how areas like private credit and private equity are evolving—and what that means for investors thinking about risk, transparency, and long-term planning.

If your goal is to reduce taxes in retirement while being more intentional about your legacy, this episode gives you a clear and practical framework.

What You’ll Learn:

-How to reduce taxes in retirement with large pre-tax accounts

-When Roth conversions work—and when they don’t

-Why RMDs can create long-term tax challenges

-How to structure a trust to protect your kids’ inheritance

-The role of trustees and distribution strategies

Download and rate our podcast here.

Beyond Index Funds: Advanced Tax Strategies, Direct Indexing & Smart Trust Planning

Sat, 25 Apr 2026 06:00:00 -0700

This episode of Money Matters explores advanced tax strategies that go beyond traditional investing to help high earners and retirees maximize efficiency, reduce taxes, and create smarter, more tax-efficient income streams.

With Pat out this week, Scott and Allworth advisor Mark Shone break down how strategies like direct indexing, long/short investing, and tax-loss harvesting can unlock new opportunities—especially for those with larger, more complex portfolios.

Plus, Scott and Allworth’s Head of Private Wealth Strategies, Simone Devenny, dive into trusts, from simple living trusts to more sophisticated estate planning tools.

What You’ll Learn:

-How direct indexing works—and when it can outperform traditional index funds

-Strategies to generate tax losses and offset future gains

-Smart ways to manage concentrated stock positions

-How options strategies can help increase portfolio income

-The key differences between revocable and irrevocable trusts (and when to use them)

Download and rate our podcast here.

Concentrated Stock Positions: How to Avoid Big Taxes

Sat, 18 Apr 2026 06:00:00 -0700

How do you manage a concentrated stock position without getting crushed by taxes? In this episode of Money Matters, Scott is joined by Allworth advisor Mark Shone, who steps in while Pat is away to break down smart, tax-efficient strategies for handling highly appreciated stock positions. They use a real-life case of a recent retiree with nearly $2 million in Apple stock to explore how to reduce risk, diversify, and balance income and legacy goals. Plus, they touch on private credit and real estate trends shaping today’s investment landscape.

What You’ll Learn:

-How to reduce risk in a concentrated stock position-

-Strategies to diversify without triggering large capital gains

-Tax-efficient ways to manage highly appreciated stock

-How to balance income needs with long-term legacy goals

Download and rate our podcast here.

Can I Retire With $5 Million? Planning the Next Chapter

Sat, 11 Apr 2026 06:00:00 -0700

For many investors, the big question is whether $5 million is enough to retire—and this real-life case study shows how to answer it. With Pat out this week, Scott is joined by Allworth advisor Mark Shone to walk through a $5–6 million household navigating retirement while raising kids, funding college, and managing a second marriage. Scott and Mark break down what really matters when asking if you can retire with $5 million—and how to make that decision with confidence.

Plus, a physician with $6M+ asks if being all-in on the S&P 500 is a mistake—and what to do instead.

What You’ll Learn:

How to evaluate if you can retire with $5M
How to fund college without derailing retirement
When sequence of returns risk actually matters
Smart withdrawal strategies for complex situations
Why diversification goes beyond the S&P 500

Download and rate our podcast here.

Tax Strategies for Larger Portfolios: Direct Indexing, Estate Planning & What to Avoid

Sat, 04 Apr 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat react to a listener being pitched a complex direct indexing strategy using margin, while another wrestles with whether setting up trusts for their grandchildren is worth the hassle—breaking down what actually adds value and what doesn’t.

They expand into tax strategies for larger portfolios, including when more sophisticated approaches create more cost and complexity than benefit. You’ll also hear practical guidance on estate planning, gifting, RMDs, and charitable giving through QCDs.

What You’ll Learn:

When a direct indexing strategy using margin may do more harm than good
How to approach tax strategies for larger portfolios without overcomplicating your plan
When trusts make sense for gifting—and when they don’t
Smarter ways to handle RMDs and reduce taxes with QCDs
Why some strategies are driven more by firm incentives than investor outcomes

Download and rate our podcast here.

Roth Conversion Strategy, Tax Planning and Wealth Transfer for High Net Worth Investors

Sat, 28 Mar 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat take calls from high-income listeners facing real financial crossroads—from deciding whether to return to work to navigating major portfolio and tax decisions. Along the way, they break down when a Roth conversion strategy makes sense, how taxes impact big financial decisions, and why timing and sequencing can have a long-term effect on wealth.

The conversation also covers portfolio risk, income needs, and how to approach leaving money to the next generation without overcomplicating the process. Scott and Pat explain how a well-thought-out Roth conversion strategy fits into a broader financial plan that balances flexibility, taxes, and long-term goals.

Download and rate our podcast here.

Smart Tax Strategies for High Net Worth Investors

Sat, 21 Mar 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat break down real-world tax strategies for high net worth investors dealing with multi-million dollar IRAs, brokerage accounts, and rising future tax liabilities. They walk through detailed listener cases—including a couple with over $18 million in assets trying to minimize RMD taxes, IRMAA surcharges, and legacy tax burdens—while sharing actionable tax strategies for high net worth investors.

Here’s what you’ll learn:

How to handle upcoming RMDs on multi-million dollar retirement accounts
Why Roth conversions may have limited impact at higher income levels
How gifting appreciated assets can reduce your taxable estate
When to use a donor-advised fund instead of giving cash
Why you should stop reinvesting dividends in taxable accounts
How tax-loss harvesting technology can improve portfolio efficiency
The importance of asset location (and how mistakes can cost you)
How to better prepare large portfolios for generational wealth transfer
Why AI can assist—but not replace—real financial advice

If you’re serious about optimizing your wealth, understanding the right tax strategies for high net worth investors can help you reduce taxes, protect your assets, and build a more efficient long-term plan.

Download and rate our podcast here.

Roth Conversion & Direct Indexing Strategies

Sat, 14 Mar 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat break down smart Roth conversion strategies for retirees who want to reduce lifetime taxes, manage future RMDs, and avoid costly bracket mistakes. A caller with $4+ million asks how much to convert each year — and whether moving IRA withdrawals into a brokerage account makes sense as part of a long-term Roth conversion plan.

They also discuss direct indexing, including how it works, whether low-cost providers are safe, and when direct indexing makes sense compared to backdoor Roth contributions.

Plus, a real client case study highlights asset location, ETF overconcentration, muni bond mistakes, and how coordinated Roth conversion and tax planning can potentially add six figures over time.

What You’ll Learn:

-How to structure a Roth conversion tax-efficiently

-When direct indexing makes sense — and when it doesn’t

-Why asset location matters more than most investors realize

-How to reduce future RMD and IRMAA surprises

-The hidden risks inside “diversified” ETF portfolios

Download and rate our podcast here.

Smart Tax Diversification & Roth Conversions

Sat, 07 Mar 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat unpack why tax diversification is one of the most overlooked strategies in retirement planning. From a 70-year-old investor with $3.6 million mostly in traditional IRAs to a 55-year-old looking to retire early and start Roth conversions, they explore how tax diversification can help reduce lifetime taxes and create flexibility in retirement income.

You’ll hear discussions about:

-When Roth conversions make sense — and which tax bracket to target

-How much cash and bond exposure you really need before retiring

-The realities of the 4% rule

-401(k) vs. brokerage — and where bonds and equities should actually live

-How diversification protects your lifestyle, not just your portfolio

Download and rate our podcast here.

Roth vs. 401(k), HSA Withdrawal Strategy & Pension Rollover Advice for $2M–$10M Portfolios

Sat, 28 Feb 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat walk through smart decisions around Roth vs. pre-tax savings, pension lump sums, and when it actually makes sense to use your HSA. They help a high-earning family think through life insurance gaps and special needs planning, guide a soon-to-be retiree through a $1 million pension decision, and revisit a multi-million-dollar couple debating whether to spend or preserve a large HSA. From tax diversification to retirement income strategy to how certain accounts are treated at death, this episode shows the difference between surface-level investing and true financial planning for $2M+ portfolios.

Download and rate our podcast here.

Big Financial Decisions: Pensions, Tax Strategy and Leaving Money to Heirs

Sat, 21 Feb 2026 06:00:00 -0700

Taxes can quietly shape some of the biggest financial decisions you’ll ever make — from choosing how to take a pension to deciding how to leave money to your heirs. On this week’s Money Matters, Scott and Pat take calls from listeners working through those exact issues. One caller is weighing a pension lump sum against monthly payments, and the tax consequences of that decision become central to the conversation. The guys also discuss how asset location affects tax efficiency, why different accounts are taxed differently, and how thoughtful planning can help reduce unnecessary taxes over time. They even explore ways to structure inheritances that protect beneficiaries while keeping taxes in mind.

Download and rate our podcast here.

A Common Tax Mistake Wealthy Investors Overlook

Sat, 14 Feb 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat take calls from high-net-worth listeners who uncover the same wealthy tax mistake, despite very different financial situations. From retirees with most of their money in IRAs to investors weighing Roth conversions and income strategies, the conversations show how easy it is to pay more in taxes than expected. They explain how this wealthy tax mistake often comes from tax-deferred concentration, why paying taxes from retirement accounts can shrink cash flow, and how poor timing can quietly turn into a long-term wealthy tax mistake. If you’ve built significant assets and want to protect your income and flexibility, this episode offers clear, practical insight.

Download and rate our podcast here.

When Roth Conversions Make Sense—and When They Don’t (Plus IRMAA Traps to Avoid)

Sat, 07 Feb 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat answer listener questions and explain when Roth conversions make sense, when they don’t, and how taxes, IRMAA Medicare surcharges, and market volatility can change retirement outcomes. They discuss strategic gifting to adult children, helping fund Roth IRAs, 401(k)s, and HSAs without killing motivation, and walk through a real call from a retired teacher debating whether converting his accounts is worth it. Along the way, Scott and Pat break down the math behind Roth conversions, explain how pensions and Social Security affect the results, and why paying conversion taxes from retirement accounts can wipe out the benefits. If you’re retired or nearing retirement and considering Roth conversions, this episode offers clear, practical guidance to avoid costly mistakes.

Download and rate our podcast here.

401(k) Roth Rule Change + Balancing Pensions and Roth IRAs

Sat, 31 Jan 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat break down a big shift for higher earners: the new 401(k) Roth rule that changes how catch-up contributions work. If you’re over 50 and earning a solid income, this could seriously affect your retirement plan.

They also cover smarter tax strategies and take listener calls. A recent retiree wonders if buying a rental property makes sense. Then, Scott and Pat help a man from Virginia with a textbook example of how to balance pensions, Roth IRAs, and tax diversification as retirement nears.

Whether you're saving, converting, or rethinking your retirement goals, this episode brings clarity, strategy, and a dose of straight talk.

Download and rate our podcast here.

Roth Conversions, Annuities, and Smart Tax Moves for Million-Dollar Portfolios

Sat, 24 Jan 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat talk to two millionaires at different financial stages — one caller with $8 million asking about Roth conversions and tax strategy, and another navigating retirement planning with a $1.4 million portfolio. Scott and Pat break down how Roth conversions can optimize long-term savings, where annuities fit into today’s market, and how both investors are managing wealth amid rising volatility. If you're exploring Roth conversions or simply looking to protect and grow your nest egg, this episode is packed with actionable advice.

Download and rate our podcast here.

Money Strategy, Roth Questions, Tax Brackets, and Solving a 35 Investment Account Mess

Sat, 17 Jan 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat talk with listeners about decisions around Roth conversions, tax brackets, gifting to kids, and when to start taking money from retirement accounts. One caller is trying to figure out how to simplify things after working with five different advisors. Another wants to use savings to travel without getting pushed into a higher tax bracket. Plus, Allworth’s Head of Wealth Planning, Victoria Bogner, joins the show to share a case where someone had 35 investment accounts—and how the team helped clean it up. It’s a good reminder that sometimes the best financial move is just getting organized.

Download and rate our podcast here.

$8 Million Decisions & Mom’s Nest Egg: Real Talk for High-Net-Worth Families

Sat, 10 Jan 2026 06:00:00 -0700

In this episode of Money Matters, Scott and Pat dive into real-world financial decisions faced by high-net-worth families. One caller seeks guidance on managing his 87-year-old mother’s $1 million nest egg, while another—with $8 million saved—is questioning whether a QLAC is necessary.

The $8 million decision opens the door to meaningful conversations around trust planning, emotional risk tolerance, and why simplicity often beats complexity—especially when family is involved. You’ll also hear insights on gifting strategies, changes to Social Security rules, and what to consider when planning for longevity.

Whether you're managing $1 million or $8 million, this is the kind of real talk every high-net-worth family should hear.

Download and rate our podcast here.

Roth IRA or 401(k)? Smart Moves for Investors with $1M+ Portfolios

Tue, 06 Jan 2026 13:25:25 -0700

In this episode of Money Matters, Scott and Pat tackle real-world financial planning questions from callers at very different life stages. One listener, with over a million dollars in assets, asks whether he should prioritize his 401(k) or a Roth IRA. The conversation dives into smart strategies for high-net-worth investors, addressing how to balance tax efficiency, retirement goals, and current lifestyle needs.

Scott and Pat also explain how financial planning helps clarify trade-offs between spending now and securing your future. Whether you're looking for smarter retirement contributions or long-term portfolio strategy, this episode delivers actionable advice with a conversational tone. Discover how financial planning evolves with your income, assets, and goals.

Download and rate our podcast here.

Tax-Savvy Income Strategies, Stock Gains Without Selling, and Insurance Insights

Sat, 27 Dec 2025 06:00:00 -0700

In this episode of Money Matters, Scott and Pat tackle real-world financial planning questions that could save you thousands. They cover key tax-savvy income strategies, help a caller decide whether to cash out a $350K whole life insurance policy, and clarify the confusing tax rules on after-tax IRA contributions.

You’ll also hear how one investor turned a concentrated stock position into $90K in annual income—without selling a single share. This smart use of covered calls shows how modern income strategies are evolving beyond traditional methods.

And yes, they weigh in on the latest hype around gold investing—and why it’s often a distraction from sound long-term planning.

If you’re thinking about insurance, taxes, or smarter ways to turn assets into income, this episode is packed with insight.

Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

Roth IRA Strategy, High-Net-Worth Moves, and Building Wealth with $6M+

Sat, 20 Dec 2025 06:00:00 -0700

What would you do with over $6 million? In this episode of Allworth’s Money Matters, Scott and Pat take a call from a couple in their early 60s with a net worth exceeding $6 million. The big question: should they use funds from their Roth IRA or brokerage account to cover a major expense? The conversation explores smart strategies for managing cash flow, deciding which accounts to draw from (Roth IRA vs. taxable), and why proactive tax planning is critical.

Plus, the guys break down the concept of defined contribution plans and when they make sense—especially for high earners weighing long-term tax benefits against immediate priorities like home purchases or lifestyle flexibility.

Finally, Allworth advisor Mark Shone joins to share expert portfolio strategies for navigating market volatility, from tax-loss harvesting to charitable giving with appreciated stock.

Download and rate our podcast here.

Making the Most of Roth Conversions, Donor-Advised Funds, and Bond Funds

Sat, 13 Dec 2025 06:00:00 -0700

In this episode of Money Matters, Scott and Pat explore three of the most underappreciated but powerful financial planning tools: Roth conversions, donor-advised funds, and bond funds. They break down when and how to use each of them—especially before year-end—to reduce taxes, improve portfolio efficiency, and boost long-term flexibility.

You’ll hear real stories from listeners making million-dollar decisions, like whether to hire a financial advisor, how to prepare your spouse to take over financial responsibilities, and how to structure your retirement income when you’re asset-rich but cash-flow light.

From strategic charitable giving to the surprising risks of individual bonds, this episode is packed with actionable insights. And if you think Roth conversions don’t apply to you… think again.

Download and rate our podcast here.

Financial Planning Strategies for Freedom, Flexibility, and Smarter Investing

Sat, 06 Dec 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a caller streamline her financial life by consolidating accounts — discussing key differences between IRAs and 401(k)s, asset protection considerations, and how annuities can fit into a broader financial planning strategy for long-term freedom.

Next, they talk with a caller navigating what to do with a $1 million 401(k) after a career transition. Scott and Pat break down the pros and cons of rolling funds into an IRA versus keeping them in an employer plan, with an eye on long-term tax flexibility, investment control, and strategic financial planning.

Finally, Allworth’s Head of Wealth Strategies, Victoria Bogner, joins the show to share powerful financial planning insights — including strategies for handling stock options, Roth conversions, tax-loss harvesting, donor-advised funds, and how business owners can better position themselves for lasting financial flexibility.

Download and rate our podcast here.

Selling Smart, Building Wealth: Business Exit Strategy, Tax Moves & Real-Life Financial Wins

Sat, 29 Nov 2025 06:00:00 -0700

In this packed episode of Money Matters, Scott and Pat talk with Simone Devenny, Allworth’s Head of Private Wealth Strategies, about smart planning before selling a business—covering tax-saving strategies, timing, emotional readiness, and more. Then, a caller shares how he sold his startup for $1.2 million, while another longtime educator seeks guidance on managing a $317,000 lump sum. Whether you're prepping for a sale or figuring out your next big financial step, this episode is full of practical advice to help you sharpen your business exit strategy, minimize taxes, and take control of your financial future.

Download and rate our podcast here.

High-Net-Worth Playbook: Portfolio Rebalancing, Executive Stock Strategies & Estate Planning Wins

Sat, 22 Nov 2025 06:00:00 -0700

In this value-packed episode of Allworth’s Money Matters, Scott and Pat unpack key financial strategies for high-net-worth investors navigating today’s markets. From the overlooked need for regular portfolio rebalancing to smart planning for concentrated executive stock, they break down real-world scenarios with millions at stake.

You'll hear a listener case involving $7M in assets, HSA withdrawal tactics, and 529 planning for seven grandkids—all through the lens of tax-smart wealth transfer. Plus, expert insights from Allworth’s Head of Wealth Planning, Victoria Bogner, on avoiding massive tax traps with RSUs, ISOs, and stock options.

Download and rate our podcast here.

Managing Millions: Helping Your Kids Financially and Using Charitable Trusts to Boost Retirement

Sat, 15 Nov 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat take a call from a listener sitting on a $9 million nest egg—$4.5 million in a taxable account, $3 million in Roth, and $1.6 million in a traditional IRA. He doesn’t need more growth, he’s not worried about his own retirement, and now he’s asking: Should we start helping the kids financially now, or wait? The twist? His kids don’t want the money—and he doesn’t want to mess up their independence. It’s a real-world conversation about smart gifting, capital gains strategy, and how to share your wealth without regret.

Then, a 62-year-old federal employee calls in with over $1 million in her federal retirement account, a pension on the way, and rental income—but she’s also stuck with a 7% mortgage on one of her properties. Scott and Pat explore whether she should draw from her savings, start Social Security, or consider a charitable remainder trust to maximize income and minimize taxes.

Download and rate our podcast here.

The Magnificent Seven’s Market Risk, Early Retirement Planning, Roth vs. 401(k), and Portfolio Strategy

Sat, 08 Nov 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat open the show with a look at the Magnificent Seven stocks. Is this tech dominance a warning sign or just the new market normal? They unpack what this concentration means for index investors and why historical perspective matters.

Next, they take a call from a 56-year-old tech professional navigating a surprise layoff and considering early retirement. With over $2M in assets and plans to relocate, they walk through whether he can afford to stop working—or if some part-time income is essential. It’s a timely breakdown of early retirement math, real estate moves, and RSU liquidation strategy.

The episode wraps with two strong planning discussions: a state employee navigating Roth vs. traditional 401(k)/457 contributions, and a retiree using a "bucket strategy" who wants feedback on portfolio structure. Scott and Pat debate risk tolerance, rebalancing, and why flexibility is key in retirement income planning.

If you're exploring early retirement, weighing Roth contributions, or fine-tuning your investment drawdown plan—this episode is packed with actionable insights.

Download and rate our podcast here.

Self-Insuring for Long-Term Care, Rebalancing Inherited Portfolios, and Smarter Wealth Moves

Sat, 01 Nov 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat tackle three critical financial planning decisions for high-net-worth investors. First, they break down whether it’s better to self-insure for long-term care or rely on costly, often restrictive hybrid policies. Next, they explain how to rebalance an inherited portfolio, especially when legacy holdings no longer align with your goals or risk tolerance. Then, they dive into how to finance a vacation home wisely—weighing the risks of portfolio loans, capital gains exposure, and over-leveraging in retirement.

You’ll also hear a sharp analysis of gold’s recent surge—and why emotional investing often backfires.

Packed with real-life caller scenarios and expert financial guidance, this episode is a must for anyone focused on smart wealth management, legacy planning, and minimizing risk.

Download and rate our podcast here.

AI Boom or Bubble, Estate Planning Trouble, and the 6% Return Myth

Sat, 25 Oct 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat ask the trillion-dollar question: Is AI investing the next dot-com bubble or a real economic shift? They revisit the 1999 tech mania to help make sense of today’s AI investing hype—and how to avoid repeating history.

They also tackle real-world questions around estate planning, including managing finances for a 97-year-old parent, family trust tensions, and how to avoid costly mistakes. Plus, the truth behind those “safe” 6% return promises—and what they really mean for your money.

Whether you're curious about AI investing, revisiting your estate plan, or just trying to separate fact from fiction in today’s market, Scott and Pat bring clarity, humor, and decades of experience. Don't miss their take on the future of AI investing—and what to watch for next.

Download and rate our podcast here.

Mastering Your 401(k), IRA, and Retirement Taxes: Real Calls, Real Advice, Real Results

Sat, 18 Oct 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat answer real listener questions about how to make the most of your 401(k) — from handling tithes and required minimum distributions to maximizing Roth conversions and managing multimillion-dollar retirement portfolios.

You’ll hear stories from callers navigating retirement income, tax-efficient giving, and long-term wealth transfer — including a follow-up from a listener managing $5 million across IRAs and 401(k) accounts while planning for inheritance and charitable impact.

With candid insights and practical advice, Scott and Pat explain how smart 401(k) and IRA strategies can help you reduce taxes, simplify withdrawals, and strengthen your financial legacy — all delivered with the straightforward, relatable style that defines Money Matters.

Download and rate our podcast here.

Is Your Financial Plan Built to Last? Stress Testing Portfolios, Roth Conversions, and Real-Life Retirement Decisions

Sat, 11 Oct 2025 06:00:00 -0700

Markets look strong—but are they too perfect? On this week’s Money Matters, Scott and Pat explore how to stress test your financial plan so it can hold up in the real world. They take a call from a 63-year-old retiree with a $6 million portfolio who’s rethinking his Roth conversions and Social Security timing, then talk with a 47-year-old state employee balancing burnout, real estate, and early retirement goals. Finally, Allworth’s Head of Wealth Planning, Victoria Bogner, joins to explain how taxes, Medicare, and market strategy all connect inside a resilient financial plan. If you’ve ever wondered whether your financial plan could weather a true market test, this episode delivers clarity, humor, and timeless perspective.

Download and rate our podcast here.

Tax Strategy, Life Insurance Mistakes, and Smart Investment Placement

Sat, 04 Oct 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat break down just how complex the tax system has become—and why staying ahead of the changes matters more than ever. You’ll hear from one caller trying to track down the value of old savings certificates from the 1980s, another wrestling with how to allocate investments for better tax efficiency, and a listener who made major changes after Scott and Pat helped him realize the true cost of a Variable Universal Life (VUL) insurance plan. If you’ve ever wondered whether your tax strategy is working for you—or against you—this one’s for you.

Download and rate our podcast here.

AI Hype, the 4% Withdrawal Rule, and Real-Life Retirement Questions

Sat, 27 Sep 2025 06:00:00 -0700

Is the AI boom driving markets too far, too fast? On this week’s Money Matters, Scott and Pat debate whether stock prices can keep up with earnings—or if investors should brace for a correction. Then, they tackle the 4% retirement withdrawal rule, explaining its history, its flaws, and how real retirees actually spend. Listener calls bring the conversation to life, with questions on 401(k) rollovers, 403(b) vs. 457 plans, and the latest Social Security changes. Finally, Scott and Pat share candid insights on why so many savers struggle to spend in retirement—and how to strike a healthy balance. Whether you’re curious about AI hype, the realities of the retirement withdrawal rule, or just want straight answers to financial questions, this episode has you covered.

Download and rate our podcast here.

BONUS EPISODE: Roth Conversions, Financial Advisors You Can Trust, and Portfolio Risk Management

Wed, 24 Sep 2025 06:00:00 -0700

Roth conversions can save you thousands in taxes — but only if you know when and how to use them. On this BONUS EPISODE of Money Matters, Scott and Pat take listener calls that reveal the importance of strategy, trust, and risk management in retirement planning.

They begin with a caller asking about complicated yield notes, sparking a discussion on portfolio risk management and why trusting the right financial advisor matters more than chasing products.

Next, another listener wants to understand Roth conversions and Social Security timing — and Scott and Pat explain when Roth conversions make the most sense for long-term tax efficiency.

Finally, a retired couple checks back in to share how they handled market volatility after following Scott and Pat’s advice. Their story shows why portfolio risk management isn’t just about protecting money — it’s about protecting peace of mind.

Download and rate our podcast here.

Tax-Efficient Investing, Retirement Choices, and Market Shifts

Sat, 20 Sep 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat dive into market shifts—tariffs, AI-driven productivity, and surprising earnings—and explain why chasing predictions fails while fundamentals like tax-efficient investing deliver results.

Next, a caller shares his career-change dilemma: should he leave a higher-paying job for a teaching role with a pension? Scott and Pat weigh in on how retirement savings, insurance coverage, and college funding fit into the bigger picture.

Later, another caller with a $9 million stock portfolio reveals his struggle with taxes from heavy dividend income. This leads to a deep dive into tax-efficient investing, where Scott, Pat, and Allworth’s Head of Wealth Planning, Victoria Bogner, break down strategies like gifting stock, using net unrealized appreciation (NUA), and leveraging direct indexing for smarter portfolio management.

The episode closes with actionable insights to help you apply tax-efficient investing in your own financial plan—so you can keep more of what you’ve worked hard to build.

Download and rate our podcast here.

Choosing the Right Financial Advisor: Retirement, Social Security, and Your Family’s Future

Sat, 13 Sep 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat dive deep into what truly makes a great financial advisor—and why empathy and guidance matter as much as investment strategies. They share real-life stories that highlight how a trusted financial advisor can help families navigate some of life’s toughest moments: illness, unexpected retirement, losing a spouse, and planning for Social Security. From a caller facing a terminal cancer diagnosis to another couple debating whether to pay off their mortgage early, Scott and Pat explore the practical—and emotional—side of retirement and estate planning. Listeners will learn why selecting the right financial advisor isn’t just about numbers, but about having a partner who understands the human side of money.

Download and rate our podcast here.

Capitalism, Roth Strategies, Tax-Efficient Giving, and Retirement Peace of Mind

Sat, 06 Sep 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat dive deep into the power of capitalism, why activist investors keep markets healthy, and what we can learn from China’s struggles with electric vehicles and housing. Then listeners call in with real financial challenges—ranging from Roth conversions inside a 401(k), to balancing pre-tax vs. Roth contributions, to donor-advised funds for tax-smart charitable giving. You’ll also hear practical guidance on managing too much cash in retirement accounts, navigating pensions vs. lump sums, and aligning financial decisions with your life goals.

Download and rate our podcast here.

Taxes, Direct Indexing in Real Life, and Pensions: Smarter Strategies for Retirement Wealth

Sat, 30 Aug 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain how direct index investing can be used as a powerful tax strategy, helping you reduce liabilities while gaining more flexibility than traditional index funds. They also take listener calls on pension decisions, including whether to choose a lump sum or annuity, and how required minimum distributions factor into long-term planning. With real-world stories and clear guidance, Scott and Pat show why the right approach to tax planning and direct index investing can protect your retirement income and grow wealth for decades to come.

Download and rate our podcast here.

Taxes, Direct Indexing, and Concentrated Stock Diversification Strategies for Smarter Wealth Planning

Sat, 23 Aug 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat dig into market performance, tariffs, AI, interest rates, and long-term planning. At the heart of the episode are three essential topics: taxes, direct indexing, and concentrated stock diversification strategies.

They help a young family balance life insurance with retirement savings, guide a retiree facing a heavy dividend tax bill, and show why smart planning matters at every stage. Along the way, they reveal how taxes can quietly erode wealth, why direct indexing creates new opportunities for tax-efficient investing, and how concentrated stock diversification strategies protect those holding too much company stock.

Whether you’re building wealth, preparing for retirement, or simply trying to minimize taxes, this episode blends practical advice with advanced insights to help you secure your financial future.

Download and rate our podcast here.

Smart Retirement Planning Strategies: Roth Conversions, Social Security Timing, and Income Gaps Explained

Sat, 16 Aug 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat answer real-life questions about retirement planning strategies that every pre-retiree should hear. One caller asks whether it’s better to build a cash bridge or continue Roth IRA contributions ahead of retirement—prompting a thoughtful breakdown of retirement planning strategies around income gaps, Social Security timing, and tax-smart withdrawals. You’ll also hear about the role Roth conversions can play between retirement and age 70, how pensions and spousal benefits factor into planning, and why detailed income modeling is key. Scott and Pat also touch on risks tied to high-yield municipal bonds and illiquid assets, offering a broader context for smart portfolio construction. If you're planning to retire in the next few years, this episode delivers essential, real-world retirement planning strategies that can help you retire with clarity and confidence.

Download and rate our podcast here.

Bitcoin Business Pivots, Millionaire Anxiety, New 529 Rules, and Insurance Pitfalls

Sat, 09 Aug 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explore one of the summer’s hottest—and most questionable—investment trends: small companies pivoting to crypto. Is this strategy bold innovation or a looming disaster? Later, they take compelling listener calls, including one from a government employee with millions saved who’s still worried about the sequence of returns in retirement. Plus, they unpack indexed universal life insurance (IULs) and other so-called “tax-free” strategies—what’s hype, what’s real, and what to avoid.

Download and rate our podcast here.

Estate Planning, Investment Strategies & Retirement Timing: Your Money Questions Answered

Sat, 02 Aug 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat break down headlines shaping your money—from housing gridlock and interest rate anxiety to the risks of letting politics guide your investments. A fiery caller sparks a raw debate on using options, leading to honest talk on risk, returns, and financial reality. Scott and Pat also cover AI in financial advice, smart tax strategies for business owners, and when a simple trust is all you need. Plus, real listener questions on Social Security timing and estate planning—drama included (just a little).

Download and rate our podcast here.

Millionaires and Roth Conversions, Midlife Money Moves, and Private 401(k) Investments

Sat, 26 Jul 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat tackle real-life financial questions from listeners across the country. From a 74-year-old millionaire navigating Roth conversions and legacy planning, to a military retiree wondering if he’s behind financially—this episode covers the full spectrum of money challenges. Plus, insights on private investments sneaking into 401(k)s and the financial upside of flying business class. Honest, helpful, and always practical.

Download and rate our podcast here.

Values-Based Investing, Retirement Risks, and the $10 Million Exit Strategy

Sat, 19 Jul 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat look into “anti-woke” investment funds and explain why creating your own index might be smarter than following the crowd. They tackle one investor’s dilemma about using Securities-Backed Line of Credit for buying a home at 66, explore the surprising benefits of reverse mortgage purchases, and help a woman from Florida navigate the financial maze of buying property with her fiancé. They also talk to financial expert, Victoria Bogner, who shares a masterclass in business sale strategy.

Download and rate our podcast here.

Early Career Savings, Midlife Maximization, and the Impact of Tariffs

Sat, 12 Jul 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat dissect the Big Beautiful Bill’s hidden surprises and spending concerns. They help uncover retirement savings strategies for a family with over a million in combined assets, explore the real winners and losers of the tariff policies, and offer sage advice to a fresh college grad navigating their first full-time salary. From lobbying power plays to Roth IRAs, this episode delivers practical insights for investing in today’s market—at any stage of your career.

Download and rate our podcast here.

Bitcoin at 60? Bold Moves, Roth Rules, and the Wild World of ETFs

Sat, 05 Jul 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat tackle a range of topics, from a wild retirement strategy involving Bitcoin to the often-misunderstood five-year Roth IRA rule. They also dive into the explosion of Exchange-Traded Funds (ETFs), the downside of complicated income products, and a heartwarming yet hilarious look into redecorating empty-nest bedrooms. With over three million downloads, we thank our dedicated listeners—especially those who keep us humble and laughing!

Download and rate our podcast here.

Tariffs, Scams & Smart Diversification: How to Stay Financially Sharp

Sat, 28 Jun 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat are joined by Apollo Lupescu from Dimensional Fund Advisors to unpack the real-world impact of tariffs and how they influence everything from maple syrup prices to stock market behavior. They also unpack a Wall Street Journal story about U.S. investors getting scammed by sketchy Chinese stocks. Plus, listener Tina returns with a powerful update: how she used Scott and Pat’s advice to offload risky company stock, lower her taxes, and give back in a big way.

Download and rate our podcast here.

Rethinking Retirement, Maximizing Wealth, and Avoiding Costly Financial Mistakes

Sat, 21 Jun 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat kick things off with a provocative question: “Why work?” They unpack how retirement is shifting—from something we escape to something we choose. Then, they help a caller sort through a high-income life, business ventures, and costly financial products. You’ll hear smart takes on 529 plans, when to fire your advisor, and how to build real wealth without falling for fee-heavy traps. Plus, simple advice on estate planning, powers of attorney, and making sense of annuities.

Download and rate our podcast here.

Bear Market Blunders, Long-Term Care Decisions, and How AI Could Reshape Your Financial Future

Sat, 14 Jun 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat break down why the recent bear market recovery was unusually fast—and what that means for investors—while exploring how AI is reshaping how individuals plan and invest. They also highlight the risks of being overly concentrated in employer stock and take real-life listener calls on long-term care insurance, real estate strategy, and achieving financial independence through alternative lifestyles. It’s a well-rounded discussion packed with practical advice on rebalancing, tax strategy, and making smart money decisions in uncertain times.

Download and rate our podcast here.

Gold Hype, Insurance Myths & Tax-Smart Moves for Retirement

Sat, 07 Jun 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat tackle some hot financial topics—starting with the gold rush (yes, even Costco’s in on it). They break down what gold can and can’t do for your portfolio. Then it’s life insurance: if you’ve got an old whole life policy, is it still worth it, or should you cash it in and reinvest? They also help listeners navigate tricky tax planning moves, like tracking after-tax IRA contributions and understanding required minimum distributions (RMDs). Later, Victoria Bogner, Allworth’s Head of Wealth Planning, shares how one client used a covered call strategy to generate $90,000 a year—without selling a single share of stock.

Download and rate our podcast here.

Bonds, Private Credit, Volatile Markets, Retirement Tips, and a Powerful Comeback Story

Sat, 31 May 2025 06:00:00 -0700

On this week's Money Matters, Scott and Pat explore the evolution of fixed income investing—from traditional bonds to the rapidly expanding world of private credit—and what it means for your portfolio. They also offer practical advice on weathering market volatility in retirement and share a powerful conversation with a listener who’s rebuilding his financial life after 20 years of incarceration. It’s a compelling mix of market insights, real-life challenges, and practical strategies to help you secure your financial future.

Download and rate our podcast here.

401(k) Catch-Up Contributions, Inherited IRA Rules, Annuity Strategies, and Roth Conversion Tips

Sat, 24 May 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat examine the implications of new rules for 401(k) catch-up contributions and discuss whether they really benefit the average person. Plus, they help callers navigate the complexities of fixed index annuities and inherited IRAs and explain why understanding these financial products is crucial. Allworth advisor Laurie Ingwersen joins the show to explain how a Roth conversion strategy can lessen a big tax burden. Finally, Scott and Pat share real-life stories and offer insights into maximizing your retirement savings while steering clear of potential pitfalls.

Download and rate our podcast here.

Trustee Mistakes, Real Estate Math, Crypto Moves, and Tax-Savvy Giving

Sat, 17 May 2025 06:00:00 -0700

On this week's Money Matters, Scott and Pat dive into one of the most overlooked decisions in estate planning - choosing the right trustee. They break it down with real-life stories that show just how much the wrong choice can stir up family drama or even land you in legal trouble.

They also take live calls from listeners with real money questions - everything from keeping up with 401(k) contributions to making smart real estate moves. As always, Scott and Pat bring their no-nonsense advice to help people make confident, informed choices.

And if market ups and downs have you on edge, they’ve got you covered there too. Hear their thoughts on how to stay steady during volatility, use tax loss harvesting to your advantage, and even turn charitable giving into a smart tax strategy.

Download and rate our podcast here.

April Market Swings, Real-Life Financial Questions Answered, and Investing with Purpose

Sat, 10 May 2025 09:11:31 -0700

On this week's Money Matters, Scott and Pat break down April's market shifts, explaining how volatility impacted portfolios and why long-term strategies were crucial. Plus, they explore how investors can align their financial decisions with their personal values. Finally, Scott and Pat answer listener questions, covering topics like optimizing life insurance and strategies for converting retirement accounts to Roth IRAs.

Download and rate our podcast here.

Tax-Loss Harvesting, Smart Business Sale Planning, Direct Indexing, and Lump-Sum Strategies

Sat, 03 May 2025 06:00:00 -0700

On this week's Money Matters, Scott and Pat explore the benefits of tax-loss harvesting during volatile markets. Then, they’re joined by Simone Devenny, Head of Private Wealth Strategies at Allworth, to dive into key financial strategies for entrepreneurs and business owners, including tax optimization, estate planning, and succession strategies. Finally, they answer listener questions on topics like lump-sum payments, Direct Indexing, and how to manage tax-deferred savings.

Download and rate our podcast here.

A Couple’s Investment Dispute, Market Risks from AI and Politics, and the Caller Who Wants to Retire Early

Fri, 25 Apr 2025 05:00:00 -0700

On this week's Money Matters, Scott and Pat explore how political forces are swaying the markets, plus the growing role of AI in shaping financial decisions. Next, they mediate a financial disagreement between a couple wondering if they should move long-term assets into cash. Finally, they check back in with a listener who wanted to know if he and his wife could retire early enough to truly enjoy their golden years. Find out what Scott and Pat advised—and whether he followed through.

Download and rate our podcast here.

Avoiding Pension Mistakes, Finding Lost Retirement Money, and SPAC Investment Dangers

Sat, 19 Apr 2025 06:00:00 -0700

On this week's Money Matters, Scott and Pat take a deep dive into special purpose acquisition companies (SPACs) - exploring their meteoric rise, sharp decline, and the potential risks and rewards for investors. Plus, they field questions from listeners about pension decisions, lump sum options, and how to adapt investment strategies to today’s market conditions. Finally, they emphasize the value of personalized financial planning, covering key topics like tax strategies and Roth conversions to help secure your long-term retirement goals.

Download and rate our podcast here.

Volatility, Opportunity, and Strategy: Guiding Investors Through Uncertainty

Sat, 12 Apr 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Victoria Bogner, Allworth's Head of Wealth Planning, break down the current market volatility and its implications for investors. They explore the rise of algorithmic trading, the unpredictability of today’s markets, and how to maintain a long-term investment strategy when short-term turbulence strikes. Victoria shares actionable insights on seizing opportunities during downturns, like Roth conversions and tax-loss harvesting as smart tactics for proactive investors. Scott and Victoria also unpack what’s happening in bonds and equities, why buffered ETFs matter right now, and how political and technological forces are shaping the economic landscape.

Join Money Matters: Get your most pressing financial questions answered by Allworth's CEOs Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

Tariffs and Your Portfolio, Unwinding Concentrated Stock, and Knowing When You Can Retire

Sat, 05 Apr 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat address concerns about the impact of tariffs on the stock market and offer advice on staying calm. Then, Allworth advisor Mark Shone joins the show to discuss strategies for investors with too much money concentrated in one or a few stocks. Finally, a Georgia sheriff finds out whether he’ll have enough money to hang up his badge and retire at 58.

Download and rate our podcast here.

Managing Inheritances, RMD & Roth Conversion Strategies, and Small Financial Adjustments for Big Future Gains

Sat, 29 Mar 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat provide valuable advice for those dealing with unexpected inheritances, including strategies for managing and investing these funds wisely while balancing personal enjoyment and future planning. They also delve into the complexities of Required Minimum Distributions (RMDs) and the importance of considering Roth conversions to optimize tax outcomes. Finally, they emphasize the importance of dynamic financial planning, using case studies to illustrate how even small adjustments can significantly impact one’s financial future.

Download and rate our podcast here.

Navigating Uncertain Markets, Direct Indexing, Tax-Loss Harvesting, & Roth Conversions

Sat, 22 Mar 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat examine the complexities of financial planning during uncertain market conditions. Then, they take calls about direct indexing, explaining the potential benefits and downsides to help you decide if it's the right choice for your portfolio. Plus, they offer guidance on the timing of Social Security withdrawals, tax-loss harvesting for bonds, and the strategic use of Roth conversions, to ensure you make the most of your retirement savings.

Download and rate our podcast here.

A Lake House Investment Dilemma, a College Savings Oversight, and a Complex Estate Planning Journey

Sat, 15 Mar 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat guide a multi-millionaire through the decision of whether a lake house makes sense as an investment. They also help a father navigate the potential overfunding of a college savings plan. Plus, Victoria Bogner, Allworth's Head of Wealth Planning, joins the show to discuss why having the right estate plan is critical, especially for those in second marriages. She shares creative strategies to prevent unintentional disinheritance, ensure assets are properly allocated, and maximize investment potential.

Download and rate our podcast here.

Tariffs and Inflation on Investments, Smart Real Estate Moves, and Roth Strategies

Sat, 08 Mar 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat break down the latest global market dynamics - tariffs, inflation, and their impact on your investments. Then, they dive into real estate strategies, capital gains taxes, and how smart investors can minimize tax liabilities. Plus, a caller shares their rental property experience, leading to an insightful discussion on portfolio optimization, Roth conversions, and securing your financial future in uncertain times.

Download and rate our podcast here.

SPECIAL EPISODE: Market Volatility Update - What Investors Need to Know Now

Fri, 07 Mar 2025 17:59:10 -0700

On this SPECIAL EPISODE of Money Matters, Scott sits down with Allworth’s Chief Investment Officer Andy Stout to break down the latest market volatility. They explain what’s driving the turbulence, how it could impact your investments, and the smart moves to consider right now.

Download and rate our podcast here.

Bearish Market Sentiment, Life Insurance with LTC Benefits, and Smart Tax Moves for the Wealthy

Sat, 01 Mar 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss recent reports of increased bearish sentiment in the market, reaching levels not seen in over a year. Then, they break down the complexities of life insurance policies with long-term care benefits. Are they worth the investment or are there better options? Later, they speak with Suzanne Conrad, Allworth's Director of Tax Solutions, who shares practical tax strategies for high-net-worth individuals looking to optimize their wealth.

Download and rate our podcast here.

The impact of politics and taxes on your IRA and 401(k), why wealth goes beyond money, and the 4 pillars of a successful financial life.

Sat, 22 Feb 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat address common fears about IRAs and 401(k)s amidst the changing political landscape. They also discuss the impact of tariffs on the economy and guide an investor through what they believe are the four pillars of a fulfilling life. Finally, they help a caller navigate her options for where to live now that her husband is in assisted living.

Download and rate our podcast here.

Tax-efficient investing, smart pension decisions, direct indexing strategies, and costly financial mistakes.

Sat, 15 Feb 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how strategic investing, guided by historical lessons, can help you master your financial decisions. Then, they take calls from listeners seeking advice on optimizing savings and investment plans. Scott and Pat share their expertise on managing large sums of money, such as deciding between annuitizing or taking a lump sum from pension plans. Plus, they discuss the potential pitfalls of certain financial products, like fixed index annuities, while highlighting strategies like direct indexing for more tax-efficient investing.

Download and rate our podcast here.

Tariffs and investing, 401(k) & 457 plans, smart rollover tax strategies, and insurance protection.

Sat, 08 Feb 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explore how tariffs and political shifts impact investing and the importance of having a long-term strategy. Then, they break down ERISA, 401(k), and 457 plans, and talk about when it makes sense to roll over your money into an IRA. Plus, they discuss advanced financial planning strategies, including balancing retirement savings with other long-term goals, and making sure you have the right insurance to protect your wealth.

Download and rate our podcast here.

401(k) catch-up contributions, inherited IRAs, annuity tricks, and a Roth conversion strategy.

Sat, 01 Feb 2025 06:00:00 -0700

Download and rate our podcast here.

IRS rules that complicate generosity, how to extend retirement savings, the cost of improper tax planning, and more.

Sat, 25 Jan 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss whether the stock market is overpriced. Then, they address real-life questions from listeners, including a unique case where tax rules complicate a generous gesture from an 11-year-old wishing to donate her livestock show earnings to a community cause. They also delve into the benefits of waiting until age 70 to claim Social Security and explore the impact of legislative risks on retirement planning. Finally, they help a small business owner understand why he should be making quarterly tax payments.

Download and rate our podcast here.

Maximizing retirement income, exploring Roth conversions, the lure of Bitcoin, and the explosion of exchange-traded funds.

Sat, 18 Jan 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat address common concerns surrounding retirement investments, discussing diversification strategies and the risks of investing too heavily in volatile assets like Bitcoin. Plus, they engage listeners in conversations regarding the complexities of financial products such as annuities and variable contracts. Finally, Allworth's Director of Client Experience, Victoria Bogner, shares a case illustrating the importance of understanding financial agreements, showing how one individual dramatically maximized her benefits through careful reading and strategic planning.

Download and rate our podcast here.

2025 stock myths, tax hacks, crash fears, and retirement strategies.

Sat, 11 Jan 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explore the importance of understanding market cycles, making smart allocation decisions, and avoiding the pitfalls of short-term market predictions. They also answer listener questions about Social Security timing, managing multiple investment accounts, and navigating annuities. Plus, they delve into the emotional side of investing and share insights on effective financial planning for complex situations, including second marriages.

Download and rate our podcast here.

The growing complexity of investing, Roth conversion and IRA questions, and understanding investment returns vs. investor returns.

Sat, 04 Jan 2025 06:00:00 -0700

On this week’s Money Matters, Scott and Pat delve into essential financial discussions to kickstart your new year. They cover a range of topics, including the complexities of investment products and how technology has reshaped tax efficiency. They also look into the workings of cash sweep programs and the importance of financial transparency. Plus, they speak with listeners seeking advice on managing considerable retirement funds and balancing tax strategies effectively. Whether you're considering Roth conversions or grappling with investment strategies, Scott and Pat offer expert guidance tailored for today's dynamic financial landscape.

Download and rate our podcast here.

The four pillars of retirement, an examination of the backdoor Roth IRA, and are stocks overvalued?

Sat, 28 Dec 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat interact with callers seeking advice on everything from pension plans to Roth IRAs. Plus, they have engaging discussions on balancing work-life plans, understanding the importance of financial education, and maximizing your savings. Discover the four pillars of Allworth's Art of Retirement and see how it can shape your journey towards a fulfilling and worry-free retirement.

Download and rate our podcast here.

Roth conversions, tariff talk, diversification strategies, and Scott and Pat’s favorite call of the year.

Sat, 21 Dec 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explore the intricacies of Roth conversions, especially beneficial for those retired with lower spendable taxable income in current years. They provide insights into when and how to make these conversions work in your favor.

They also answer listener questions about portfolio diversification in light of market uncertainties and potential tariff implications from political changes, providing practical advice on securing your financial future amid varying economic conditions.

Finally, they check back in with a listener who wanted to know back in April whether she had too much stock in a single company. Hear whether she took their advice and listen to why Scott and Pat said it was their favorite call of the year.

Download and rate our podcast here.

Family dynamics, inheritance, life insurance needs, 401(k) updates, and debanking.

Sat, 14 Dec 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how to navigate complex financial situations, such as helping family members with home purchases and understanding the intricacies of estate planning. Then, they address the importance of sufficient life insurance coverage to secure your family's future in unforeseen circumstances. Plus, they cover strategies for buying a new home without first selling your current one, ensuring you're not over-leveraged and prepared for market shifts.

Download and rate our podcast here.

A complex pension question, confusing life insurance products, estate planning insights, and wealth strategies.

Sat, 07 Dec 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help callers with crucial financial decisions. They dive deep into the complicated choice between taking a pension as a lump sum or as monthly income. They provide valuable tips on managing vacant property in disrepair and whether to sell or renovate. They discuss the intricacies of Indexed Universal Life Insurance and why it may not be the best choice for tax savings. Plus, they cover estate planning and step-up in basis, offering listeners comprehensive strategies for efficient wealth management.

With insightful discussions on retirement strategies, annuities, and pension plans, Scott and Pat offer practical advice to navigate these significant financial crossroads. Don't miss this informative session as they debunk myths, provide clarity, and guide you towards financially sound decisions.

Download and rate our podcast here.

The risk of overlooking beneficiaries, a question about a Roth conversion, a caller who wants to retire in the next decade, and a tax strategy that many workers aren’t aware of.

Sat, 30 Nov 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the critical importance of making sure your beneficiaries are up to date. An Arizona caller with $950,000 in a traditional IRA asks whether he should do a Roth conversion. A 51-year old wants to know whether he has enough assets to retire within 10 years. A Nevada man wonders whether increasing his bond allocation will protect him when it comes time to do required minimum distributions. Finally, Allworth advisor Laurie Ingwersen joins the show to explain a tax strategy she used with a client that many workers don’t know is available.

Download and rate our podcast here.

Nuances of HSAs, managing pensions and Social Security, and tax planning for high-income earners.

Sat, 23 Nov 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat explore the intricacies of Health Savings Accounts (HSAs) and their value as a financial tool. They tackle listener questions, including one about ensuring financial stability for a younger spouse and another on optimizing Social Security benefits for long-term security. Later, in a lively discussion with Allworth's Director of Client Experience, Victoria Bogner, they examine the potential impact of political changes on tax policies, interest rates, and Social Security. They also discuss how tariffs and trade disputes impact the economy and highlight the importance of tax planning for high-income earners.

Download and rate our podcast here.

Allworth's Money Matters Podcast Trailer

Mon, 18 Nov 2024 15:06:59 -0700

Money Matters, a weekly call-in talk radio program and podcast, is one of the longest running financial talk radio shows in the country. In their over 25 years on the air, Scott Hanson and Pat McClain have answered questions from thousands of callers on a variety of financial topics.

Exploring speculative investments, key financial advice for listeners, and unpacking commercial real estate risks.

Sat, 16 Nov 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat dive into the dynamic world of speculative investments, including the volatile nature of Bitcoin and Tesla stocks. Then, they engage with callers to address pressing financial concerns, from managing mortgages and retirement planning to making informed decisions about real estate investments. Plus, they discuss the implications of interest rates, the potential pitfalls of commercial real estate, and the importance of diversification for long-term financial stability.

Download and rate our podcast here.

The election and the stock market, investment strategies for retirement, and do you have enough money to stop working?

Sat, 09 Nov 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat provide insights into the market's reaction post-election and discuss the impact of economic policies on corporate profits and investor sentiment. Then, they tackle listener questions, including a man contemplating selling a cell tower lease and another caller assessing their readiness for retirement. Plus, they discuss the Federal Reserve's recent interest rate cut and its implications for the broader economy. Finally, enjoy a lighter moment as Scott shares his experience in a self-driving car, highlighting the ever-evolving landscape of technology and transportation.

Download and rate our podcast here.

Managing financial decisions in uncertain times, leveraging a paid-off home, and when NOT to worry about money.

Sat, 02 Nov 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the complexities of making financial decisions in unpredictable times, particularly with the backdrop of upcoming elections and market volatility. Plus, they share insights on the importance of having a financial advisor, reflecting on an article about a retirement expert who made financial mistakes despite her expertise. Finally, Scott and Pat guide callers facing unique financial dilemmas. From decisions about selling a home to addressing fears about retirement savings, Scott and Pat offer practical advice tailored to individual circumstances.

Download and rate our podcast here.

Navigating direct indexing, Roth conversions, real estate, and AI concerns.

Sat, 26 Oct 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the recent lawsuit against AI startup Perplexity by the New York Post, drawing parallels to the Napster controversy from two decades ago. They explore the implications of AI on copyright laws and the risks associated with AI companies' business models.

In response to listener calls from Florida, Tennessee, and California, Scott and Pat offer guidance on real estate investments, including the pros and cons of direct indexing and the complexities of managing multiple properties. They also delve into the benefits and timing of Roth IRA conversions, emphasizing the importance of personalized financial planning.

Whether you're curious about the financial world or need specific advice on your financial situation, this episode is packed with actionable insights and engaging discussions.

Download and rate our podcast here.

Money Matters: Tax efficient investing strategies and maximizing portfolio growth.

Sat, 19 Oct 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the psychology of financial decision-making and explore why some individuals struggle with saving while others are hesitant to invest. They also delve into a fascinating client story with Allworth advisor Laurie Ingwersen, highlighting the importance of strategic planning in managing substantial capital gains and estate simplification.

Listeners will gain valuable insights into the benefits of donor-advised funds for tax-efficient charitable giving and learn about innovative wealth strategies for modern investors. With expert advice on navigating market volatility, maximizing growth potential, and optimizing tax efficiency, this episode is a must-listen for anyone seeking to enhance their financial well-being.

Download and rate our podcast here.

Money Matters: Navigating financial decisions amidst market uncertainty.

Sat, 12 Oct 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat delve into the dynamics of the real estate market in Nashville and the broader implications of rising property costs in popular cities. The conversation also touches on the complexities of paying for college education, offering strategies for effectively managing 529 plans, brokerage accounts, and student loans.

Additionally, special guest Apollo Lupescu from Dimensional Fund Advisors joins the discussion, providing a comprehensive analysis of how political shifts, such as presidential elections, can impact the stock market. Lupescu emphasizes the importance of separating emotion from evidence in financial decision-making, offering valuable insights into market behavior and investment strategies.

Tune in to gain a deeper understanding of how to navigate your financial future amidst market uncertainty and political changes.

Download and rate our podcast here.

Money Matters: Navigating market uncertainties, Roth conversions, and the importance of estate planning.

Sat, 05 Oct 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat address the current state of the market amidst global uncertainties, providing a reminder of the unpredictable nature of short-term market movements and the importance of staying focused on long-term financial goals.

In an enlightening call-in segment, Scott and Pat assist Jeff from Ohio with a query about Roth conversions, offering tailored advice to help him make informed decisions about his retirement savings. This episode also highlights the importance of having a will or trust, even for those who are single, to ensure that assets are distributed according to one's wishes, rather than leaving it to state laws.

Scott and Pat share anecdotes and insights on navigating financial planning, emphasizing the importance of empathy in advising clients. They discuss the critical role of a financial advisor in guiding clients away from irreversible mistakes, underscoring the value of clear communication and understanding in financial decision-making.

With discussions ranging from the pitfalls of certain financial products to the significance of having a solid estate plan, this episode is packed with valuable insights for anyone interested in securing their financial future.

Download and rate our podcast here.

Navigating Financial Turbulence: Election Impacts and Investment Strategies

Sat, 28 Sep 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat delve into the complexities of financial decision-making amidst the unpredictable political landscape. They discuss how market reactions to political events can be misleading and why it's crucial to focus on long-term investment strategies rather than short-term market fluctuations.

They tackle the myths surrounding unrealized capital gains and their potential impact on your 401(k), shedding light on the misinformation perpetuated by the media. They emphasize the importance of understanding real rates of return and how inflation affects your investment portfolio.

Scott and Pat provide insights into maintaining a balanced investment approach, considering factors such as timeline, risk tolerance, and life changes. They also share personal anecdotes to illustrate the importance of thoughtful financial planning.

Finally, they answer listener questions on various topics, from setting up irrevocable trusts to making charitable contributions through IRAs.

Download and rate our podcast here.

Maximizing financial strategies, understanding Buffered ETFs, and estate planning.

Sat, 21 Sep 2024 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the importance of starting your year-end financial planning early. From maximizing your 401k and HSA contributions to considering Roth conversions and tax-loss harvesting, they cover key strategies to optimize your financial health before the year ends.

They also take a deep dive into Buffered ETFs with Allworth's Victoria Bogner, a Chartered Financial Analyst and Certified Financial Planner. Victoria explains how buffered ETFs work, their benefits, and the ideal circumstances under which they should be used. Whether you're nearing retirement or a risk-averse investor, you'll find valuable insights on how to incorporate these into your portfolio.

Lastly, Scott and Pat address listener questions about Social Security benefits and estate planning, offering practical advice to ensure you're making the most of your financial resources.

Download and rate our podcast here.

Navigating financial waters: Investments, retirement, and risk.

Sat, 14 Sep 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat dive into the ever-volatile market swings of September, the psychology behind investment decisions, and the importance of understanding risk premiums. Scott and Pat also share some personal stories that highlight the long-term benefits of smart investing and staying the course.

They also tackle listener calls, offering advice on retirement planning, the best investment options between CDs and treasury bonds, and how to effectively manage a portfolio for long-term growth.

If you've ever wondered about the right time to retire, how to balance your portfolio, or just need some financial guidance, this episode is packed with valuable insights.

Download and rate our podcast here.

Money Matters: Retirement planning, tax strategies, investment insights, and more.

Sat, 07 Sep 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat dive into the complexities of the modern investment world, discuss the importance of financial planning, and explore how technology has made tax efficiency easier than ever. They also touch on the intriguing topic of cash sweep programs and how brokerage firms make money off your uninvested funds.

They take calls from listeners like Terri, who is navigating the maze of annuities and retirement accounts, and Vince and Samantha, young retirees looking to optimize their Roth conversions and tax strategies.

Scott and Pat share invaluable insights to help you manage your finances effectively and plan for a secure future.

Download and rate our podcast here.

Navigating the financial maze: IRA questions, pension decisions, Social Security, and more.

Sat, 31 Aug 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat tackle questions on a range of topics from pension adjustments, Roth conversions, to the ever-pressing dilemma of when to start taking Social Security. They also discuss the importance of umbrella insurance policies and share personal anecdotes that make financial advice relatable and engaging.

Whether you're curious about the impact of government incentives on EV investments or need guidance on special needs trusts, this episode is packed with valuable insights.

Download and rate our podcast here.

A shift in the auto industry, buffered ETFs, revisiting the 2008 financial crisis, SMAs explained, and when to fire your advisor.

Sat, 24 Aug 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss why now might be the time to buy a car. A Connecticut caller who retired this week asks whether he should invest in buffered ETFs. Scott and Pat then reflect on the 2008 financial crisis that nearly brought down the world economy. A California man wonders whether he should invest in Separately Managed Accounts. Finally, hear why Scott and Pat tell a New York caller to ditch her financial advisor.

Download and rate our podcast here.

Wall Street’s wild ride, portfolio spending stress, Social Security advice, non-traded REITs, and a financial plan as a wedding gift?

Sat, 17 Aug 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why they aren’t surprised by Wall Street’s recent roller coaster ride. A caller nearing retirement expresses anxiety about shifting from saving to spending. A Virginia father wonders if he should buy a financial plan as a wedding gift for his son. A Texas caller asks whether his wife can claim half of his Social Security benefit. Finally, Scott and Pat discuss the downside of non-traded real estate investment trusts, or REITs.

Download and rate our podcast here.

An investor scared about the market, a husband thinking about merging his money, and advice on managing inherited retirement accounts.

Sat, 10 Aug 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a Montana rancher navigate the volatile stock market. A California man wonders if it's time to combine finances with his wife. Finally, Scott and Pat examine new IRS guidance that impacts thousands of people who will inherit retirement accounts.

Download and rate our podcast here.

The power of a diversified portfolio, a lesson on dividend-paying ETFs, tax strategies when leaving money to heirs, and advice on managing your mindset.

Sat, 03 Aug 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain how a diversified portfolio protects you as industries and companies come in and out of favor. Then they help a caller understand the intricacies of a dividend-paying ETF. A 57-year-old Californian asks about the best way to reduce the family’s tax burden when leaving money to the kids. Finally, Scott and Pat check back in with a Texas man who needed advice back in March on keeping his own tendencies in check.

Download and rate our podcast here.

Tech sector turbulence, navigating an estate with no will or trust, advice for managing cash as you get older, and one key question involving two 401(k) accounts.

Sat, 27 Jul 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the news making headlines this week including volatility among big tech stocks. A California woman tasked with supervising her grandmother’s estate asks for guidance on how to manage the $2 million in it. A woman in her 80s wants to know how much liquid money she should have on hand. Finally, an Oklahoma caller seeks advice on whether he should combine his two old 401(k) accounts.

Download and rate our podcast here.

When the markets defy logic, where to park old 401(k) funds, when not paying off the mortgage makes sense, and the value of experiencing the ups and downs of investing.

Sat, 20 Jul 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat examine why the markets behave the way they do despite major events like the attempted assassination of former President Donald Trump. A new retiree wants to know how risky he should be with $140,000 he has in an old 401(k). A North Carolina caller asks whether it’s smart to use 401(k) dollars to pay off his home. Finally, Scott and Pat discuss how investors can benefit from living through the best and worst of times.

Download and rate our podcast here.

The risk of overlooking beneficiaries, a question about a Roth conversion, a caller who wants to retire in the next decade, and a tax strategy that many workers aren’t aware of.

Sat, 13 Jul 2024 06:00:00 -0700

Download and rate our podcast here.

A 401(k) transfer question, a long-term care concern, and the call that made Scott and Pat say “uh-oh!”

Sat, 06 Jul 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a woman decide whether to move an old 401(k) into an IRA. A California man asks whether he should contribute money to an insurance product he says his father-in-law is selling him. A caller needs guidance on how to pay for her mother’s long-term care. Finally, Scott and Pat weigh in on where a grandmother should park money earmarked for one of her grandchildren.

Download and rate our podcast here.

Why a portfolio fails, a lesson on tax efficiency, when direct indexing makes sense, and should you sell stock to boost your emergency fund?

Sat, 29 Jun 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss who is to blame when a financial plan goes south. A woman who just retired asks how she can make her portfolio more tax efficient. A New York man wants to know whether he should sell $8,000 worth of individual stocks to boost his emergency fund. Scott and Pat explain the concept of direct indexing and who would benefit from it. Finally, a California caller asks when she should withdraw money from her 457.

Download and rate our podcast here.

Tax planning opportunities, when a portfolio holds too much cash, and how much Nvidia stock is considered too much?

Sat, 22 Jun 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk with Allworth advisor Blake Davelaar about tax planning opportunities in light of the upcoming 2024 election and the expiration of the 2017 tax cuts next year. A California man asks whether he has too much cash in his portfolio. A caller in good financial shape wants to know whether she owns too much Nvidia stock. Finally, a retiree wants to know whether political instability could impact his state’s pension system.

Download and rate our podcast here.

The impact of the AI boom, when it’s time to hire a financial advisor, where to park proceeds of a home sale, and more.

Sat, 15 Jun 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why you should not get too excited about the AI stocks dominating the market. A man who fired his financial advisor 8 years ago asks whether it’s time to hire a new one. A North Carolina caller wants to know whether it makes sense to buy a home in Florida. A California woman who wants to sell her mother’s home asks where she should invest the proceeds. Finally, Scott and Pat discuss the connection between politics and your money, and take up the saga of GameStop and ‘Roaring Kitty.’

Download and rate our podcast here.

The risk of investing in commercial real estate, when Roth conversions don’t make sense, minimizing your tax liability, and where beginning investors struggle.

Sat, 08 Jun 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the danger that comes with owning commercial property. A 60-year old retiree learns why he should NOT do Roth conversions right now. A California caller wants to know how she can set up her portfolio to minimize the amount she pays Uncle Sam. Finally, Scott and Pat talk with Dave Ahern, co-host of the Investing for Beginners podcast. They examine the challenges younger investors face.

Download and rate our podcast here.

The number one objective of financial planning, high-yield savings accounts vs. CDs, how to stay in a lower tax bracket, and a strategy to generate income.

Sat, 01 Jun 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why financial planning must go beyond discussions about money. A Florida man wants to know the best way to take advantage of higher interest rates. A Maryland caller with millions in savings asks how he can consistently keep his income down. Finally, a man seeks guidance on how to generate income once the yearly payments he receives from the sale of a business run out.

Download and rate our podcast here.

The psychological aspect of retirement, when Roth conversions make sense, and questions about pensions, risk tolerance, and life insurance.

Sat, 25 May 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk with an executive coach who helps people navigate the parts of retirement that don’t involve money. A 54-year old who is about to retire finds out why she is the perfect candidate to do Roth conversions. A Colorado school teacher asks whether she should look at her pension as part of the fixed income portion of her portfolio. Finally, a caller wants to know whether she needs permanent life insurance.

Download and rate our podcast here.

A stock market milestone, meme stock mania, navigating the financial impact of a divorce, and the advice Scott and Pat gave that wound up in Italy.

Sat, 18 May 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why sitting on the sidelines instead of in the stock market can be so detrimental to your retirement, especially now. They also discuss the return of meme-stock mania. An Ohio woman who is less than ten years from retirement asks where to park $50,000. A Michigan retiree who just got divorced needs help steering his financial ship. Finally, Scott and Pat revisit a caller who would rather live in Italy than use his father’s help to buy a home.

Download and rate our podcast here.

A crackdown on salespeople posing as advisors, a widow who needs an income strategy, plus questions about a reverse mortgage, an RMD, and Social Security.

Sat, 11 May 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat weigh the pros and cons of the Labor Department’s looming crackdown on so-called advisors who sell financial products. A Utah man seeks guidance on how to help his widowed mother navigate her financial life. A California caller wants to know whether it makes sense to take out a reverse mortgage. A retiree with a surplus of money asks for help with an RMD strategy. Finally, a 63-year old wonders whether he should take Social Security early.

Download and rate our podcast here.

Tricky economic times, a financial safeguard many must have, plus advice on risky investment funds, annuities, and taxes tied to inheritances.

Sat, 04 May 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss complicated financial conditions unfolding in the U.S. and around the world. An Ohio father with a question about saving is told to get off the phone and do something else for his family immediately. A 63-year old who is still working asks when the best time to retire will be. Later in the show, Scott and Pat take a deep dive into Cathie Wood’s ARK funds, tackle a caller’s question about annuities, and provide peace of mind for a grandson about to inherit a large chunk of change.

Download and rate our podcast here.

A condo investment question, a younger father dreaming of an early retirement, and when you might own too much company stock.

Sat, 27 Apr 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a woman decide whether it’s a good idea to sell her rental property. A father of two with a third on the way nearly leaves Scott and Pat speechless when he breaks down his financial situation. A caller with millions invested in her aerospace company’s stock wonders whether she holds too much of it. Finally, Scott and Pat discuss the connection between volatile leaders and company stock prices.

Download and rate our podcast here.

A teen with a large inheritance, a heart transplant recipient who wants financial success, and how a qualified advisor keeps you calm when the waters are rough.

Sat, 20 Apr 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a 19-year old decide where to park $400,000 a distant relative passed down to him. It leads to a discussion about the importance of holding family meetings. A Wisconsin caller who received a new heart four years ago asks for help maximizing his family’s savings. Allworth advisor Andy Shafer joins the show to explain how he helps clients when panic sets in. Finally, a Colorado man asks Scott and Pat whether they are worried about current price-to-earnings ratios.

Download and rate our podcast here.

Why some investors should ignore economic data, a $700,000 inheritance question, and a warning about advisors who act as fiduciaries only some of the time.

Sat, 13 Apr 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by discussing the current state of the economy with Allworth Chief Investment Officer Andy Stout, and then explain why some should pay little attention to the data. A caller with an 80/20 stock to bond allocation wonders whether he should tweak the bond portion of his portfolio. A Colorado man asks for guidance on how to handle a six-figure inheritance. Finally, Scott and Pat reveal how you can spot a financial advisor who doesn’t act as a fiduciary 100% of the time.

Download and rate our podcast here.

The new pump and dump scheme, where to invest in 2024, and questions about a portfolio allocation, an estate plan, and income streams.

Sat, 06 Apr 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the latest technique fraudsters are using to trick investors. A retired teacher finds out why she should add some risk to her portfolio. A California caller wants to know whether he is in good shape to retire next year. A mother of two asks for guidance on how to ensure her wishes will be carried out once she passes. Finally, Scott and Pat advise a couple who has yet to dip into multiple income sources.

Download and rate our podcast here.

The balance between living for the present and saving for the future, the tax implications of retirement contributions, why home loans can make sense for good savers, and a talk about tithing.

Sat, 30 Mar 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain the financial impact of embracing not just the journey, but the destination. A Virginia caller who is five years from retirement asks for help understanding how his contributions impact his taxes. A California man wants to know whether he should take out a loan so he can build a home. Finally, a Pennsylvania caller wonders whether she should tithe from her Social Security income.

Download and rate our podcast here.

Financial advisors under the microscope, plus questions about Social Security, a portfolio allocation, wash sales, and bond funds.

Sat, 23 Mar 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain where you can go to find out whether a financial advisor is legit. A caller with three adopted grandchildren asks whether his wife’s Social Security benefit can replace death benefits the grandchildren are currently receiving. A retiree from Texas wants to know whether his portfolio has too much cash in it. Finally, Scott and Pat explain the advantages of wash sales, and help a caller decide whether to invest in bond funds.

Download and rate our podcast here.

The Wall of Worry, investor cynicism, market timing and Roth conversions, plus tax advice for people with multiple qualified plans.

Sat, 16 Mar 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by discussing the infamous Wall of Worry, before discussing market resilience in the face of chaotic world events. They then take a call from a Sacramento man who has a complex investment situation, including a need for Roth conversions, followed by a conversation with a retired couple that is travelling throughout the South and who needs tax advice about their multiple qualified plans.

Social Security and legislative risk, the importance of tax diversification, where to invest extra income, and a conflict of interest solved.

Sat, 09 Mar 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by explaining how proper financial planning can overcome legislative risk to a portfolio. A Philadelphia man with a tax issue hears a solution he never thought of. Scott and Pat revisit a caller who needed to have a tough conversation with his father-in-law. Finally, advice for an Arizona man who wants to know whether he is on the right path to retirement.

Download and rate our podcast here.

The AI stock boom examined, the assets to grab during a divorce, and a Roth conversion issue with an elephant in the room.

Sat, 02 Mar 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss whether the current mania over the “Magnificent Seven” stocks could lead to a dangerous bubble. A stay-at-home mom with a divorce on the horizon asks where she should invest her dollars. A retiree from New York wants to know whether it makes sense to sell her home and rent. Finally, Scott and Pat discover a big picture problem when a caller asks for advice about a Roth conversion.

Download and rate our podcast here.

A lesson on portfolio diversification, clearing up confusion about IRA tax rules, and how proper financial planning can lead to golden opportunities.

Sat, 24 Feb 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by tying the commercial real estate crisis to the importance of diversification. Then they help a caller who says she is getting mixed messages on how to handle two inherited IRAs. A world traveler asks how to break the news to his father that he wants to invest in indexes instead of real estate. Finally, Allworth’s Brian James joins the podcast with real world examples of hidden opportunities that proper financial planning presents.

Download and rate our podcast here.

A Bitcoin breakdown, how to find your retirement number, and where to put $1 million in inherited assets.

Sat, 17 Feb 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by discussing the risk of speculating in Bitcoin. A California caller asks for help determining the amount of money he needs to retire. A Virginia woman wants to know whether she should do what’s known as an in-plan Roth conversion. Finally, Scott and Pat advise a caller from Tennessee who is spooked by a $1 million inheritance.

Download and rate our podcast here.

A 401(k) transfer question, a long-term care concern, and the call that made Scott and Pat say “uh-oh!”

Sat, 10 Feb 2024 06:00:00 -0700

Download and rate our podcast here.

The current state of the economy, a defined contribution plan question, the beauty of a solo 401(k), and when taking Social Security isn’t so simple.

Sat, 03 Feb 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by discussing current economic news with Allworth Chief Investment Officer Andy Stout. A California caller asks whether he should put money into a defined contribution plan and then roll the funds over to a Roth account. You’ll hear why Scott and Pat think a Colorado woman should open a solo 401(k). Finally, they explain a time when taking Social Security isn’t so simple.

Download and rate our podcast here.

A Roth account question, guidance on a portfolio allocation, and where to invest $800,000.

Sat, 27 Jan 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a caller decide whether to contribute money to a Roth account. A man who will retire next month asks whether his portfolio is allocated properly. An Oregon woman diagnosed with stage 4 cancer wants to know where to invest $800,000 she says she received from a medical malpractice settlement. Finally, Scott and Pat advise a Minnesota doctor who has an extra $85,000 to invest each year.

Download and rate our podcast here.

Bitcoin ETFs, a risk tolerance dilemma, a mortgage payoff question, and a 529 contribution strategy.

Sat, 20 Jan 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss whether investing in Bitcoin ETFs is safe. A Washington state woman asks for help aligning her risk tolerance with her husband’s. A Maryland caller wants to know whether she should pay off the mortgage on her second home. Finally, an Indiana father seeks guidance on how best to contribute to a 529 plan.

Download and rate our podcast here.

The financial benefits of delayed gratification, concerns about a trust, a 401(k) roadblock, and a portfolio problem solved.

Sat, 13 Jan 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat provide honest advice for those choosing to spend now instead of saving for later. A Florida man who is the beneficiary of a trust asks for help navigating his complicated situation. A 57-year old caller wants to know why his employer won’t allow him to take a 401(k) distribution. Finally, Allworth advisor Brian Murphy joins the show to explain how he cleaned up a portfolio that was riddled with fee and commission payments.

Download and rate our podcast here.

A family financial review, a donor-advised fund question, advice on a stock transfer, and assistance on an annuity.

Sat, 06 Jan 2024 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why now is a good time for parents to do a financial analysis with adult children. A California man looks for guidance on a donor-advised fund. On Oregon caller with a high net worth asks whether he can minimize taxes on a stock transfer he wants to make to his brother. Finally, a Georgia man with an annuity wants to know why Scott and Pat are so critical of how financial products are sold.

Download and rate our podcast here.

Scott and Pat tackle questions about college costs, financial gifts, and estate planning.

Sat, 30 Dec 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by helping a father decide whether he should self-fund his daughter’s college costs. Then, they help a caller figure out how to value the amount of a financial gift he won’t give for another five years. Plus, Scott and Pat make a house call to a California woman to see whether she took their advice. Finally, they hear from a caller who had an estate planning conundrum.

Download and rate our podcast here.

Bridging the gap between having wealth and feeling free, where to invest an inheritance, and questions about Social Security and Roth conversions.

Sat, 23 Dec 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why having all the money in the world may not lessen your worry about it. A Pennsylvania teacher who just retired wants to know where she should invest inherited money. An Arizona caller asks whether she can claim her late ex-husband’s Social Security. Finally, a woman who called in the day after retiring finds out when she should do Roth conversions.

Download and rate our podcast here.

2024 financial resolutions, worries about a Roth conversion, and when cashing out an annuity makes sense.

Sat, 16 Dec 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain the benefit of investing in index funds. Allworth advisor Mark Shone joins the show to discuss specific money resolutions to make for the new year. A 71-year-old retiree asks whether his recent Roth conversion was a bad decision. A caller married for ten years wants to know whether he should finally combine finances with his wife. Finally, you’ll hear why Scott and Pat think a California caller should cash out her annuity.

Download and rate our podcast here.

After-tax 401(k) contributions, year-end tax tips, guidance on annuities, and more.

Sat, 09 Dec 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss why the struggle is real for some younger investors. A 49-year-old California man wants to know whether he should make an after-tax contribution to his 401(k). The director of Allworth’s tax division breaks down strategic moves to make before the end of the year. Finally, a caller who just retired asks whether he should move some of his money into an annuity.

Download and rate our podcast here.

The red-hot stock market, why cash isn’t the long-term answer, and your retirement planning questions answered.

Sat, 02 Dec 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss why the markets are on fire right now. They help a Phoenix man work through a great financial planning technique. A North Carolina caller asks for guidance on a savings goal. An Ohio woman wants to know whether she should buy an annuity. Then, Scott and Pat have a candid conversation about what retirement means to them. Finally, they explain why cash is not a long-term solution for investors.

Download and rate our podcast here.

The strange things people do with inherited money, questions about a pension and long-term care, and the danger of investment products.

Sat, 25 Nov 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why receiving a financial windfall can make you more of who you already are. A 58-year-old single caller asks for help with a pension buyout decision. A Missouri man wants to know whether he can afford to self-insure his long-term care. Plus, Allworth advisor Steve Hruby joins the show, to discuss the danger of investment products.

Download and rate our podcast here.

Two times when it might make sense to tweak your portfolio, plus questions about a reverse mortgage, Social Security, and Roth conversions.

Sat, 18 Nov 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain the instances when changing an investment portfolio could be the right thing to do. They revisit a caller who asked back in May whether he should do a reverse mortgage. A 57-year-old woman who loves being retired wonders whether she should take Social Security at age 62 to help her pay for health insurance. Finally, hear why Scott and Pat believe a great planning opportunity is in store for a woman who called with a question about a Roth conversion.

Download and rate our podcast here.

How investors should react to the current state of the economy, a question about a reverse mortgage, and when renting out a home beats selling it.

Sat, 11 Nov 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk with Allworth Chief Investment Officer Andy Stout about the economic factors driving stock market activity. A caller from Georgia with two houses on 14 acres of land asks whether he should consider a reverse mortgage. Plus, is it better to sell a house or rent it out? A Pennsylvania father with dreams of living in a larger home wants to know.

Download and rate our podcast here.

The four components of a happy retirement, when renting out a home beats selling it, and the nuances and importance of Roth conversions.

Sat, 04 Nov 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the specific factors that spawn satisfaction and joy in retirement. An Ohioan who is getting married asks whether she’s better off renting out her home instead of selling it. Allworth regional director Brian James comes on the show to discuss one of the most misunderstood parts of an IRA. Finally, a caller whose wife is going blind wants to know when they should take a state pension.

Download and rate our podcast here.

The qualities of a financial advisor who cares about you, the pros and cons of a HELOC, a property tax query, and more.

Sat, 28 Oct 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat reveal the qualities of a wealth manager who cares about you, and one who doesn’t. A caller from Massachusetts asks whether he should take out a HELOC to pay for an investment property. A California man building a forever home wants to know about property tax implications. Finally, a Texas caller living in an RV needs financial guidance so she can improve the quality of her life.

Download and rate our podcast here.

Why crypto was a recipe for disaster, where to invest cash when you have too much, the power of financial planning when the unexpected happens, and more.

Sat, 21 Oct 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain how they knew years ago that the crypto craze would turn chaotic. A California man asks whether his mother should roll over her annuity into an IRA. A caller from New Jersey needs help deciding whether to pay off one of her mortgages. Plus, Allworth advisor Lauren Williams joins the show to highlight the power of financial planning when life takes unexpected turns. Finally, a Nevada mother with too much cash asks where to invest it.

Download and rate our podcast here.

Why the fundamentals of investing are critical right now, a question about an old 401(k), a retirement account dilemma, and more.

Sat, 14 Oct 2023 06:00:00 -0700

War in the Middle East. Turmoil in Congress. On this week’s Money Matters, Scott and Pat explain why the key for investors right now is calm. Then, they help a Colorado woman who is concerned about the future of the value of the dollar. A caller who just turned 65 wants guidance with his employer-owned retirement account. Finally, an Indiana woman asks where she should invest her old 401(k) dollars.

Download and rate our podcast here.

Why investors need a sounding board, plus questions about life insurance, bond accounts, and Roth conversions.

Sat, 07 Oct 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss one of the most important qualities of a trusted financial advisor. A caller from Colorado asks where she should put money left over from her budget. A man who started listening to the show when he was 19-years-old wants to know whether he should buy whole life insurance. Finally, Scott and Pat educate a California caller on why and when one should do Roth conversions.

Download and rate our podcast here.

Lessons on long-term care, bonds, retirement income, home sale proceeds, and more.

Sat, 30 Sep 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by discussing economic headwinds facing Wall Street right now. You’ll hear why they think a California man should continue paying the premiums on his long-term care policy even though he can self-insure. A Florida retiree calls in to ask whether he should buy individual bonds. Then, Scott and Pat tackle questions about retirement income and proceeds from the sale of a house.

Download and rate our podcast here.

A deluge of empty buildings, where to invest home sale proceeds, and the importance of embracing your future self.

Sat, 23 Sep 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by discussing the worries in the commercial real estate market. Then, a woman who plans to sell her apricot orchard wants to know how much money she needs to buy a new home in a different state. A Virginia caller asks where he should invest the proceeds from the upcoming sale of his mother’s house. Finally, behavioral decision-making expert Hal Hershfield joins the show to explain why getting to know your future self right now will pay dividends later.

Download and rate our podcast here.

Where the key to financial independence lies, plus questions about life insurance, long-term care policies, a Roth 403(b), and state taxes.

Sat, 16 Sep 2023 08:15:00 -0700

On this week’s Money Matters, Scott and Pat start the show by explaining why the key to financial independence is less about your money and more about you. A Las Vegas man in his 40’s wants to know whether he is on the right track toward retirement. You’ll hear why Scott and Pat want a California caller to invest her money in a traditional retirement account instead of a Roth. Finally, why moving for tax reasons isn’t as simple as it looks.

Download and rate our podcast here.

A Roth conversion question, where to invest CD proceeds, and cleaning up an unorganized financial mess.

Sat, 09 Sep 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat start the show by discussing drama in the crypto world. A Montana woman who retired last year asks for advice on a Roth conversion strategy. You’ll hear why Scott and Pat tell a caller with six CDs to rebuild his portfolio once those investments come due. Then, Allworth advisor Blake Davelaar joins the show to explain how he was able to clean up a couple’s portfolio that consisted of ten accounts held at five different financial institutions. Finally, Scott and Pat help a woman looking for a new financial advisor.

Download and rate our podcast here.

Why retirees return to work, the current state of the economy, and a mortgage payment puzzle.

Sat, 02 Sep 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss why so many people who voluntary left the workforce want jobs again. Allworth Chief Investment Officer Andy Stout joins the show to examine whether the Federal Reserve will raise interest rates for a 12th time in 18 months. Then, Scott and Pat help a caller create a strategy for taking distributions from several retirement accounts. Finally, a retiree and great saver asks whether she should be making extra mortgage payments.

Download and rate our podcast here.

Scott and Pat tackle questions about college costs, financial gifts, and estate planning.

Sat, 26 Aug 2023 06:00:00 -0700

Download and rate our podcast here.

Why it’s time to review your insurance policies, questions about real estate investments and RMDs, and a guide to financial planning during turbulent times.

Sat, 19 Aug 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why deadly fires in Maui should compel you to review your insurance policies. A house flipper from Iowa wants to know where to invest $250,000 in proceeds from the sale of three homes. A great saver from New Jersey asks where to best direct funds from a required minimum distribution (RMD). Finally, Scott and Pat discuss the challenges of financial planning for those in the airline industry.

Download and rate our podcast here.

The strange things people do with inherited money, questions about a pension and long-term care, and the danger of investment products.

Sat, 12 Aug 2023 06:00:00 -0700

Download and rate our podcast here.

The secret to success in investing, a call for help with a marital dispute, and advice on a long-term care policy.

Sat, 05 Aug 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss what might be the single most important rule to abide by if you want financial independence. A father asks for guidance on the best strategy to use to pay for his child’s college education. A Pennsylvania caller needs Pat’s help resolving a marital financial dispute. Finally, A California woman wants to know which long-term care policy is the best for her.

Download and rate our podcast here.

The monster U.S. budget deficit, a marital conflict over a dream home, and investor biases explained.

Sat, 29 Jul 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the ramifications of the federal government’s $1 trillion budget deficit. A California woman wants help convincing her husband to sell his dream home. A Kentucky caller asks whether he should convert some of his 401(k) to a Roth IRA. Finally, Scott, Pat, and Allworth advisor Brian Murphy explore the dangerous impact that biases have on investors.

Download and rate our podcast here.

Why some shouldn’t make extra mortgage payments, a question about a 529 plan, and how much Apple stock did you say you have?

Sat, 22 Jul 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a Colorado caller understand why she should avoid making extra payments on her home. Then, a father from California asks what will happen to his 529 plan now that his daughter thinks college isn’t the answer. Plus, Allworth partner advisor Chris Giordano joins Scott and Pat to explain how he dealt with a couple who had half of their net worth tied up in Apple stock.

Download and rate our podcast here.

Why age shouldn’t determine stock allocation, questions about taxes and life insurance, and the vacation home that became an inheritance nightmare.

Sat, 15 Jul 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain the factors that should dictate how much stock you own. A newly married couple asks whether opening a particular kind of IRA will help them pay less in taxes. A private investigator wants to know whether his old job will keep him from receiving maximum Social Security benefits. Finally, Scott explains why it’s critical to have a well-thought-out inheritance plan.

Download and rate our podcast here.

The joy of financial planning, the income tax hitting good savers, and the danger of owning individual stocks.

Sat, 08 Jul 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the gratification that comes with creating a long-term plan for retirement. A caller from Chicago asks whether he should buy an annuity to supplement his income. Plus, a Texas man needs help managing his stock options. Then, Scott and Pat talk about an income tax impacting some investors. Finally, Allworth advisor Brian James joins the show to explain why owning individual stocks could lead you into the danger zone.

Download and rate our podcast here.

The danger of timing a recession, a retirement withdrawal strategy, and a deep dive into the world of wealth taxes.

Sat, 01 Jul 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why it’s not a good idea to buy and sell when recession talk ramps up. A retiree from Ohio asks for guidance on a proper withdrawal strategy. Then, Scott and Pat delve into the world of wealth taxes. Finally, a California caller wants to know why his 401(k) contributions would cause the government to reject his tax returns.

Download and rate our podcast here.

Zombie mortgages explained, indexed annuities discouraged, and Medicare costs dissected.

Sat, 24 Jun 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss mortgages from long ago that are suddenly haunting homeowners. A 49-year-old Arizona man asks whether he has too much money with one bank. Should a new retiree earning $8,300 a month from a pension consider an indexed annuity? Finally, Scott and Pat help a California caller prepare for future Medicare costs.

Download and rate our podcast here.

Why most investors underperform the market, where to put home sale proceeds, and finding a place for 401(k) funds in retirement.

Sat, 17 Jun 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why chasing short-term gains can lead to long-term problems. A Tennessee father asks whether buying his son a first home is a smart idea. A 31-year-old caller from Washington, D.C. wants to know where he should invest $500,000 in proceeds from the sale of his house. Finally, a Texas man who is about to retire asks for advice on where he should park the money sitting in his company’s 401(k).

Download and rate our podcast here.

The cost of money, how to pivot when investments are locked up, and an unexpected response to a Roth conversion question.

Sat, 10 Jun 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the impact that higher borrowing costs have on local governments. Then, an 83-year-old asks how he can gain access to $2 million tied up in his company’s money purchase plan. A California man wants to know whether his mother-in-law should sell a home. Finally, you’ll hear Scott and Pat’s unexpected answer to a question about a Roth conversion.

Download and rate our podcast here.

When investing in cash is the wrong move, plus questions about investment strategy, long-term care insurance, and Roth conversions.

Sat, 03 Jun 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss why companies choose to take on controversial issues. Then, a man looking to retire next year asks what a safe investment strategy would be. A caller from Hawaii wants to know whether her portfolio can weather a recession. Plus, Scott and Pat explain when investing in cash is the wrong choice. Finally, they tackle questions about long-term care insurance and Roth conversions.

Download and rate our podcast here.

Debt ceiling drama, the downside of investing in real estate, and when a portfolio is NOT too aggressive.

Sat, 27 May 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss market reaction to debt ceiling talks. Then, a 59-year-old wants to know whether she should invest money in real estate instead of putting it into her retirement account. You’ll hear Scott and Pat help a California woman with a question about prepaying taxes. Finally, a retiree from Iowa wonders whether he is being too aggressive with his portfolio.

Download and rate our podcast here.

A risky way to invest, a student loan concern, a question about dividend stocks, and how to identify a wealth manager with a conflict of interest.

Sat, 20 May 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss a fad investment that is falling apart right before our eyes. Then they help a man who wants to know whether his child should wait for a Supreme Court decision before paying off student loans. A North Carolina caller asks whether he should sell some of his dividend stocks. Plus, Scott and Pat help you identify a wealth manager who has a conflict of interest.

Download and rate our podcast here.

The fight against inflation, a debt ceiling showdown, and your questions answered.

Sat, 13 May 2023 06:00:00 -0700

On this week’s Money Matters, Scott, Pat, and Allworth Financial’s Chief Investment Officer Andy Stout examine whether the Federal Reserve will press pause on interest rate hikes. Then, Scott and Pat help a caller navigate between multiple Roth IRA accounts. You’ll hear them explain why one man should take Social Security benefits immediately. Finally, they weigh in on the debt ceiling stalemate happening in Washington, D.C.

Download and rate our podcast here.

The true value of a financial plan, where money should come from to help a loved one, and why tax time should be all the time.

Sat, 06 May 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why having a roadmap for your dollars is crucial. A 62-year-old asks whether $9,000 in monthly income will be enough to fund his lifestyle once he stops working full-time. You’ll hear guidance for a Montana woman who wants to know where she should pull money from to help her son-in-law. Then, Scott and Pat take a deep dive into tax planning for 2024 and beyond. Finally, they help a caller with a question about a lump-sum pension payout.

Download and rate our podcast here.

Bridging the gap between having wealth and feeling free, where to invest an inheritance, and questions about Social Security and Roth conversions.

Sat, 29 Apr 2023 06:00:00 -0700

Download and rate our podcast here.

The monster U.S. budget deficit, a marital conflict over a dream home, and investor biases explained.

Sat, 22 Apr 2023 06:00:00 -0700

Download and rate our podcast here.

Social media and the collapse of SVB, the role of diversification, and popular-but-volatile REITs.

Sat, 15 Apr 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by discussing the collapse of Silicon Valley Bank in the social media age, before moving on to a conversation about the purpose of diversification. They then take a call from a disciplined saver who is drastically overinvested in REITs, followed by a Colorado caller who wants to know if he should pay off one of his mortgages.

When bad actors scam good people, the search for a late father’s assets, and the four components that create financial peace of mind.

Sat, 08 Apr 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss two men accused of ripping off thousands of people of their hard-earned money. A 71-year-old wants to know whether it’s time to do a Roth conversion. You’ll hear Scott and Pat try and help a man track down his late father’s assets. Plus, they interview the author of the new book, “Retire to the Fullest.” Finally, a lesson on how to manage a 529 plan if the child never goes to college.

Download and rate our podcast here.

The consequences of banking industry troubles, why it’s taking so long to lower inflation, and when should you sell stock that’s almost worthless?

Sat, 01 Apr 2023 06:00:00 -0700

On this week’s Money Matters, Scott, Pat and Allworth Chief Investment Officer Andy Stout discuss the repercussions that banking industry turmoil could have on the broader economy. They also tackle the fight against inflation, and the disconnect between Wall Street and the Fed. Finally, Scott and Pat help a caller who wants to know when he should sell stock of a company that just filed for bankruptcy.

Download and rate our podcast here.

A deep dive into banking industry turmoil, a caller worried about market volatility, and why some should take Social Security ASAP.

Sat, 25 Mar 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat have an in-depth discussion of turmoil in the banking industry with the president and CEO of a regional bank. Then they help a caller who wonders whether he should take his money and run from market volatility. Finally, they explain to an Ohio man why it will be dangerous for him to wait until 70 to take Social Security.

Download and rate our podcast here.

SPECIAL EPISODE: Banks bite the dust, a question about renting versus buying a home, and why smart people are making poor financial decisions right now.

Sat, 18 Mar 2023 06:00:00 -0700

On this special episode of Money Matters, Scott and Allworth Chief Investment Officer Andy Stout put banking industry turmoil into context. Then Scott and Pat help a 60-year-old single woman who wonders whether she’s making a mistake by not owning a home. A caller wants to know whether he should open a tax-deferred account to house some of his 2023 income, or just pay the taxes now. Finally, Scott and Pat talk to an expert on decision making about why smart people are making bad financial choices right now.

Download and rate our podcast here.

A big change in consumer behavior, when $5 million is enough, the crypto collapse, and properly timing Social Security

Sat, 11 Mar 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by discussing the impact of a huge change in consumer behavior. A caller with $5 million in savings is worried she hasn’t saved enough. A 68-year-old Coloradan wants to know if he should take Social Security. And, finally, a call from a veteran who has saved well and wants to change careers gives way to a crypto conversation.

When so much stock is too much stock, the danger of chasing dividends, and when to start withdrawing from a retirement account.

Sat, 04 Mar 2023 06:00:00 -0700

Your company offered you how much stock? On this week’s Money Matters, Scott and Pat explain why that could be risky business for some. Then an Oregon man asks whether he should start withdrawing money from his thrift savings plan. A caller from Illinois wants to retire alongside his wife but wants to run the numbers by Scott and Pat. Finally, a retiree from New York asks whether he needs to take Social Security right now in case the program’s trust fund runs out of money.

Download and rate our podcast here.

The cost of fear and greed, a question about Roth conversions, and an estate plan dilemma.

Sat, 25 Feb 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain the importance of making the right financial moves when markets are down, but also when they are up. A husband and wife ask when they should do Roth conversions, but Scott and Pat never answer their question. Huh? You’ll hear why. Finally, a caller from Montana wants to know whether it’s best to have a family member be the executor of her estate, rather than a third party.

Download and rate our podcast here.

The government’s response to the crypto crisis, where to invest $75,000, and advice on buying a home.

Sat, 18 Feb 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat examine the government’s response to the crisis in the crypto industry. A caller from Chicago asks whether he should invest $75,000 in a CD or in a Treasury bill instead. A California man needs help with his wife’s permanent disability benefits. Finally, Scott and Pat make a “house call” to a great saver in Florida who wanted to know back in 2021 whether he should buy a home. Hear if he took our advice.

Download and rate our podcast here.

The future of Social Security, Roth conversions, and managing money during a job change.

Sat, 11 Feb 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the uncertainty over the future of Social Security. A Pennsylvania man with half of his net worth tied up in Berkshire Hathaway stock wants to know whether he should do a Roth conversion. A caller from Michigan asks whether he should start contributing to his company’s Roth 401(k). Finally, Allworth partner advisor Mark Shone joins the show to tackle ways to manage your money if you were to lose your job.

Download and rate our podcast here.

The war against inflation, a question about investment property, and whether now is the time to pay extra toward a mortgage.

Sat, 04 Feb 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat examine whether the Fed is now winning its fight against inflation. A South Carolina man asks whether he should sell an investment property and put the proceeds into a 529 plan for his kids. Finally, a caller from Illinois wonders whether he should make an extra payment toward his mortgage.

Download and rate our podcast here.

An IRA dilemma, a question about taxes, and why not all recessions are the same.

Sat, 28 Jan 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat tackle a unique situation where an investor has nearly all of his retirement money in a Roth IRA. They advise a California caller who wants to know whether there’s a tax advantage to designating herself as a contractor versus an employee. Allworth Advisor Jeff DeBoer joins the show to explain why all recessions aren’t the same. Finally, hear why Scott and Pat think a Michigan caller should sell a non-traded REIT.

Download and rate our podcast here.

How the fundamentals of investing will serve you well in 2023.

Sat, 21 Jan 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain how the basics of investing hold true regardless of what the markets do. A Colorado woman wants to know whether it makes sense to buy a place in New Zealand. Should a caller from California move some money into a Roth? Finally, Scott and Pat tackle the nuances of a financial plan with Allworth advisor Brian James.

Download and rate our podcast here.

The problem with predictions, mortgage, stock, and pension questions, and financial planning goals for 2023.

Sat, 14 Jan 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how wrong the “experts” are when predicting stock market performance. A Tennessee woman wants to know whether she should pay off her mortgage. A California caller with too much Apple stock needs help mitigating his risk. Plus, financial planning goals to make for 2023, and guidance for a Michigan caller with a pension.

Download and rate our podcast here.

Optimism for worried investors, the amount of umbrella insurance you need, and where to invest the proceeds from a home sale.

Sat, 07 Jan 2023 06:00:00 -0700

On this week’s Money Matters, Scott and Pat provide optimism, and explain why 2023 is NOT the time to throw out your long-term financial plan. Then they help a Louisiana woman decide how much umbrella insurance she needs. You’ll hear whether they approve of an annuity a California man is invested in. Finally, help for a Colorado caller who wants to know where he should invest the proceeds from the sale of his home.

Download and rate our podcast here.

Looking back at 2022 and preparing you for 2023 and beyond.

Sat, 31 Dec 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat review the wild year that investors endured and help prepare you for what’s to come.

Download and rate our podcast here.

The most entertaining and informative calls of 2022.

Sat, 24 Dec 2022 06:00:00 -0700

On this special edition of Money Matters, Scott and Pat revisit some of the most entertaining calls of 2022, starting with a Seattle woman who called on her birthday and wanted to know how to fold rental property into her retirement plan. Plus, they help two callers who wanted to know whether they should pay off their mortgages. Finally, a father and daughter hop on the phone to get some expert advice.

Download and rate our podcast here.

The FTX fiasco, the risk of a recession, and are you a candidate for a Roth conversion?

Sat, 17 Dec 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the fallout from the collapse of FTX. Then they are joined by Allworth’s Chief Investment Officer, to gauge the risk of a recession. A 34-year-old caller asks whether he should sell some stock at a loss for tax purposes. A Texas teacher needs help with his 403(b). Finally, words of wisdom for callers with questions about a pension, and Roth conversion.

The challenges of investing, the pros and cons of REIT’s, and is universal life insurance worth it?

Sat, 10 Dec 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the difficulties that come with investing. A Florida man asks whether he has enough cash flow to purchase a $1 million home. You’ll hear advice for a Michigan caller who may want to lease some of his land. Plus, the pros and cons of REIT’s, and whether universal life insurance is worth it.

Download and rate our podcast here.

Is the classic 60-40 portfolio model dead?

Sat, 03 Dec 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss whether the classic 60-40 portfolio model is actually dead. They then answer a call from a Washington investor who wants advice on the tax implications of converting a traditional IRA into a Roth IRA, before advising a son who has questions about selling his mother’s EE savings bonds.

Why some should spend down their savings, advice on dividend stocks, and overcoming the fear of financial planning.

Sat, 26 Nov 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why they sometimes advise callers to spend down their savings. You’ll hear them help a New York man who wants to know what he should do with $250,000 of profit from a home sale. A California man asks whether he should cash out dividends or reinvest them. Finally, a fellow Allworth advisor joins Scott and Pat to help listeners overcome the fear of financial planning.

Download and rate our podcast here.

The crypto crisis, the impact of interest rates on pensions, and where to allocate an inherited IRA.

Sat, 19 Nov 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why the current crypto crisis was bound to happen. A Texas man with a pension wants to know whether he should retire at the end of the year. You’ll hear advice for a caller who says his company “medically retired” him. Plus, help for a Missouri man who just wound up with an inherited IRA worth $115,000.

Download and rate our podcast here.

Rebalancing your portfolio, questions about Social Security, and where to allocate income.

Sat, 12 Nov 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why rebalancing a portfolio is such an important matter right now. They advise an 84-year-old Arizona woman who wants to know whether she should worry about her investments anymore. You’ll hear why an Ohioan with real estate holdings needs more cash. Finally, guidance for two California callers with questions about Security.

Download and rate our podcast here.

The best way to steer yourself through market volatility, plus lessons on inheritances, dividends, divorce, annuities, and estate planning.

Sat, 05 Nov 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain the best way to steer yourself through market volatility, while still leaving room for growth. They help a Washington woman whose inheritance is largely tied up in several annuities. A man who can’t find work wants to know whether he should throw in the towel and retire. You’ll hear Scott and Pat discuss the impact that divorce can have on estate planning. Finally, a lesson on whether reinvesting dividends makes sense.

Download and rate our podcast here.

Why some should retire right now, advice on investing aggressively, and what to check on before hiring a financial advisor.

Sat, 29 Oct 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why a specific group of people should consider retiring before the end of the year. A caller from Georgia wants to know whether he should invest more aggressively right now. You’ll hear guidance for an Ohio woman who wants to put a $100,000 inheritance to work. Plus, what to check on before hiring a financial advisor.

Download and rate our podcast here.

The downfall of timing the stock market, when to use the power of the Roth IRA, and pay off that mortgage!

Sat, 22 Oct 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why you must resist the urge to jump out of the stock market right now. Plus, they help a 21-year old decide where to allocate nearly $50,000 he has already socked away. Finally, Scott and Pat check back in on a woman who called the show asking for help with her severance. Did she take their advice to pay off her mortgage and boost her 401(k) contributions?

Download and rate our podcast here.

Coping with financial pain, a question about investing in growth stocks, and when some should take Social Security.

Sat, 15 Oct 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how the long-term investor should handle the financial pain so many are feeling. A caller with more than $2 million in net worth wants to know when he should take his Social Security disability income during retirement. Plus, is now the time to invest in growth stocks? Scott and Pat guide a caller through that scenario.

Download and rate our podcast here.

The Fed’s so-called “soft landing”, the truth about gold, sucking equity from a home, and the power of a diversified portfolio.

Sat, 08 Oct 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss when the housing market might finally cool off. A caller from Mississippi wants to know whether she should stay in her current home or live in a rental while she builds a new house. They help a Florida man decide whether he needs a financial advisor. A caller from Texas gets a lesson on the importance of having a diversified portfolio. Plus, straight talk on the Fed’s so-called “soft landing”, and why some investments aren’t good as gold.

Download and rate our podcast here.

The consequences of poor financial planning, how to handle RMD’s when markets are down, and should I use my 401(k) to pay off my mortgage?

Sat, 01 Oct 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why failing to plan for market drops is planning to fail. They help a caller decide how much of an RMD to take while the indexes are down. You’ll hear from a woman who wants to know whether it’s a good move to use some of her 401(k) to pay off her mortgage. Finally, a father puts his college graduate on the phone to get a lesson on investing.

Download and rate our podcast here.

Minimizing risk while staying in the market, the consequences of fad investing, and what NOT to do during this volatile time.

Sat, 24 Sep 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a caller who wants to minimize her risk without pulling money from the stock market. A California man wants to know whether he should remodel his home or buy a new one. You’ll hear a real world example of what can happen when people engage in fad investing. Finally, what you should NOT do when markets are down.

Download and rate our podcast here.

The impact of the poor inflation report, why some should take Social Security as soon as possible, and what a difference a year makes in the crypto world.

Sat, 17 Sep 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the potential impact the recent poor inflation report could have on investors. You’ll hear why they say an Arkansas man should take his Social Security as soon as possible. Finally, they revisit a caller who was hot on crypto last year when it was sky high. Scott and Pat advised him to cool down. Find out if he took their advice.

Download and rate our podcast here.

Pension advice, asset allocation guidance, the danger of financial insurance products, and where to draw income from in the first years of retirement.

Sat, 10 Sep 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help an Alaska woman decide whether now is the time to draw from her pension. A 61-year-old from Seattle spends her birthday asking about tax implications related to her real estate holdings. You’ll hear why Scott and Pat think a Colorado man should weather the current market volatility. Finally, a North Carolina woman learns the best way to generate income if she and her husband wait to draw from a pension and Social Security.

Download and rate our podcast here.

Navigating market volatility, minimizing capital gains taxes, allocating investments, and whether to tap home equity.

Sat, 03 Sep 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the Federal Reserve’s aggressive stance on fighting inflation. You’ll hear them help a man who wants to minimize capital gains taxes from the sale of a home. A 57-year old public school teacher wants to retire in three years but needs help with her asset allocation. Plus, guidance for a Texas woman with $400,000 sitting in cash, and advice for a man who wants to tap home equity to fund retirement.

Download and rate our podcast here.

A caller with $146,000 in student loan debt, a discussion about the cost basis for investments, and the pros and cons of target date funds.

Sat, 27 Aug 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the implications of student loan debt relief. Speaking of student loans, a caller who just came into some money wants to know whether she should pay off her $146,000 in debt. Hear why Scott and Pat say no. Plus, an in-depth discussion about the pros and cons of target date funds.

Download and rate our podcast here.

Roth versus Traditional IRAs, investment fads, and special guest Hal Hershfield, an award-winning UCLA behavioral psychologist.

Sat, 20 Aug 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a caller decide between a Roth or a Traditional IRA. They then discuss pensions and fad investments, before welcoming special guest, world-renowned behavioral psychologist, and UCLA Anderson School of Management professor, Hal Hershfield, who discusses politics, placebos, nature versus nurture financial decision making, the emotional differences between siblings, and the motivation behind various approaches to investing, saving, and money.

Advice on life insurance, an in-depth discussion about Social Security, and do bear and bull markets matter?

Sat, 13 Aug 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain whether long-term investors should worry about bear and bull markets. A caller wants to know whether it’s appropriate to ask how their advisor manages money. Pat and Scott take an in-depth look at Social Security, one of the most talked about financial topics. Finally, honest advice for a Colorado man with a question about life insurance.

Download and rate our podcast here.

Risk tolerance, advice on life insurance, and why tax time should be all the time

Sat, 06 Aug 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a man align his risk tolerance with current market volatility. They give honest advice to a caller who thinks his friend should move some money from bonds to cash. A retired member of the military wants to know what kind of universal life insurance policy to buy. A Georgia woman wonders where to transfer her old HSA. And Scott and Pat explain why tax time should be all the time.

Join Money Matters: Get your most pressing financial questions answered by Allworth's CEOs Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com.

The best 403(b) providers, advice on buying a second home, and why a robo-advisor is a no-no.

Sat, 30 Jul 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat break down the best 403(b) plans for an English teacher who is shopping around. A Virginia man wants to know whether now is the time to pull the trigger on buying a second home. We check in with a father of five who called the show a few months ago, wondering what to do with $120,000 he had sitting in cash. Finally, honest advice for a man thinking of using a robo-advisor.

How to react to financial news, advice on dividend stocks, and guidance on a pension payout.

Sat, 23 Jul 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why they spend less time on financial news, and more time on your response to it. They advise a caller whose mother doesn’t have enough in a money market for her required minimum distribution. You’ll hear Scott and Pat assist a man who is deciding whether to take out a bridge loan or HELOC. Finally, they help a caller who wonders whether a lump-sum pension payout is the correct course of action.

A lesson on bonds, when to do Roth conversions before taking Social Security, and the importance of ignoring the noise.

Sat, 16 Jul 2022 06:00:00 -0700

Do the markets have you feeling nervous? On this week’s Money Matters, Scott and Pat explain why it’s so important to ignore the current financial noise. Plus, answers for a man with questions about the duration of bonds. Finally, should you do Roth conversions before taking Social Security? Hanson and McClain have rock solid advice.

When insurance is crucial, the beauty of the backdoor Roth, and separating retirement fact from fiction.

Sat, 09 Jul 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat spell out what you absolutely need insurance for. Then, they walk a caller through the process of doing a backdoor Roth IRA conversion. You’ll hear the honest advice Scott and Pat give a retiree who wants to take money from her IRA to pay down her car. Finally, Scott and Pat play a little retirement fact or fiction.

When a down market is healthy, and why the answer to the most common question about retirement is a complicated one.

Sat, 02 Jul 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain how the financial pain we are feeling right now could be good for us in the long run. Plus, why the answer to the most common question about retirement is a complicated one. Is land a good hedge during a recession? Scott and Pat give a caller some honest advice. Finally, guidance for a man who wonders whether it’s a good idea to use an investment windfall to pay off his home.

Extracting the bull from bear markets, the risk of taking money from a Roth IRA, and how to find the right financial advisor.

Sat, 25 Jun 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat extract the bull from bear markets. Then they offer honest advice to a 61-year-old who got spooked and yanked money out of her Roth IRA. A Georgia man hears why bond maturity is a key to his retirement. Finally, Scott and Pat help a man looking for the key questions to ask a potential financial advisor.

Putting scary market headlines under the microscope, calculating a hedge for inflation, and the journey of a man who sought out investment advice from a dozen firms.

Sat, 18 Jun 2022 06:00:00 -0700

On this week’s Money Matters, Scott, Pat and Allworth’s Chief Investment Officer Andy Stout put recent scary market headlines under the microscope. Then Scott and Pat help a high school teacher who is unsure where his money should be invested. Finally, a man who sought out investment information from a dozen firms ends up on the phone with Scott and Pat.

Download and rate our podcast here.

Why smart people make poor financial decisions, help with a rollover IRA, and is a dream retirement in Florida achievable?

Sat, 11 Jun 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk to an expert about why smart people make poor financial decisions. You’ll hear advice for a man who wants to be more aggressive with his rollover IRA. Finally, guidance for a husband who hopes he can build a home and retire in Florida.

Download and rate our podcast here.

Perspective on market volatility, a question about life insurance, and an IRA that’s bleeding money

Sat, 04 Jun 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain why history will show that recent market volatility is temporary. Then they help a woman with an IRA that’s bleeding money. Are her investments too aggressive? Plus, guidance for a couple who wonders whether they should cash out their life insurance policies. Finally, a roadmap for a younger retiree who wants to do something with $75,000 in cash.

Download and rate our podcast here.

The impact of good financial planning during turbulent times, COVID’s influence on a pension, and can we buy our dream home?

Sat, 28 May 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the impact that good financial planning is having during these turbulent times. Then, they provide guidance for a worker who lost out on a full pension after having an allergic reaction to the COVID vaccine. You’ll hear advice for a man thinking of moving equity from his homes into the bank. Finally, they help a couple decide whether there’s enough money to buy a dream home.

Download and rate our podcast here.

The real reasons for inflation, a warning about 401(k) loans, and what a pig farmer can teach you about investing

Sat, 21 May 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explore the real reasons for inflation with one of the world’s leading authorities on monetary policy and economic history. Then, they deliver a warning for a woman who is considering taking out a 401(k) loan to pay off credit card debt. You’ll hear honest advice for a man who wants to accelerate paying off his home. Finally, what a pig farmer can teach us about investing.

Download and rate our podcast here.

A perfect example of financial planning, and a house call to a man who “accidentally retired”

Sat, 14 May 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat utilize a financial planning technique to get to the bottom of a man’s question about social security. Then they guide a retiree and single mother who wants to financially help her daughter pursue her dreams. Finally, Scott and Pat make a house call to a man who once called the show and said he “accidentally retired.”

Wall Street whiplash, concerns about bonds, and how a few extra years of work can really pay off

Sat, 07 May 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss Wall Street whiplash and what it means for long term investors. Then they provide advice for a woman concerned about her bond allocation. You’ll hear guidance for a woman who wants to know whether it’s time for her husband to retire. Finally, how just a few extra years of work can really pay off.

Money markets, mortgages, marriage and more!

Sat, 30 Apr 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat give advice to a recently married man thinking about investing $500,000 in cash into real estate. Then they provide guidance for a woman arguing with her husband over $215,000 that’s sitting in a money market. Plus, you’ll get a lesson on the donor-advised fund. Finally, help for a woman who wants to contribute to a Roth IRA but doesn’t have enough money.

Download and rate our podcast here.

Financial security, Roth conversions, and I’ve got stock - what should I do with it?

Sat, 23 Apr 2022 06:00:00 -0700

On this week’s Money Matters, want financial security? Scott and Pat discuss the responsibility needed to attain it. Plus, advice for a retiree thinking of buying more long-term care insurance. Then, is selling stock a good decision? Guidance for a couple thinking of pulling the trigger. Finally, why Roth conversions may not be prudent for a New Yorker who wants to move.

Inflation, the wild real estate market, and honest conversations about taxes, investments, and retirement.

Sat, 16 Apr 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss red-hot inflation and its impact on the real estate market. Then they offer guidance to a young investor with questions about restricted stock units. Plus, help for a 67-year-old with taxes to pay on a conversion from a 401(k) to a Roth IRA. Finally, a look at whether a father of two is on the right track to retirement.

A deep dive into the 401(k), and we said pay off your mortgage. Did he take the advice?

Sat, 09 Apr 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the creative ways people are paying off student debt after they’ve taken vows of poverty. You’ll hear advice for a woman thinking of selling gold and silver coins she’s had for 50 years. Plus they help a pilot decide whether to contribute to his regular 401(k), or Roth version. Finally, Scott and Pat check in on a man who called the show eight months ago with a million dollars in savings. Did he take the suggestion to pay off his mortgage?

Fighting inflation, a warning about an inheritance, and the man who blew all his money because he “thought” he was dying

Sat, 02 Apr 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help a father of five who is worried about inflation gobbling up his $100,000. Then they explain why planning your retirement around an inheritance could backfire. Plus, advice for a conservative investor who needs help managing $80,000. And hear the remarkable story of a man who blew through all his money because he thought he was dying. Turns out he wasn’t.

What financial security feels like, and when to access money you don’t need right now

Sat, 26 Mar 2022 06:00:00 -0700

On this week’s Money Matters, what does having financial security feel like? Scott and Pat define the emotion. Then they advise a man who can live off a pension but wants to know whether he should access the funds in his IRA. Plus, should a parent with a second child on the way put $30,000 into a 529 plan or pay down the house with it? Scott and Pat send him in the right direction.

Big swings on Wall Street: a reality check

Sat, 19 Mar 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat put wild swings on Wall Street into perspective. Then they help a man sort out tax implications after his mother accidentally deposited money meant for her IRA, into a checking account. You’ll hear honest advice for a man who wants to tap into his home’s equity to buy rental property. Plus, should you buy or rent a house? Scott and Pat help guide a young investor.

Car prices, high-dividend stocks, and reallocating a risky portfolio.

Sat, 12 Mar 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by discussing the premium prices being paid for new and used automobiles. They then take a question about the viability of a portfolio constructed entirely of high-dividend stocks. A disabled veteran is working with an advisor that had invested his life savings in an uncomfortably high-risk portfolio, and then liquidated it. They then answer a call from a 43-year-old Arizona man who wants to know about allocating his 401(k).

The impact of the war in Ukraine, life insurance, and recovering from numerous financial mistakes.

Sat, 05 Mar 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by discussing the global economic impact of the war in Ukraine. A caller wants to know if there exists a global catastrophe economic trigger point that would ever motivate Pat or Scott to get out of the market. A caller asks if he has enough insurance to cover his four children in the event of a tragedy. A good saver has made some financial mistakes and wonders if it’s too late to recover.

Conflict in Ukraine: Remain Calm

Sat, 26 Feb 2022 06:00:00 -0700

On this special edition of Money Matters, Scott and Allworth’s Chief Investment Officer Andy Stout explain why the key is calm during conflicts like the one in Ukraine. Then Scott and Pat help a woman navigate a $10,000 loss in her retirement account. You’ll hear advice for a woman afraid to use part of her emergency fund to pay off her mortgage. Plus, do you have to pay capital gains tax if you inherit your parents’ house? Hanson and McClain have the answer.

Download and rate our podcast here.

”An 11 year old told me to invest in crypto.”

Sat, 19 Feb 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk inflation. Then Scott shares what he said to an 11-year old who told him he needed to invest in cryptocurrency. Plus they reveal the most realistic time to start worrying about retirement. You’ll hear advice for a man thinking about rolling over his old 401k. Finally, a lesson on what to do with your required minimum distribution.

Download and rate our podcast here.

“An 11 year old told me to invest in crypto.”

Sat, 19 Feb 2022 06:00:00 -0700

Download and rate our podcast here.

A bullseye on target-date funds

Sat, 12 Feb 2022 08:47:31 -0700

On this week’s Money Matters, Scott and Pat explain why “it makes no sense” to have a target date fund outside of a retirement account. Then they help a woman who wants to use biblical principles to leave an inheritance. Plus, why a 62-year old with a child on the way should pull the trigger now on his social security.

Stock market volatility, advice on buying rental property, and a lesson in cryptocurrency.

Sat, 05 Feb 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat kick off the show by discussing the impact that social media stocks are having on market volatility. A woman about to retire wants to know whether she has enough money to buy a vacation home. A retiree asks whether he should invest $300,000 in a rental property or REITs. A high school teacher wants advice on teaching his students about cryptocurrency. Finally, a father with a disabled daughter wants to know how aggressive he should be with his portfolio.

Choosing between an IRA or state pension, investment alternatives, and the collapse of Peloton stock

Sat, 29 Jan 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by answering a question about the tax implications of choosing between a state pension and an IRA. They then answer a question from a Southern California man who wants advice on investment alternatives. The two then discuss the fall of exercise bike Peloton’s stock. Finally, a caller wants to know the specifics of a Roth conversion.

Market corrections, low-tax states for retirement, and living wills and trusts.

Sat, 22 Jan 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by discussing market corrections before taking a call from a great saver about investing in a backdoor Roth and then moving to a low-income tax state. A caller asks whether dividend stocks are a good investment. A 60-year-old caller wants to know the approximate tax burden on her Tesla and Apple stock? Lastly, a couple wants information on beneficiaries and revocable living trusts.

The COVID resistant market, savings advice for late bloomers, and required minimum distributions.

Sat, 15 Jan 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by discussing the seemingly COVID-resistant stock market. A married caller with high income and no savings wants to know how she can make up ground. A 71-year-old caller wants information on required minimum distributions. Next, a 61-year-old with five separate retirement savings accounts wants to know which vehicle he should tap first. Lastly, a caller wants to know if he should sell his losing stocks.

Family financial conversations, money from an inheritance, and an overview of SEPs.

Sat, 08 Jan 2022 06:00:00 -0700

On this week’s Money Matters, Scott and Pat begin the show by discussing some recent conversations they’ve had with their own families about money. A caller recently lost both her parents and wants advice on what to do with the $400,000 inheritance. A self-employed caller wants information on SEPs. A savvy California investor wants to know if her stock allocation is age appropriate.

Financial resolutions for the New Year, debt management, and Indexed Universal Life

Sat, 01 Jan 2022 06:00:00 -0700

On this New Year’s 2022 edition of Money Matters, Scott and Pat discuss keeping financial resolutions, before advising a caller who is curious about indexed universal life insurance. A Michigan caller wants to know about the feasibility of leasing part of his land to an energy company. Finally, a caller with a net worth of $2.2 million, which she mostly keeps in cash, wants to know if she should invest in the stock market.

This “best of” Money Matters includes calls about liquidating annuities, high mutual fund fees, and investment conflicts.

Sat, 25 Dec 2021 06:00:00 -0700

On this week’s special “Best Of” Money Matters, Scott and Pat advise a New Jersey caller who wants to liquidate a $130,000 annuity. A caller wants to know why the fees on his mutual funds are so high. A Sacramento caller wants to know if he can afford to retire and move to Thailand. Finally, a police officer wants to know if the windfall elimination provision will impact his Social Security.

Record inflation, building long-term wealth, and converting a term life insurance policy.

Sat, 18 Dec 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat advise a 28-year-old California caller earning $120,000 a year and who wants to create some additional revenue streams. A 67-year-old wonders if her investment risk exposure is in line with her age and rate of savings. A married man wants advice about investing the proceeds from a home sale. Lastly, a man wants to know if he should convert his term life insurance policy.

Elusive financial confidence, taxation on life insurance, and liquidating a large annuity.

Sat, 11 Dec 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat debate what it means to have financial confidence before advising a caller about paying income tax on a life insurance windfall. A retiree has $220,000 invested in an annuity and wants guidance about how to keep his tax obligation low. And, finally, a Salt Lake City man wants to know if saving 42% of the family income will be enough to fund retirement.

The impact of omicron, pros and cons of inflation bonds, rental property, and excess debt.

Sat, 04 Dec 2021 09:46:58 -0700

On this week’s Money Matters, Scott and Pat advise a caller who wants to know about inflation bonds, then answer a question from a South Carolinian with three rentals, a $1.2 million portfolio, and a moderate amount of debt. A caller from Georgia wants to know what to do with $400,000 from the sale of a business. A caller wants to know whether he should take Social Security at age 62, age 65, or age 70. Finally, a Northern California caller owns three rentals outright but has a $300,000 mortgage on her primary residence and wants advice on whether she should invest or pay off the loan.

Start-ups, non-profits, 529s, and choosing between a 401(k) and a brokerage account.

Sat, 27 Nov 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat advise a teacher from New York who wants to start a business. A caller who received a $300,000 inheritance wants to know where to invest and how to make sure his children benefit. A 33-year-old caller from Virginia wants help deciding between contributing to her work sponsored 401(k) and a brokerage account. A highly organized retiree wants to know if his investments are too conservative, and how to start a non-profit. A former Marine who has spent his career as a postal worker wants to educate his grandchildren about investing and money.

Rising home prices, the impact of inflation, and long-term care insurance.

Sat, 20 Nov 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat advise a caller who has lived in Yosemite for 30 years, saved well, but can’t quite afford a long-term care insurance policy. A caller who has saved $500,000 wants to know when he should file for Social Security. A 74-year-old Portland resident wants to know whether he should spend $700,000 to move into a retirement community. A soon-to-be retired state employee from San Diego wants to know how much the government will take from her pension. A retiree in his late 60s asks about Medicare Part B plan premiums.

The Rivian electric vehicle IPO, retirement account distribution strategies, and the downside of universal life insurance policies.

Sat, 13 Nov 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the record-setting Rivian electric vehicle IPO, before taking a call from a Georgia woman who wants advice on the sequencing of the drawdown of her retirement accounts. A city employee wants to know if she should keep her universal life insurance policy. A lifelong Californian wants financial advice about moving out of state. A North Carolinian has managed to save over $600,000 while making less than $60,000 a year. Finally, a California caller with $4 million in savings, and a $100,000 yearly pension, has three children who all live in New York and want her to move there.

Overseas stock sales, delaying Social Security, and the ProShares Bitcoin Strategy ETF.

Sat, 06 Nov 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat advise a caller from Columbia about paying capital gains taxes on an overseas stock sale. A California man with $3.5 million saved wants to know about delaying Social Security and refinancing his home. Scott and Pat then discuss the ProShares Bitcoin Strategy ETF. A caller from Woodland, California wants to know where to invest money from his former company’s profit-sharing program. They then advise a risk-adverse 67-year-old woman who has 63 percent of her $2.2 million savings in cash. Finally, a man in his late 50s with money to invest wants to know about Bitcoin.

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

Download and rate our podcast here.

Low interest rates, Tesla at $1 trillion, and a Trump SPAC

Sat, 30 Oct 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how long-term investors can invest during this unusual inflationary environment.

Scott and Pat advise a caller with $1.2 million in retirement savings about becoming a more passive investor. A caller with an income of $114,000 asks if he should take Social Security early. A bicycle racer asks how he can fund his hobby in retirement. Scott and Pat speak with a woman in California who is concerned what will happen to her bond investments if interest rates rise. Finally, a father in Virginia asks how he can prepare for a future financial collapse.

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

Download and rate our podcast here.

Questions for a global minimum tax

Sat, 23 Oct 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the potential implications of a global minimum tax.

Scott and Pat advise a caller looking for a check-up on his plan to move to Portugal during retirement. A caller asks how her stock options will be impacted when her company goes public. Scott and Pat speak with a woman looking to invest the money in her revocable trust. A Michigan man with a family income of $250,000 a year asks if he’s on track to retire early. Finally, a retired caller with a $1 million inheritance asks how she should invest the money.

Ask a question by calling 1-833-999-6784 or email Scott and Pat at questions@moneymatters.com.

Download and rate our podcast here.

The shadow inflation problem

Sat, 16 Oct 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the surprising reasons why inflation is higher than the news indicates.

Scott and Pat advise a new father making $300,000 a year about saving for his child’s future. A Massachusetts caller asks how to develop a more thoughtful Roth conversion strategy for his $1.8 million in retirement savings. A federal employee with $1.2 million in a Thrift Savings Plan asks if he can afford to retire comfortably. A California caller asks if he should pay down his $115,000 mortgage balance with his 401(k). Finally, Scott and Pat advise a saver about how he should handle his multiple life insurance policies.

Ask a question by calling 1-833-999-6784 or email Scott and Pat at questions@moneymatters.com.

The cheap debt conundrum

Sat, 09 Oct 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain how low interest rates impact equities, the housing market, and the strange investment trends of 2021.

Scott and Pat advise a father in Kansas City about how he can leave his $4 million IRA to his children in a tax-smart way. A caller with $800,000 in her 401(k) asks how she should pay for her vacations during retirement.

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

Download and rate our podcast here.

Expect rising insurance costs

Sat, 02 Oct 2021 02:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the two key reasons they expect insurance costs to rise.

Scott and Pat advise a New Jersey woman about handling $100,000 in a union retirement savings plan. A West Virginia man asks if he should invest $600,000 with a financial advisor who picks stocks. Finally, a caller planning to sell a house for $1.5 million asks what tax-write offs he should include in the sale.

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

Download and rate our podcast here.

Gold versus inflation

Sat, 25 Sep 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat break down the myth linking gold prices with high inflation.

Scott and Pat advise a caller from New Zealand about transferring $34,000 from her home country to a bank in the United States. A father asks how he can help his son invest the $40,000 he’s carefully saved. A Colorado man asks how to invest $475,000 before his new home is completed next year. Finally, a caller who saved physical gold bullion asks how much he should keep as he diversifies into other investments.

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

Download and rate our podcast here.

Tax increases and your changing financial plans

Sat, 18 Sep 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss which tax changes may result from the $3.5 trillion reconciliation bill and how savers can prepare.

Scott and Pat advise a retired Army officer about how to handle three different life insurance policies. A caller asks if he should save money in Swiss bank accounts for added diversification. A man in California asks how he should invest $850,000 to ensure a comfortable retirement. Finally, Scott and Pat speak with a small business owner who wants to know when she should take Social Security.

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

Download and rate our podcast here.

A new home with no proof of income.

Sat, 11 Sep 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss their concerns about higher home prices and why young savers should utilize Roth 401(k)s.

Scott and Pat advise a father about the best way to save for his children’s college education. A caller expecting $1 million from her mother’s estate asks how she should handle the windfall. Finally, a Colorado man asks if he should use the cash in his Roth IRA to pay off his $172,000 mortgage balance.

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

Download and rate our podcast here.

There’s no such thing as a “Free Lunch.”

Sat, 04 Sep 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat invite Allworth Financial’s Chief Investment Officer Andy Stout on the show to discuss the markets, inflation, unemployment, and how the Federal Reserve’s easing monetary policy might affect the overall economy.

Scott and Pat advise a long-time listener with a complicated CalPERS Long-Term Care Policy decision to help ensure his choice makes the most financial sense for his needs. Another California man asks how to determine the right amount of umbrella insurance to be sufficiently covered from any number of incidents from a dog bite, car accident, or an unexpected injury to someone else.

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

Annuities inside 401(k)s

Sat, 28 Aug 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the soaring used car market and speak with a caller who is considering buying a $100,000 annuity inside her 401(k) plan.

Scott and Pat advise a San Francisco man on his plan to retire to North Carolina. A caller who is just starting out in his career asks how he should save for a house. A Pennsylvania man asks if he should turn his duplex into a rental that could net $1,400 a month. A California caller asks if she should buy a deferred fixed annuity.

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

Download and rate our podcast here.

Planning for future tax changes.

Sat, 21 Aug 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the challenges of making a Roth conversion decision and why some online retirement calculators may not give you the correct answer for your situation.

Scott and Pat advise a caller with three rental properties about whether he should pay down his mortgages early. A father wants to know if his son, who makes $75,000 a year, is making eligible Roth contributions. A caller with more than $2 million in savings asks if he should do a Roth conversion. Finally, a caller nearing retirement 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.

Rolling a truck through a loophole.

Sat, 14 Aug 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the reasons why Special Purpose Acquisition Companies can be ripe for fraud, and why one electric vehicle maker is now charged with defrauding investors.

Scott and Pat advise a daughter, who is the executor of her parents’ trust, about how to invest $350,000 of their savings. A mother asks how future legislation could affect her son’s ability to inherit her $1 million home. Scott and Pat speak with a caller who owes the IRS $100,000 in back taxes and wants to know how to make a “compromise offer.” A retired caller asks how to invest $500,000 before the next stock market crash. Finally, a recent college graduate asks about the difference between ETFs and mutual funds.

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

Download and rate our podcast here.

A half-trillion-dollar wipeout

Sat, 07 Aug 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss China’s crackdown on technology and education companies and how that hurts American investors.

Scott and Pat advise a caller inheriting $600,000 who wants to know how he should invest the money to help his grandchildren and a favored ministry. A man with $2.5 million in savings asks if he can afford to retire comfortably and still maintain his standard of living. A retired caller who saved $1 million in traditional IRAs asks if a Roth conversion is a smart move. Finally, a saver who is helping his mother and sister financially asks when he should take Social Security.

Ask a question by emailing Scott and Pat at questions@moneymatters.com.

Buy, borrow, die

Sat, 31 Jul 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how company founders borrow against their stock to live tax-free, why some ordinary investors attempt something similar, and the reason these strategies often go awry.

Scott and Pat advise a caller selling a property worth $550,000 and looking to save on taxes. A caller asks if she should sell a rental worth $400,000 because the real estate market is hot. A grandmother asks if a 529 Plan is the best way to save for her grandchildren’s education. Scott and Pat speak with a 49-year-old man if he wants to retire at age 55. Finally, a caller nearing retirement asks if cashing in his paid time off will trigger significant tax consequences.

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

Download and rate our podcast here.

The 2% plummet

Sat, 24 Jul 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the stock market’s recent turbulence and how the media can sensationalize minor price swings.

Scott and Pat advise a man on how to handle 401(k)s worth $125,000 that were awarded to him from a divorce settlement. A caller is the executor of her brother’s estate and asks how she can access his Thrift Savings Plan with little documentation. A caller leaving California asks how he can avoid capital gains taxes on the sale of a home worth $550,000. A man asks how he can recover a 401(k), worth $40,000, that he lost track of decades ago. Finally, Scott and Pat advise a caller with $2.5 million in cash on what questions he should ask a financial advisor.

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

Download and rate our podcast here.

Deciding when to sell an asset.

Sat, 17 Jul 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the one question to ask yourself if you’re struggling to decide whether to hold or sell an asset.

Scott and Pat advise a retired caller in Florida, with $4.1 million in savings, about how he can determine a safe withdrawal rate. A California man asks if he should pay down his $148,000 mortgage balance with his 401(k) money. A caller asks how he should invest $1.1 million for his daughters. Finally, Scott and Pat speak with a woman in Texas who asks if she can collect Social Security based on her ex-husband’s record.

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

Download and rate our podcast here.

Learning from your investment history

Sat, 10 Jul 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how your experience investing during the pandemic can help guide future financial decisions.

Scott and Pat advise a pilot with $1.6 million in savings about whether he can retire comfortably at age 65. A father in his late 50s asks how he should save for his son’s private high school education. A young man in Argentina asks if he owes taxes after taking early Roth IRA distributions. Finally, Scott and Pat speak with a caller looking to lower his mortgage rate.

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

Download and rate our podcast here.

The myth of “unleashing” home equity

Sat, 03 Jul 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat answer why using your home’s equity for other investments can come back to bite you.

Scott and Pat advise a 64-year-old caller with $3.3 million in savings who wants to know if he should do a Roth conversion to save on his future tax bill. A re-married man who is selling his house asks how he should invest the $100,000 expected from the sale. A retired man wants to know if he should use dividend stocks to make payments on a $330,000 mortgage. Finally, a woman who recently moved to San Diego wonders how she should pay for a home worth $800,000.

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

Download and rate our podcast here.

Quantitative easing and interest rates

Sat, 26 Jun 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat revisit some of the best calls from the year before moving on to discuss the long-term impact of the Federal Reserve’s quantitative easing program.

Scott and Pat advise a 401(k) saver who is considering reducing her investment risk because of high stock valuations. A soon-to-be retiree asks if she should cancel her life insurance policy. A caller asks if he can afford a condo in Thailand. Scott and Pat advise a caller with $760,000 in retirement savings about how to pay home improvement expenses. A military service member wants to know if she should purchase four years of airtime on her pension. Finally, Scott and Pat speak with a caller who put the home of his 103-year-old mother-in-law in his name and wants to know if he’s on the hook for capital gains.

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

Download and rate our podcast here.

When the ducks quack...

Sat, 19 Jun 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the fundamental problems with cryptocurrencies, and Special Purpose Acquisition Companies, and why speculators continue to rush toward them.

Scott and Pat advise a father who is considering giving a home worth $295,000 to one of his three daughters. A caller with $900,000 in savings asks if he can afford to retire. A parent saved $60,000 in his daughter’s UTMA account and asks how she should take the money out in a tax-efficient manner. A retiring baker asks how he should go about selling his small business. Finally, Scott and Pat advise a federal government employee, with $900,000 in a TSP, about where else she can save.

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

Download and rate our podcast here.

Taking care of your pets and your finances

Sat, 12 Jun 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss why people actually have an easier time taking advice about their pets than for themselves.

Scott and Pat advise a caller who wants to know how she should handle a $2 million inheritance. A great saver asks if he should put his marginal dollars toward investing or paying down his law school debt. A government employee who saved $500,000 in a 457 plan asks if he should transfer his savings into an annuity. A caller asks how to handle an estimated $70,000 from a property sale. Finally, Scott and Pat advise a caller about what to do with a cash balance pension account.

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

Download and rate our podcast here.

Vetting your financial advisor

Sat, 05 Jun 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how clients can research their financial advisor’s background and why it’s so important.

Scott and Pat advise a fiscally conservative retiree, with $1.4 million in savings and 8 percent in equities, about his long-term investments. A caller asks how she should invest the money in her Health Savings Account. An employee for the State of California asks how she should collect her pension. Finally, a man who “accidentally retired” at age 45 asks if he can live comfortably with $2.4 million in savings.

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

Download and rate our podcast here.

The best calls from recent programs

Sat, 29 May 2021 06:00:00 -0700

On this best-of Money Matters, Scott and Pat revisit some of the most popular calls from recent broadcasts.

Scott and Pat advise a United States Marine Corp veteran about how to pay for college for his children using a 529 Savings Plan. Next, they advise a repeat-caller who needs investment guidance after his wife took her successful company public. Scott and Pat then advise a caller seeking to consolidate a 457 with an IRA. Next, a couple is interested in the mechanics of a reverse mortgage, followed by a concerned daughter who wants guidance regarding a $600,000 inheritance. Lastly, a caller wants to help her niece and nephew refinance a tricky mortgage.

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

Download and rate our podcast here.

Stock picking and coin flipping

Sat, 22 May 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the key reasons why popular investment fund managers have trouble repeating stellar returns.

Scott and Pat advise an attorney in California with $430,000 in retirement savings about how he should invest for the long-term future. A caller who is retiring at the end of the month asks how he should handle a trust. Finally, a caller with a family income of $210,000 and $300,000 in savings asks if she can afford to retire at age 56.

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

Download and rate our podcast here.

Volatility returns to the stock market

Sat, 15 May 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss why they are concerned about the fact that more savers are pouring money into speculative investments, including cryptocurrencies and SPACs.

Scott and Pat advise a caller, with $1.5 million in savings, on the practicality of retiring in his 50’s. A public employee asks how she should take her pension. A retired caller wants to know why her financial advisor is choosing her allocations based on a Monte Carlo simulation. Finally, a father of two asks if he should continue to save in his children’s 529 plan, worth $83,000.

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

Download and rate our podcast here.

Cryptocurrency and Greater Fools

Sat, 08 May 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss Dogecoin’s mind-boggling rise and why the increased speculation on cryptocurrencies parallels the dot-com boom.

Scott and Pat advise a retired caller who wants to know if selling stocks will affect her Medicare premiums. A caller with $930,000 saved for retirement asks if she should do a Roth conversion. A man with a $72,000 mortgage wants to know if he should pay down the balance early. A retired firefighter with $5.2 million in savings asks if he can afford a $1 million Miami condo. Finally, two callers at the start of their careers want to know how they should save for retirement.

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

Download and rate our podcast here.

The challenge of tax planning.

Sat, 01 May 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss who should prepare for future tax changes before interviewing Andy Stout, a CFA and the CIO of Allworth Financial, about SPACs, inflation, and the challenge of following a disciplined investment strategy in a bull market.

Scott and Pat advise a caller who wants to put 10% of his investment portfolio into gold and silver. A caller with three rentals asks how he can lower his capital gains taxes if he sells a property. A man with a family income of $160,000 asks if he should make a Roth conversion. An investor in his 30’s asks how to save for retirement independently. Finally, a caller asks how he can find out how much he’s paying in investment fees.

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

Download and rate our podcast here.

Retirement planning when life happens

Sat, 24 Apr 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss how good financial plans adapt to the ups and downs of life, and take calls about money and retirement.

Scott and Pat advise a 24-year-old investor, with $30,000 saved in cryptocurrency and living with his parents, about investing for the long-term future. A mother asks how she can smooth out income from oil royalty contracts and efficiently pass savings to her children. A caller turned her $1.5 million house into a rental and asks if she should sell it before capital gains taxes rise. A man with $2.1 million in savings and a $7,600 monthly pension asks if he’s ready to retire now. Finally, a caller asks if he should place his investments in an LLC to save on taxes.

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

Download and rate our podcast here.

This too shall end.

Sat, 17 Apr 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the challenge of rebalancing your investments when the stock market has performed well.

Scott and Pat advise a conservative investor who asks how to handle the proceeds of a maturing CD. A caller asks how he should take an $845,000 pension and pay down his mortgages totaling $967,000. A man with a family income of $500,000 asks if he should make a Roth conversion. Finally, a college student asks Scott and Pat if he should save money by living with his parents after graduation.

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

Download and rate our podcast here.

Ballooning national debt and the risk to retirees

Sat, 10 Apr 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the reasons why America’s rapidly growing debt could hurt retirees.

Scott and Pat advise a caller with $3 million in savings about keeping a long-term care insurance policy. A retired public employee asks how the Windfall Elimination Provision will affect his Social Security benefit. A caller with $4 million in retirement savings asks if he needs an annuity. Scott and Pat speak with a duplex owner, making $130,000 a year, about potentially selling his property. Finally, a caller asks if he should invest in cryptocurrency.

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

Download and rate our podcast here.

The allure of a risk-free retirement

Sat, 03 Apr 2021 05:58:00 -0700

On this week's Money Matters, Scott and Pat discuss the unsavory ways some financial advisors are promising to help investors “retire without risk.”

Scott and Pat advise a caller with $3 million in his 401(k) who asks if he needs to make his investments more conservative. A mother asks how her son should handle Restricted Stock Units. A caller asks if he’s on the hook for capital gains taxes after selling a condo that previously belonged to his 103-year-old mom. Finally, Scott and Pat speak with an Air Force veteran who wants to know if he should buy another rental property with the $500,000 he has in the bank.

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

Download and rate our podcast here.

Could Tesla become a Blockbuster?

Sat, 27 Mar 2021 05:58:00 -0700

On this week's Money Matters, Scott and Pat discuss the long-term problems with “momentum investing,” and why Blockbuster is a good illustration of the potential downfall of today’s hot stocks.

Scott and Pat advise a caller, who owes $550,000 on his mortgages, about whether he should convert his primary residence into a rental. A caller with $760,000 in his 401(k) asks if he can create a $100,000 fund for home renovations and vacations. Scott and Pat speak with a hospital employee, with a family income of $240,000, who wants to save on future tax bills. A man asks if his wife should take Social Security at age 62. Finally, a Minnesota caller asks if a gold-backed debit card could help protect his savings.

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

Download and rate our podcast here.

The swings and fascinations of this year’s financial markets.

Sat, 20 Mar 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss new investment schemes and shiny object scams that are good for TV ratings but will likely end poorly for most investors.

Scott and Pat advise a caller about how to invest the equity proceeds from a company sale. A man asks if selling his mutual funds to buy exchange-traded funds (ETFs) makes sense from a tax perspective. A long-time listener wonders whether she should pay off the remaining portion of her home loan or refinance. A 73-year-old woman wants to know if she should migrate her two mutual funds to broaden her portfolio. A 55 year-old-man man just sold a townhouse in Silicon Valley and wants to invest $1.2 million in proceeds.

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

Download and rate our podcast here.

The so-called relief bill

Sat, 13 Mar 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the potential long-term consequences of the $1.9 trillion stimulus package.

Scott and Pat advise a caller on how to invest the proceeds from a maturing CD. A 32-year-old woman, who makes $90,000 a year, wants to retire early, and asks if she should prioritize investing in a 401(k) or a brokerage account. A man wants to know if he can use $100,000 from his 401(k) to buy a condo in Thailand. A new grandmother asks how she can invest for her grandkids.

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

Download and rate our podcast here.

Silicon Valley wages in rust belt towns.

Sat, 06 Mar 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss why more cities are paying remote workers to relocate.

Scott and Pat advise a Colorado man with $620,000 in savings who wants to know if he should use a reverse mortgage to buy a home. A caller netted $500,000 from a property sale and asks if he should use the money to pay down his mortgage. A San Diego caller in her 20s who makes $94,000 a year wants to know if she should save to buy a home. Scott and Pat then speak with a man who wonders if he needs a fee-based financial advisor. Finally, a caller asks when the next market crash will occur.

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

Download and rate our podcast here.

There is no silver bullet investment.

Sat, 27 Feb 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss an alleged $1.8 billion Ponzi-like scheme and how unsuspecting investors lost their retirement savings.

Scott and Pat advise a South Carolina caller who asks if he should make a 20% down payment on a house when interest rates are low. A caller asks if he should pay for a bathroom remodel by selling stocks or using a HELOC. Scott and Pat speak with a caller concerned about the future of bonds. Finally, A former trader, who initially had $800,000 invested in Apple, asks if long-dated call options will help protect his investment.

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

Download and rate our podcast here.

The SPAC Boom

Sat, 20 Feb 2021 09:07:39 -0700

On this week's Money Matters, Scott and Pat explain the surge of Special Purpose Acquisition Companies and how it could transfer even more wealth from the middle class to Wall Street.

Scott and Pat advise a Colorado woman with 75% of her retirement savings in equities, who asks if her investments are too aggressive. A military veteran asks if she should purchase four years of service credit for $45,000. Scott and Pat speak with a caller who asks if he should pay down his mortgage balance of $50,000 early. Finally, a caller asks about the tax implications of owning qualified small business stock and restricted stock units.

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

Download and rate our podcast here.

The costs of free stock trading

Sat, 13 Feb 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the free stock trading boom and who will ultimately get hurt.

Scott and Pat speak with a father who wants to help his son by renting a house that his child purchases. A caller asks how he and his fiancé can lower capital gains taxes on two home sales. Finally, a man with a vacation home worth $550,000 asks if he should pay down the mortgage with cash from his IRA.

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

Download and rate our podcast here.

The right and wrong ways to refinance

Sat, 06 Feb 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the scenarios where refinancing a mortgage could hurt your retirement.

Scott and Pat advise a California public employee about when he should take his $735,000 pension. A caller asks if she should cancel her $650 annual premium term life insurance policy. A man asks if the government will eventually tax Roth distributions. A daughter asks how her 86-year-old mother should handle a $647,000 inheritance. Finally, Scott and Pat speak with a husband who wants to know when his wife should take Social Security.

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

Download and rate our podcast here.

Mortgaging the future

Sat, 30 Jan 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how listeners can plan for Social Security’s funding crisis, the impact of low-interest rates on public pensions, and what rising government debt could do to our future economy.

Scott and Pat advise a mother of triplets about how her children should invest gifts of $13,000 from their grandmother. A 33-year-old law enforcement officer asks how Social Security’s Windfall Elimination Provision could affect his future benefit. A caller asks if he should invest in passive or actively managed funds. Finally, Scott and Pat speak with a 24-year-old Coloradan who racked up $42,000 in debt and wants to know how he should handle the loans.

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

Lack of opportunity and disposable income

Sat, 23 Jan 2021 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss one of their favorite tax-savvy investment strategies and the key factors driving this bull market.

Scott and Pat advise an investor who wants to track his tax obligations on Roth conversions. A Seattle man asks how he can encourage his 61-year-old sister to start saving for retirement. A mother wants to know if her daughter, a student in medical school who overestimated how much she would need for tuition, should return approximately $17,000 that she overborrowed. Scott and Pat speak with a public employee in Illinois who asks how he should consolidate a 457-plan worth $180,000, and an IRA worth $30,000.

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

Download and rate our podcast here.

Free money and no-interest mortgages

Sat, 16 Jan 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss how low-interest rates are driving the market and why a Danish bank is offering 20-year mortgages at 0%.

Scott and Pat advise a marine who wants to save money for his six grandchildren. A Sacramento caller making $110,000 a year asks if he should continue to rent or if he should buy a home. A mother in California asks how Prop 19 will affect her plan to pass her house on to her children. Finally, Scott and Pat speak with a New York caller who wants to help her nephew refinance his $85,000 mortgage.

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

Download and rate our podcast here.

You cannot time the market

Sat, 09 Jan 2021 09:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the stock market’s perplexing surge, how bubbles have historically formed, and how disciplined investors can respond in the meantime.

Scott and Pat advise a law enforcement officer, with a yearly family income of $138,000, about when he can retire. A public school counselor is starting an e-commerce business and asks how she should form her company. Finally, a caller who was recently diagnosed with cancer asks how she can plan for her financial future.

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

Download and rate our podcast here.

Big financial resolutions versus incremental changes

Sat, 02 Jan 2021 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss things you can do to improve your finances right from the beginning of the year, and then look back at some of the best calls from 2020.

Scott and Pat advise a mother who wants to help her son save in an IRA. A caller asks if she should continue re-allocating her savings after having purchased $3,000 worth of bonds back in March. A man concerned about the national debt asks if he should invest in precious metals. Scott and Pat speak with a caller who cashed out his 401(k) before the market dropped and asks how he should re-invest. A caller who was recently laid off asks how he should handle his $1.7 million in savings. Finally, a California man asks if a $300,000 home equity loan advertised as “no-cost, no-fee” is too good to be true.

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

Download and rate our podcast here.

The heartwarming calls from 2020

Sat, 26 Dec 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat look back at calls from listeners looking to give back, start new businesses, and help their families.

Scott and Pat advise a single mother about saving money for her three children. A military veteran asks how he can gift a Required Minimum Distribution to his younger wife. A recent college graduate asks how he should invest $45,000. Scott and Pat speak with a charitably inclined caller who wants to know how the CARES Act affects his donations and tax deductions. A Rockland caller asks how he can help his aging parents living on $3,300 a month. Finally, a caller leaving his federal government career to start a new business asks if he should contribute to a Roth IRA.

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

Download and rate our podcast here.

Where Donor Advised Funds are helping.

Sat, 19 Dec 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the promising ways that charitable giving changed in 2020.

Scott and Pat advise a caller concerned about means testing who wants to know when he should collect Social Security. A Utah man with $340,000 saved from a home sale asks if he should use the money to pay down the mortgage on another new home. A mother with $2 million in a 401(k) asks how she can create a tax-efficient inheritance for her daughter. Scott and Pat advise a South Carolina man about buying a second rental property. Finally, a caller asks how she can help her daughter save $12,000.

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

Download and rate our podcast here.

Why we’re donating $1 million to help foster children.

Sat, 12 Dec 2020 06:00:00 -0700

On this week's Money Matters, Scott publicly discusses his experience as a foster parent for the first time. Scott and Pat then announce a new philanthropic endeavor called Allworth Kids, which will encourage people to help foster children, and includes a company-wide campaign to donate $1 million to the Ticket to Dream Foundation.

Scott and Pat advise a single father who wants to know if he should buy more life insurance or invest in the stock market to help his two daughters. A retired caller recently moved to Eugene, Oregon, and wants to know if she should buy a house for $400,000 in cash or take out a mortgage. Finally, a Mount Shasta caller asks if he should use his deferred compensation to buy an annuity.

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

Download and rate our podcast here.

When stock prices grow faster than earnings…

Sat, 05 Dec 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss end-of-year tax planning considerations in this uncertain political season, along with the reasons why they aren’t celebrating higher stock prices just yet.

Scott and Pat advise a California caller about a $36,000 Roth conversion. A father of three moved his family in with his in-laws and asks when he should buy a new home. A caller who is used to saving money asks how to feel comfortable spending in retirement. Finally, Scott and Pat advise a cancer survivor on how to invest $10,000.

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

Download and rate our podcast here.

A savings method that you may miss

Sat, 28 Nov 2020 06:00:00 -0700

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.

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

Download and rate our podcast here.

Financial advice from California to Guam

Sat, 21 Nov 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss new bi-partisan retirement legislation making its way through the United States Congress, and then take listener questions from around the globe.

Scott and Pat speak with a California state employee looking to save an additional $2,000 per month. A 58-year-old man asks how he should handle restricted stock options worth $300,000. Scott and Pat advise a caller on the differences between saving in a Roth and a traditional 401(k). A Cupertino caller asks if his 4.99% adjustable-rate reverse mortgage has a negotiable interest rate. Finally, a caller in Guam asks if she should refinance her existing mortgage before she moves to the states in a few years.

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

Download and rate our podcast here.

Are you smarter than the market?

Sat, 14 Nov 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the new ways that traders are trying to outsmart the broad stock market and the fundamental truths if you try to do so.

Scott and Pat advise a California man, with a net worth of $5.3 million, about his health insurance options if he retires early. A 71-year-old caller asks how she should invest $100,000 from a home sale. Scott and Pat speak with a man who asks if he should save in a backdoor Roth IRA. Finally, a caller nearing retirement asks how he can plan for income from multiple sources.

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

Download and rate our podcast here.

Politics, your investments, and what really matters

Sat, 07 Nov 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat interview Andy Stout, CFA, the Chief Investment Officer of Allworth Financial. They have a wide-ranging conversation about the presidential election, following a disciplined investment strategy, and the economic forces more important than the politician sitting in the Oval Office.

Scott and Pat advise a Cincinnati caller trying to help his 92-year-old mother cash out annuities worth $320,000. A Colorado man asks if he can save $19,500 a year in his 401(k) so he can collect a full Social Security benefit while working. Finally, Scott and Pat speak with a Sacramento woman who asks if she can afford to take a few years off work to care for her grandchild.

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

Download and rate our podcast here.

Ambient emotions and your financial decisions

Sat, 31 Oct 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the ways that temporary pandemic stress can affect your long-term financial decisions.

Scott and Pat advise a caller with $10 million in savings about how he can gift his assets and lower his tax bill. A Cincinnati caller making $150,000 a year consulting asks if he should expect means testing on his Social Security benefit. A California man with $875,000 in retirement savings asks if a Roth conversion is a smart move for his situation. Scott and Pat speak with a soldier in Hawaii looking for ways to save outside of his TSP. Finally, a California woman asks if she should sell her rental worth $400,000.

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

Download and rate our podcast here.

A Fool’s Game

Sat, 24 Oct 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the challenges of making financial decisions with aging parents and speak with several callers concerned about the presidential election impacting their investments.

Scott and Pat advise a California man with $1.5 million saved about a potential Roth conversion. A caller asks if he should convert some of the money in his 401(k) to cash before the presidential election. A retired caller asks if his wife should claim her Social Security benefit at age 62. A caller invested in target-date funds asks if a financial advisor is worth their fees. Finally, an 83-year-old tap dancer asks if she should buy an annuity for $300,000.

Click here to register for our 7 Personal Decision Points virtual retirement planning workshop.

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

Download and rate our podcast here.

The early retirement “choice.”

Sat, 17 Oct 2020 06:00:00 -0700

On this week's Money Matters, Scott and Pat discuss the pandemic's uneven economic effects and the reason why the cost of refinancing a mortgage will rise soon.

Scott and Pat advise a Colorado investor who, just before the market crash back in March, put half of his portfolio into energy stocks. (He wants to know if he should pull out of the market now.) A 62-year old caller with a $90,000 annual income wants to know when she should file for Social Security. Finally, a retired logistics manager with $4.6 million saved wants to know how he can lower his taxable investment income.

Click here to register for our 7 Personal Decision Points virtual retirement planning workshop.

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

Download and rate our podcast here.

Is COVID-19 changing the way you think about money?

Sat, 10 Oct 2020 06:00:00 -0700

On this week’s Money Matters, Scott discusses his experience contracting COVID-19. Scott and Pat also take several calls from investors who are considering changing their financial strategies based on the headlines.

Scott and Pat advise a Denver man who has 50% of his savings in Real Estate Investment Trusts and is considering selling his REITs. A caller put 95% of her retirement savings into government bonds in March and asks how she should reenter the stock market. Scott and Pat speak with a Charlotte woman who owes $360,000 on her mortgage and asks if she should try a velocity banking technique. Finally, a proud market timer asks if he should exit the market before the election.

Click here to register for our 7 Personal Decision Points virtual retirement planning workshop.

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

Download and rate our podcast here.

Calls about the pandemic and possible new retirement goals

Sat, 03 Oct 2020 05:59:00 -0700

On this week’s Money Matters, Scott and Pat look back at a few memorable calls from the height of the pandemic, before discussing some of the key reasons why more Americans want to work after retiring.

Scott and Pat speak with a caller concerned about putting the proceeds from a land sale into the market. A 73-year-old caller sold off the majority of his stocks and bonds and asks if he should repurchase his investments now that they are performing better. Scott and Pat advise a caller who left his job and asks how he should handle his old 401(k). A single mother wants to pull $70,000 of equity from her home to help her children pay for college. Finally, a Colorado caller inherited 25 ounces of gold and wants to know what he should do with the bullion.

Click here to read the Vanguard study Scott and Pat reference in the show.

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

Download and rate our podcast here.

Day traders, options, and a soaring stock market

Sat, 26 Sep 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss how options and online traders are boosting stock prices, and how that trend may end.

Scott and Pat advise a mother looking for more ways to save for her children’s future, while one son makes $30,000 a year selling Goldendoodle puppies. A caller asks if his mother should take her spousal benefit from Social Security while she is still working. A man holding international bonds yielding 5% per year asks if he should sell his investment. A caller who saved $1 million in a 403(b) asks if he should buy a rental property. Scott and Pat speak with a caller in Northern California looking for investments that provide safe retirement income. A caller asks if he should sell a universal life insurance policy he purchased in 1987. Finally, a caller asks if an annuity will help create the $7,000 he needs in monthly retirement income.

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

Download and rate our podcast here.

Are we in another dot-com bubble?

Sat, 19 Sep 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the Snowflake IPO, high valuations, and how to protect your retirement through the market’s ups-and-downs.

Scott and Pat advise a Santa Cruz caller looking to refinance his $1 million mortgage with some of the $2.7 million in his family’s savings. A conservative investor is inheriting $350,000 and asks how she should save. Finally, a 33-year-old mother with three properties asks if she should sell one of her rentals.

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

Download and rate our podcast here.

Rising home prices and negotiable rents

Sat, 12 Sep 2020 06:01:00 -0700

On this week’s Money Matters, Scott and Pat discuss real estate market trends and some concerning long-term economic risks.

Scott and Pat advise a man in Northern California, making $70,000 a year, about a potential Roth conversion. A caller who owes $150,000 on his mortgage asks if he should pay off the balance with money from his 401(k). A California woman asks if she should buy additional rental properties. Scott and Pat speak with a caller in Loveland, Colorado, earning $200,000 a year, and seeking to lower her taxable income. Finally, a golfer asks if a fixed annuity will help diversify his investments.

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

Download and rate our podcast here.

Clarity returns to the stock market

Sat, 05 Sep 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat explain how the recent stock market dip could benefit long-term investors. They also break down the essential differences between a financial advisor and a financial planner.

Scott and Pat advise a caller considering the potential pitfalls of a no-cost, no-fee $300,000 loan. A recently widowed caller asks how she should handle a $200,000 windfall from selling a house. Finally, a military veteran, who saved $2.8 million, asks if he should pay off his mortgage early.

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

Download and rate our podcast here.

Using your home’s equity

Sat, 29 Aug 2020 06:01:00 -0700

On this week’s Money Matters, Scott and Pat take several calls from listeners looking to refinance their mortgages.

Scott and Pat advise an airline mechanic considering refinancing his $1 million home to buy another rental property. An Atlanta man owes $196,000 on his $500,000 house and is looking to use its equity for income during his job search. A woman in Wichita, Kansas, with a net worth of $500,000, is considering a second home in Florida. A California caller asks if he needs additional insurance on his home’s title. Finally, Scott and Pat advise an Illinois retiree who is unsatisfied with his relationship with his current financial advisor.

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

Download and rate our podcast here.

Making sense of today’s stock market

Sat, 22 Aug 2020 14:55:21 -0700

On this week’s Money Matters, Scott and Pat interview Andy Stout, CFA and Chief Investment Officer of Allworth Financial, about the stock market breaking record-highs during a pandemic, and the importance of creating a disciplined investment strategy.

Scott and Pat advise a California caller, with $540,000 saved, who is considering a Roth conversion. A public school teacher also asks if he should purchase service credit in his pension for $63,000.

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

Download and rate our podcast here.

Is gold an investment or a commodity?

Sat, 15 Aug 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the problems with using gold as a long-term investment.

Scott and Pat advise a Sacramento caller concerned about the taxes on an inherited property worth $130,000. A Colorado engineer asks if he should collect Social Security and continue to work. Scott and Pat speak with a caller who wants to invest in a commercial real estate investment trust. A mother asks how she should pass her house deed to her children in an estate plan. Finally, a retired police officer in California asks if she should move to a low-tax state.

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

Download and rate our podcast here.

Retirement planning for couples

Sat, 08 Aug 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the unique financial planning challenges for married couples. They also break down the differences between Donald Trump's and Joe Biden’s tax proposals in an exclusive podcast segment.

Scott and Pat advise a Colorado man, with $2 million saved, about planning his retirement account distributions. A woman in California is trying to merge her vision of retirement with her husband's, who wants to continue working. Scott and Pat speak with a caller who is concerned about Social Security’s solvency. Finally, a recently laid-off husband, with $2.5 million saved, asks how he should take his pension.

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

Download and rate our podcast here.

Regaining your confidence about retirement

Sat, 01 Aug 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss methods to secure your financial future in an uncertain time.

Scott and Pat advise a Sacramento man who is considering a Roth conversion. A caller asks how he can help his parents who have a lapsed life insurance policy and are living on Social Security. A Denver caller has $3,000 per month to save and asks how he should allocate his money. Scott and Pat speak with a caller who is receiving some of his pay in restricted stock and wants to know how that compensation will impact his taxes. A caller with $1.7 million saved asks if he should lower his investment risk. Finally, a man in Northern California asks for some help with his plan to take Social Security.

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

Download and rate our podcast here.

Social Security’s funding crisis is here

Sat, 25 Jul 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the pandemic’s impact on the future of Social Security, and what it could mean for your benefit.

Scott and Pat advise a man regarding how much he should save in his company’s stock. A newlywed beekeeper asks how he should plan for his wife’s disability coverage. A Michigan caller, with a $96,000 yearly family income, asks if he should save in a Roth IRA. Scott and Pat speak with a recently laid-off worker with $2.5 million saved who is planning for his Social Security benefits. Finally, a Sacramento caller asks if a fixed annuity will help diversify his savings.

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

Download and rate our podcast here.

Shedding light on faulty investment ideas

Sat, 18 Jul 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the ways this pandemic is changing real estate, long-term care, and the energy industry. They also review some estate planning strategies that could go away.

Scott and Pat advise a Northern California woman looking for the best way to use her $785,000 pension. A caller asks if a collection agency can impact his ability to refinance a home. A postal worker in Manteca, California, asks what kind of mortgage she can afford. Finally, a government employee with a yearly family income of $210,000 asks if he should do a Roth conversion when he starts a new business.

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

Download and rate our podcast here.

Investing in a challenging market

Sat, 11 Jul 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the reasons why they don’t believe in market timing and the issues surrounding the Paycheck Protection Program.

Scott and Pat advise a caller looking to pay down his $176,000 mortgage. A man with 30% of his savings in one investment fund asks if his strategy is sound. A single mother with $125,000 in student loans asks how she should pay down the debt. Finally, Scott and Pat advise a Colorado woman looking to take out a loan to make her home handicap accessible.

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

Download and rate our podcast here.

How is your financial advisor paid?

Sat, 04 Jul 2020 06:01:00 -0700

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.

Sat, 27 Jun 2020 06:00:00 -0700

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?

Sat, 20 Jun 2020 06:00:00 -0700

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

Sat, 13 Jun 2020 06:00:00 -0700

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

Sat, 06 Jun 2020 06:00:00 -0700

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

Sat, 30 May 2020 06:00:00 -0700

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.

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?

Sat, 23 May 2020 06:00:00 -0700

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

Sat, 16 May 2020 06:00:00 -0700

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?

Sat, 09 May 2020 06:00:00 -0700

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

Sat, 02 May 2020 06:00:00 -0700

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.

Public pensions are in more trouble

Sat, 25 Apr 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the economic implications of negative oil prices, the second stimulus package, and potential state bankruptcies.

Scott and Pat advise a retired man looking to replace the $25,000 he took out as a Required Minimum Distribution at the beginning of the year. A mother of three asks how she can save for her three children. Finally, a California caller asks if she should invest in oil.

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

Download and rate our podcast here.

A recession is like a forest fire

Sat, 18 Apr 2020 07:00:00 -0700

On this week’s Money Matters, Scott and Pat interview Andy Stout, Chief Investment Officer of Allworth Financial. They discuss unemployment, the stock and bond market, and potential silver linings in this crisis.

Scott and Pat advise Cincinnati woman who asks how the CARES Act affects her Required Minimum Distribution. A caller, who is invested 45% in stocks and 55% in bonds, asks if his investments are allocated correctly for his needs and goals.

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

Download and rate our podcast here.

Today’s fear affects your long-term goals

Sat, 11 Apr 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat help you navigate the emotional roller coaster of today’s markets and avoid the potential mistakes that could wreck your retirement plans.

Scott and Pat advise a risk-averse caller, who reduced his stock and bond exposure, and wondering if his investments are allocated correctly. A 45-year-old caller, with $800,000 saved, cashed out his 401(k) in February and asks how he should get back in the market. Finally, a man who owes $260,000 on his mortgage asks if he should refinance his loan.

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

Download and rate our podcast here.

Taking control of your finances and staying sane

Sat, 04 Apr 2020 05:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss some ways that you can take control of your finances and look for opportunities in this challenging market.

The CARES Act and its impact on you.

Sat, 28 Mar 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat take a long-term perspective on the $2.2 trillion CARES Act. They discuss its potential impact on unemployment, your retirement, and more.

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

Download and rate our podcast here.

This too shall pass

Sat, 21 Mar 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the US government’s response to the economic fallout from the coronavirus. They also review the financial planning fundamentals that can help you through market turmoil.

A Sacramento caller asks if she should continue to rebalance her investments. A caller asks if he is performing a tax-loss harvest correctly. Scott and Pat advise a California woman who is concerned that she won’t be able to retire comfortably and considering buying an annuity. Finally, a caller asks if she should remodel her $650,000 home.

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

Download and rate our podcast here.

Special Edition: Reacting to the Coronavirus as an Investor

Tue, 17 Mar 2020 15:07:25 -0700

On this special edition of the Allworth Money Matters podcast, we cover the Coronavirus and current stock market turbulence. Scott and Pat discuss what you need to be focusing on right now as an investor.

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

Download and rate our podcast here.

Coronavirus and stock market turbulence

Sat, 14 Mar 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the coronavirus and recent stock market turbulence. They also interview Michael Mouriski, CPA and Vice President of Allworth Tax Solutions, about how you can prepare for the 2020 tax season.

A man in the Bay Area asks how much house he can afford. Scott and Pat advise a caller who is concerned that legislative changes will impact his Social Security benefit. Finally, a caller in Cincinnati, who is a year-and-a-half away from retirement, asks if a Roth conversion will lower his future tax burden.

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

Download and rate our podcast here.

The SECURE Act & the Impact on Estate Planning

Sat, 07 Mar 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the least trustworthy industries, lawsuits against equity-indexed annuity companies and setting beneficiaries when it comes to retirement accounts.

Scott and Pat speak with a caller who is debt-free and still employed but wants to know if he should use money from his 401(k) to pay off his mortgage. Estate planning attorney, Clark Allison joins Scott and Pat to talk about how to set-up beneficiaries for retirement accounts. A Dallas caller wants to know if he needs a fiduciary advisor. A woman is curios whether a Roth IRA can be gifted. Finally, a caller in Colorado asks if she should invest using a Solo 401(k).

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

Download and rate our podcast here.

Are you concerned about market turbulence?

Sat, 29 Feb 2020 06:00:00 -0700

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

Sat, 22 Feb 2020 06:00:00 -0700

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.

Sat, 15 Feb 2020 06:00:00 -0700

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

Sat, 08 Feb 2020 06:00:00 -0700

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?

Sat, 01 Feb 2020 06:00:00 -0700

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.

Stock prices don’t tell the whole story.

Sat, 25 Jan 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the stock market’s continued rise, and why they’re paying close attention to company earnings.

Scott and Pat advise a caller with $2.8 million in Apple stock who is considering using the money to pay down his mortgage. A man in Washington asks if he can write-off the costs of his home renovation on his taxes. Scott and Pat speak with a man in Roseville who wants to join an online stock trading group. Finally, a caller in Southern California asks if he should take out a loan to purchase a $35,000 muscle car.

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

Download and rate our podcast here.

Financial products for aging Americans

Sat, 18 Jan 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the reasons why some advisors target aging Americans to buy unnecessary financial products.

Scott and Pat advise a man in Somerset who is helping his mother protect the proceeds from her home sale. A man in Northern California asks how he should plan for his Social Security benefit. A caller asks how she can determine the value of a property’s mineral rights. Finally, a man who saved $500,000 asks if he should sell his rental to pay off his primary mortgage.

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

Download and rate our podcast here.

Is your financial advisor a full-time fiduciary?

Sat, 11 Jan 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the allegations surrounding a well-known financial advisor who called himself a fiduciary and potentially hid his conflicts of interest. They also talk about the SECURE Act’s passage and what it means for your retirement.

Scott and Pat advise a mother trying to save $100,000 for her children’s college education. A caller asks if he can cash out his pension early. Finally, a New Jersey business owner asks if he should prioritize saving in a traditional or Roth 401(K).

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

Download and rate our podcast here.

Become and remain financially independent

Sat, 04 Jan 2020 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the steps that you need to take to become financially independent.

Scott and Pat advise a woman, with $400,000 in taxable accounts, who is considering opening a 401(k). A man in Northern California making $400,000, with $600,000 saved, asks what he needs to do to have a comfortable retirement. Finally, an Atlanta caller asks if he should prioritize his Roth or traditional accounts.

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

Download and rate our podcast here.

Financial New Year’s Resolutions

Sat, 28 Dec 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat provide examples of how you can improve your finances in 2020.

Scott and Pat advise a Bay Area woman considering her Social Security options as a non-working spouse. A caller asks if she can roll her 401(k) into a Roth account. A man in Indiana with $44,000 in debt asks how he should prioritize his payments. A man with $200,000 in family income asks where he should save more.

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

Download and rate our podcast here.

When should you consider a Roth conversion?

Sat, 21 Dec 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss why $1.8 billion may disappear in a private placement investment.

Scott and Pat advise a caller with $360,000 in his IRAs who’s considering a Roth conversion. A 68-year-old woman asks if she should continue delaying her Social Security benefit. A retired Navy veteran asks where he should prioritize his saving. Scott and Pat speak with a man who saved $1.5 million and is concerned that he missed the Roth conversion window. Finally, a Vermont caller asks if his Social Security benefit will be “means-tested.”

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

Download and rate our podcast here.

End-of-year tax planning

Sat, 14 Dec 2019 06:00:00 -0700

On this week’s Money Matters, Michael Mouriski, CPA and Vice President of Tax Solutions at Allworth Financial, joins Scott and Pat to discuss tax planning strategies for the end of the year.

Scott and Pat advise a Colorado caller looking to consolidate his four investment accounts. Also, a retiree in Lodi asks if he should pay down the mortgages on his rental properties with some of the $750,000 saved in his IRA.

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

Download and rate our podcast here.

Put your power of attorney and advance healthcare directives in place.

Sat, 07 Dec 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the importance of having difficult financial conversations. They also talk about your options with a Thrift Savings Plan in a podcast exclusive segment.

Scott and Pat advise a caller in Northern California, with $1.6 million saved who wants to know where to place her RMD. A man planning for Social Security asks if his calculation is accurate. A 26-year-old caller in South Dakota wants to establish credit but doesn’t know how. Finally, a Sacramento man facing a civil lawsuit asks how he can protect his assets.

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

Download and rate our podcast here.

If you are a high earner, take Social Security ASAP.

Sat, 30 Nov 2019 06:00:00 -0700

On this week’s Money Matters, Pat and Allworth advisor David Schauer discuss why high earners should take Social Security sooner rather than later. In a podcast exclusive segment, they discuss how your risk tolerance can change your investment strategy.

Pat and David advise a janitor who saved $460,000 and wants to gift all of his assets to charity. A Nevada man asks if he should take a higher distribution from his investments. A caller with $2 million asks if his investments can generate more income. Pat and David advise a Denver man looking for a safe, short-term investment. Finally, a woman expecting $150,000 asks how she should invest.

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

Download and rate our podcast here.

Where do bonds fit in your savings?

Sat, 23 Nov 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Pat and Allworth advisor David Schauer discuss how you can use bonds in a low interest rate environment.

Pat and David advise a California woman who gained $1 million from a home sale. A government worker, who owes $316,000 on a mortgage and student loans, asks if he should prioritize his debt or retirement savings. A man with $200,000 in family income asks if he should fund a new IRA. Pat and David advise a property owner trying to defer his capital gains taxes. Finally, a caller asks if he should buy more bonds.

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

Download and rate our podcast here.

The broken promises of indexed annuities.

Sat, 16 Nov 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Pat and Allworth advisor David Schauer discuss the mechanics of indexed annuities, and why the broken promises of one insurance company led to a significant lawsuit.

Pat and David advise a California woman looking to leave her IRA savings to her loved ones. A man who owes $212,000 on his house asks if he should prioritize his mortgage or retirement saving. Pat and David speak with a San Antonio caller who is concerned about China’s impact on his investments. Finally, a man making $160,000 a year asks how he should maximize his savings.

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

Download and rate our podcast here.

Prepare your retirement savings for the next downturn.

Sat, 09 Nov 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss how you can create a disciplined investment strategy.

Scott and Pat advise a Denver man trying to save more and pay down a $450,000 mortgage. A caller is taking a $540,000 inherited IRA through probate. A man who has improved his credit score wants to know if he should refinance his mortgage. A California woman is expecting $1 million from a home sale and, having been burned by a financial advisor before, wonders how and where she should invest. A caller nearing retirement asks if there is a way around the Windfall Elimination Provision. Finally, a woman within six months of retirement asks how she should prepare.

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

Who gets caught in modern Ponzi schemes?

Sat, 02 Nov 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss how a $1.3 billion Ponzi scheme ensnared many retail investors.

Scott and Pat advise a Georgia woman trying to lower taxes on her $900,000 IRA. A concerned man asks if his bank can seize his savings. A pensioner is deciding between a $1.4 million lump sum or $8,000 monthly payout. Scott and Pat advise a New Jersey caller who wants to leave a $100,000 perpetuity for his favorite charity. Finally, a Denver man asks if a traditional or hybrid long-term care insurance policy is better for him.

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

The We Company’s flopped IPO

Sat, 26 Oct 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss The We Company’s IPO failure, and why huge investments aren’t always intelligent ones.

Scott and Pat advise a California man who purchased a $300,000 annuity and is considering purchasing another. A caller who saved $2.8 million asks if he’s following the correct Social Security claiming strategy. A woman who quit her corporate job to become a farmer is deciding how to take a $125,000 pension. Finally, a caller with half of her money in cash and half in Johnson & Johnson stock asks if she should allocate differently.

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

Can you really afford your car?

Sat, 19 Oct 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the rising length of auto loans, and what it means for you.

Scott and Pat speak with a caller concerned about meeting her Required Minimum Distributions from different retirement accounts. A saver with $500,000 asks if an annuity is right for him. Scott and Pat advise a pastor looking to lower his taxes. A retired dog walker, who saved $2.2 million, asks if a Roth conversion is right for him. Finally, a man closing in on retirement wants to know if he will be able to live comfortably.

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

Want a lower mortgage rate? Just ask.

Sat, 12 Oct 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss how you can potentially save on your current mortgage, and General Electric’s pension woes.

Scott and Pat advise a caller with a $1.5 million home who’s considering using its equity. A Colorado man asks if he should consolidate his credit card debt with his mortgage. A caller going through a job change asks how he should roll over his investments. Finally, Scott and Pat speak with a man expecting a $600,000 inheritance who is looking to grow and protect the money.

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

Is Facebook a monopoly?

Sat, 05 Oct 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the potential break-up of big technology companies, including Facebook, Google, and Amazon.

Scott and Pat speak with a caller looking to protect an injury settlement from her $66,000 tax debt. A real estate investor asks if he should sell a $350,000 rental property. A man in his 80’s, with $200,000 in student loans, asks if he should pay off the balance. Finally, Scott and Pat advise a widow who wants to collect Social Security and go back to work.

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

A financial model can say whatever you want

Sat, 28 Sep 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss The We Company’s troubled IPO, and why good stories don’t always make good investments.

Scott and Pat advise a man who may be gifting money that he can’t afford to give away. A father with four kids asks how to handle the extra money in their 529 plans. A caller living in Italy asks how she can save $1,500 a month for retirement. Scott and Pat discuss an IRA withdrawal strategy with a Sacramento man who saved $1.5 million. Finally, a woman with $3.5 in net worth asks if she should immediately take Social Security at age 62.

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

A disturbing investment trend

Sat, 21 Sep 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the appeal and hidden pitfalls of purchasing an equity-indexed annuity.

Scott and Pat talk about the potential issues of early retirement with a Cincinnati man who saved $1.4 million. A caller asks about the tax implications of using a Health Savings Account. Scott and Pat advise a Dallas man who is troubled by the rising fees in his 403(b). Finally, a younger caller asks if she should consolidate her student loans.

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

A $700,000 yearly income and no retirement savings.

Sat, 14 Sep 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the benefits of a Health Savings Account, and why a high income does not equal a secure retirement.

Scott and Pat take a question about the tax implications of saving in a Health Savings Account. A caller with $5.5 million saved asks if he should do a Roth conversion. A Kansas City man is close to hitting the maximum for his yearly 401(k) contributions. Scott and Pat advise a daughter who is wondering when to sell her mother’s house. A Roseville man’s wife has $40,000 in a Canadian retirement fund and wants to know the best way to handle the money.

In a segment exclusively for podcast listeners, Scott and Pat discuss how to transfer property.

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

Bernie Sanders meets Scott

Sat, 07 Sep 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss why tax planning in your fifties can save you money down the road. Scott also tells the story of his chance encounter with Bernie Sanders.

Scott and Pat advise a man who has a $120,000 per year pension about when he should take Social Security. A caller has $50,000 in IRAs and wants to avoid taxes on her distributions. A man with $3 million saved is considering an annuity. A risk-inclined caller asks about “tactical allocations.” Finally, a woman asks who she should choose to be the executor of her will.

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

What do negative interest rates mean for you?

Sat, 31 Aug 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss why trillions of dollars are invested in negative interest debt.

Scott and Pat advise a caller who may be gifted a $525,000 home. A man in North Carolina has $320,000 and wants an income-producing investment. A caller asks if she should invest in REITs. Scott and Pat advise a caller expecting a worker’s compensation settlement. A woman asks how she should invest in her 80’s. Finally, a caller asks how she can save for her grandchildren’s college expenses.

And in a segment exclusively for podcast listeners, Scott and Pat talk about Roth conversions.

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

Would you disown your child to cut college costs?

Sat, 24 Aug 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the rising trend of parents disowning their children to qualify for financial aid.

Scott and Pat advise a caller considering selling his house to pay for $50,000 in credit card debt. A Denver woman wants to adjust her IRA for Required Minimum Distributions. Scott and Pat speak with a caller concerned that his pension will affect his Social Security benefit. Finally, a mother asks how to leave property to her daughter.

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

Volatility is back: What Does That Mean for Your Investment Strategy?

Sat, 17 Aug 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the current volatility in the markets, the negative yield curve and what that means for you and your savings.

Scott and Pat advise a retired caller on whether to keep or sell her rental property. A husband and wife plan to retire in two years and want to know what they can do with their current investments to prepare. Finally, a recent retiree wants to know if she should take a lump sum or a monthly stream of income on her pension plan.

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

The next Bernie Madoff could be lurking in your neighborhood

Sat, 10 Aug 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss how you can protect yourself from some common investment frauds.

Scott and Pat advise a California caller who is concerned that she is investing too conservatively. A mother of seven children asks when she should take Social Security. A man with Universal Life Insurance asks if he can cash out the policy. A caller asks how he can efficiently gift stock. Scott and Pat speak with a former public employee asking if he should combine his multiple retirement accounts. Finally, a caller asks if he should create a donor-advised fund.

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

Making Money by Making Mistakes

Sat, 03 Aug 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss what happens when investors accidentally purchase stocks. They also talk about why hot stocks usually cool off.

Scott and Pat advise a newly-minted retiree about how to lower his Required Minimum Distributions. A caller is considering buying supplemental Medicare insurance that costs $60,000. A man wants to invest in a Master Limited Partnership. A pension recipient with $1.5 million saved asks if an annuity is right for him.

In a segment exclusively for podcast listeners, Scott and Pat discuss the SECURE Act’s potential impact on your IRA.

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

Who is on the other side of your stock trades?

Sat, 27 Jul 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss why day traders often lose money in the long-run.

Scott and Pat advise a California man who is concerned about the future of his pension. A Colorado caller wants a second opinion on his charitable giving strategy. A mother is considering early retirement to live near her college-bound son. Finally, a young military veteran with $350,000 saved asks if he should invest in a rental property.

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

Be skeptical about private placements

Sat, 20 Jul 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the hidden risks in private placement investments.

Scott and Pat speak with a caller looking to diversify by investing (or speculating) in gold. A Vacaville man with $1 million saved asks what a safe withdrawal rate is for him. A Los Angeles caller asks if she should refinance her mortgage. Scott and Pat advise a caller who is considering drawing Social Security based on her incarcerated ex-husband’s work history. A man with $2 million saved asks if he should buy long-term care insurance. Finally, a caller asks if Social Security’s Windfall Elimination Provision will affect his benefit.

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

Should you use your 401(k) to pay down your mortgage?

Sat, 13 Jul 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the pitfalls of putting a rental property in your IRA. In a podcast exclusive, they talk about what to do with a deceased spouse’s retirement accounts.

Scott and Pat advise a Colorado caller, with more than $1 million saved, if she should contribute to a Roth 401(k). A Sacramento caller asks if he should bolster his savings or pay down his debt after withdrawing his 401(k) savings to pay for his children’s education. A veteran asks Scott and Pat if he can refinance his wife’s mortgage. Finally, Scott and Pat speak with a government employee who is considering rolling over his 457 account to an IRA.

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

Upcoming legislation could affect your retirement

Sat, 06 Jul 2019 06:01:00 -0700

On this week's Allworth's Money Matters, Scott and Pat discuss how a new retirement bill, the SECURE Act, could affect you.

Scott and Pat advise a South Carolina caller who is considering purchasing a $130,000 investment property. A small business owner asks how he can save for retirement and help his employees. A Sacramento caller with $200,000 saved is considering putting more in a Roth 401(k). Finally, a retired caller asks if gold is a good investment to hedge the stock market.

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

Protecting yourself, and loved ones, in later years

Sat, 29 Jun 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss handling money, estate planning, and other financial considerations for someone with dementia.

Scott and Pat advise a Cincinnati caller about Social Security’s windfall elimination provision. A man with $80,000 of stock in an ESOP asks how the gains will affect his tax situation. A debt-free caller asks if he should save in a Roth or traditional 401(k). Finally, a caller with $3 million in savings asks how she should take her pension.

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

An upcoming Supreme Court case could affect your retirement.

Sat, 22 Jun 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss an upcoming Supreme Court case and the implications for your 401(k). They also unveil a new segment exclusively for podcast listeners.

Scott and Pat discuss savings priorities with a Denver man with $150,000 in his 401(k) who wants to move out of his mother’s house. A Sacramento caller who heard about fixed annuities on the golf course wants a second opinion. A divorced man asks how he can check his Social Security benefits based on his ex-wife’s record. Finally, a caller asks what happens if he collects Social Security and continues to work.

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

Will the new fiduciary rule change the advice you receive?

Sat, 15 Jun 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss a new SEC rule that could make financial advice more transparent, and then dissect the recent stock market rally.

Scott and Pat speak with a retired teacher who wants to know if Social Security might reduce his spousal benefit. A caller who quit her job is concerned that she does not have enough money to retire comfortably. A Utah man with $1 million saved in a traditional 401(k) asks if he should contribute to a Roth 401(k). Finally, Scott and Pat advise a caller who wants to protect her assets from long-term care expenses.

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

Is a Roth 401(k) a good option for you?

Sat, 08 Jun 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss a subset of loans that have them concerned. 401(k) specialist, Jairo Gomez, joins the show to talk about how you can make the most out of your retirement savings plan.

Scott and Pat advise a caller in Northern California considering long-term care insurance. A woman with a $600,000 home asks if she should take out another loan to pay off her mortgage. Finally, a caller asks if he should save in a “rich man’s Roth.”

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

A special announcement from Scott and Pat

Mon, 03 Jun 2019 06:00:00 -0700

This Saturday, June 8th, we are taking your calls from 8:00 a.m. to 11:00 a.m PT. Secure your spot by emailing questions@moneymatters.com or call us at 1-833-999-6784.

How much could new retirement legislation impact you?

Sat, 01 Jun 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss how much, or how little, a new retirement bill could impact you.

Scott and Pat speak with a caller with $1.4 million saved who is considering his investment options after being laid off. A California man wants to help his parents get the cash from a $100,000 life insurance policy. Scott and Pat advise a Cincinnati woman who received a $1.2 million inheritance. Finally, a Wisconsin caller asks how her son should pay for a used car.

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

Today’s IPOs are not like ones in the past.

Sat, 25 May 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss why companies like Uber and WeWork are going public, and what you should consider before investing.

Scott and Pat advise a federal employee about her investment allocation. A woman in Northern California wants to help her daughter attend a college that costs $43,000 per year. A Cincinnati man is considering selling $15,000 of Fifth Third Bank stock to contribute to 529 plans for his young children.

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

When capital chases a product, prices increase.

Sat, 18 May 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the economic forces that created the student debt crisis.

Scott and Pat speak with a California man who wants to give all of his assets to charity after his death. A woman owes $230,000 on a rental and wonders if she should sell the property. A long-time listener wants to reduce his investment risk as he nears retirement. Finally, a man holding $3.5 million in Proctor & Gamble stock asks Scott and Pat if he should diversify away from the company.

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

Advice for graduates and their parents

Sat, 11 May 2019 06:00:00 -0700

Graduation season is here! On this week’s special edition of Allworth’s Money Matters, Scott and Pat offer advice to graduates and their parents.

Scott and Pat take a call from a woman in Colorado who wants to know if she’s better off collecting Social Security based on her ex-husband’s record. Also, a Denver caller asks if her financial advisor is charging her a fair rate.

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

Bad investment products are sold, not bought.

Sat, 04 May 2019 06:00:00 -0700

On this week’s Allworth’s Money Matters, Scott and Pat discuss the sandwich generation’s difficult balance of saving for retirement versus helping their families.

Scott and Pat speak with a caller who is upset about paying an increased premium for her $50,000 universal life insurance policy. A Wisconsin man wants to keep his elderly parents from running out of money. A Sacramento caller is worried he may not have access to his money from an insurance policy. Scott and Pat advise a caller making $300,000 who’s worried he may lose his job. Finally, a Minnesota caller with $630,000 in savings checks in to see if he’s on the right track to retire well.

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

The Hot Industries of Today Will Not Be Hot Tomorrow

Sat, 27 Apr 2019 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about how companies change within industries.

Scott and Pat speak with a caller about whether his wife can take her own Social Security benefit first and then switch to a spousal benefit when he retires. A caller wants to sell a rental property and do a tax-free exchange into an opportunity zone fund. A man from Sacramento wonders how fee-based advisors can recommend mutual funds if they don’t take commissions. A caller recently lost his mother and wants to know how he should handle the money that was not in his mother’s trust. Finally, Scott and Pat question how it’s possible that we are in a bull market, but public pensions are still woefully underfunded.

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

Help your grandchildren, but not at the expense of your retirement.

Sat, 20 Apr 2019 06:00:00 -0700

Celebrating Easter, this week’s Money Matters is a look back at some of the show’s most memorable calls. Scott and Pat also discuss how many grandparents are helping grandchildren at the expense of their retirements.

Scott and Pat speak with a woman who would like to rollover an annuity that she bought for her daughter. A caller wants to make her $750,000 IRA less risky. A man is concerned about the future of Social Security. Scott and Pat speak with a man trying to turn the sale of a $400,000 property into retirement income. Finally, a woman in California wants to leave a house to her daughters, one of which has cancer.

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

Stocks don’t know that you own them

Sat, 13 Apr 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss the wave of tech companies going public and introduce a new retirement frame of mind.

Scott and Pat speak with a caller who is worried about a diminishing pension and wants to cash out. A man in Northern California is facing an early retirement and asks what he can do with $463,000 in savings. A caller is selling a rental property worth $350,000 and wondering what his tax liability will be. Finally, Scott and Pat advise a Colorado man considering a $175,000 “air time” purchase for his pension.

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

The Red Flags of Bad Investments

Sat, 06 Apr 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about the fundamental economic problem facing the legal marijuana market.

Scott and Pat speak with a man in South Carolina who wants to maximize his and his wife’s Social Security benefit. A couple had $2 million stolen by an advisor who billed himself as a fiduciary. They want recourse. A man with $8 million in savings is considering a Roth conversion. A New Jersey caller with $400,000 saved wants to know what accounts he should prioritize. Finally, a man in Elk Grove is worried about the stock market and wonders if his investments are allocated correctly.

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

Who are reverse mortgages right for?

Sat, 30 Mar 2019 06:00:00 -0700

Tax Season is Here

Sat, 23 Mar 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about some ways you can get ready for tax time, and the myth about filing an extension.

Scott and Pat talk to a man in Denver who wants to change his adjustable life insurance. A Colorado caller says his employer is phasing out his 401(k) and giving only one option. A woman asks how she should save for her children’s college education. A Sacramento man with $1.5 million saved and a $75,000 pension is concerned the market is overheating and considering municipal bonds. A financial advisor is selling a man with $2 million in savings a variable annuity.

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

Will Social Security be a third rail topic?

Sat, 16 Mar 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about why Social Security may or may not be a huge issue in the 2020 presidential election. Scott and Pat also discuss Hanson McClain’s transition to Allworth Financial.

Scott and Pat talk to a man in Folsom who has $147,000 in a bond fund and an advisor trying to move his money. A San Louis Obispo caller is considering buying rental properties for tax write-offs. A retiree collecting a disability benefit asks if he can collect Social Security based on his ex-wife’s record. Finally, a man in Oakland weighs investing $1 million in an S&P 500 or the total stock market fund.

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

Social Security’s Uncertain Future

Sat, 09 Mar 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat discuss their beliefs about the future of Social Security, and who may feel benefit cuts.

Scott and Pat talk to a woman in Rancho Cordova who is expecting a divorce settlement and asks what she should do with the money. A man with $800,000 saved is considering using his money to pay down his mortgage. A caller in Indiana is concerned about how his wife will get taxed on an inheritance. A woman with $1.4 million worth of properties wants to sell a house and open an RV park.

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

We understand insurance. We don’t sell insurance.

Sat, 02 Mar 2019 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the student loan crisis, and an insurance convention that inspired them to take a different career path.

Scott and Pat talk to a woman with $2 million who wants to know the best way to leave money for her kids. A man in California asks if he should transition to a Roth. A nurse was laid off and asks how she should take her pension. A high-earning couple in their 50s wants to save in places other than a 401(k). A California caller asks if his wife can take a reduced Social Security benefit and then a $1,100 monthly spousal benefit.

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

The problem with marijuana stocks.

Sat, 23 Feb 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about why marijuana companies may not be a great investment opportunity, as well as the importance of a personalized Social Security strategy.

An Alabama caller with $1.2 million in savings is considering long-term care insurance. A man in Northern California asks when he and his wife should take Social Security. A woman in Nashville wants to help her son, who is refusing to save for retirement. A 45-year-old man asks if he actually needs an advisor. Finally, a caller saving $23,500 a year asks if he can retire by age 50.

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

Inflation can be your greatest danger in retirement.

Sat, 16 Feb 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about the market’s recent upswing, and why your investing emotions and investing actions should be two separate things.

Scott and Pat talk to a man in his 30s who wants to improve his retirement savings. A caller has $44,000 cash in a universal life policy and asks if she should surrender the insurance. A California man has a $175,000 boat loan in addition to a big mortgage on a rental property. He wants to know what he should pay off first. Finally, a caller with $1.2 million in a Thrift Savings Plan asks if there's a better place for her money.

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

Insurance companies are in the same market as you.

Sat, 09 Feb 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about the resurgence of unconventional mortgages, or “liar loans.” Scott and Pat also have an exciting announcement about Hanson McClain Advisors.

Scott and Pat take a call from a woman trying to leverage her house to buy more property. A man wants to close his deceased sister’s IRA. A caller in Northern California bought an index annuity with all of the money in his Thrift Savings Plan and regrets his decision. Finally, a 44-year-old woman has $100,000 saved from an insurance payout after her husband passed and wants to help her children.

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

Revenue sharing can change your advisor’s view.

Sat, 02 Feb 2019 06:00:00 -0700

Scott and Pat talk about how a seemingly small change in fees can cloud your advisor’s view, and the current state of the market.

A caller anticipating a $200,000 inheritance asks if he should use the money to pay down a mortgage. A man in his 30s is expecting a baby and wants to make up for a late start saving. A caller with a $60,000 home equity loan asks if he can use it to save on taxes. Finally, a salesman is pitching a Sacramento woman a costly life insurance policy that she doesn’t need.

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

What the new tax law means for mortgages.

Sat, 26 Jan 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about how the new tax law may change the way you want to pay off your mortgage. Scott also talks about a bank teller who tried to move his checking account for “safety” reasons.

Scott and Pat speak with a woman in Sacramento with $300,000 in an IRA who wants advice about where to put extra money. A caller in Northern California is debating if he should pay off his mortgage early. A caller in the Bay Area wants help prioritizing his savings after his employer changed plans. A man with chronic illnesses is expecting a $200,000 settlement and asks how he should use the money. Finally, a caller who got a late start saving asks how he should catch up.

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

The real value of sound financial advice.

Sat, 19 Jan 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about a client who almost paid $25,000 in additional taxes after taking costly advice from a big-box financial firm.

Scott and Pat speak with a caller who is considering spending $35,000 on air-time for a pension. A Bay Area man asks why financial advisors do not work by the hour. A caller in Northern California has $300,000 in stock and is worried about capital gains taxes. A college professor in Texas wants advice before buying a $500,000 annuity. A 50-year-old man in Sacramento is deciding between a lump sum or monthly payouts on his pension.

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

An investment philosophy is half the equation.

Sat, 12 Jan 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about the pension trouble facing government entities and companies like Pacific Gas and Electric. They also discuss the danger of using a retirement strategy based on just a few assumptions.

Scott and Pat take a call from a mother whose daughter has cancer and a lot of debt. She wants to know how to financially protect the grandchildren without the creditors taking the assets. A caller in Minnesota asks if an immediate annuity makes sense for his elderly mother. A retiree asks about Social Security’s windfall provision. A caller with $1.3 million wants protection from outliving his money.

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

Investing Doesn’t Need to be Complicated

Sat, 05 Jan 2019 06:00:00 -0700

On this week’s Money Matters, Scott and Pat talk about the simple moves that you can make to improve your financial footing in 2019.

Scott and Pat take a call from a California man who wants to sell his property for $250,000 and buy an out-of-state apartment complex. A 33-year old woman in Missouri wants a better way for her self-employed husband to save for retirement. A man in Northern California had a friend tell him that he made a 30% return investing in real estate and wants to know if he should get in. A 70-year-old man has all of his savings in stock and an advisor pitching him an annuity.

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

Investing in Yourself is Saving

Sat, 29 Dec 2018 06:00:00 -0700

Rounding out the year, this week’s Money Matters is a look back at more of the most memorable calls from 2018. Scott and Pat also talk about some money moves that you can make to kick off 2019.

Scott and Pat take a call from an engineer who wants to leave money for his children. A woman in her 40’s wants to save for retirement, help her son pay for college, and start a new career. A caller wants to help his elderly mother invest in the stock market. A mother is planning to change jobs and wants to help her son pay for college. A son got his now-deceased grandmother to co-sign a student loan, and the father is concerned about the estate. Finally, Scott and Pat advise a retiree who wants to ensure her pension will also help her husband.

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

Happy Holidays – Best of Show

Sat, 22 Dec 2018 06:00:00 -0700

Celebrating the Holidays, this week’s Money Matters is a look back at some of the most memorable calls from 2018.

Scott and Pat talk to a charitably-inclined caller who wants to give stock to a non-profit. A man wants to know if it’s a good idea to “invest” in cryptocurrencies and precious metals. A retiree with an $80,000 yearly pension is concerned about Social Security’s future. One of the show’s youngest callers gets help deciding where to go to college. A man suspects his current advisor is not a real fiduciary after being put in high-fee mutual funds. Finally, Scott and Pat help a divorced veteran who wants to save for retirement and his daughter’s college education.

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

Hope is Not an Investment Strategy

Sat, 15 Dec 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat look back on the cryptocurrency boom and bust, and why the values of long-term investing are best learned through experience.

Scott and Pat take a call from a man in Denver who wants to know if he should take his mortgage into retirement. A woman in Colorado put $260,000 of her inheritance in expensive annuities and is worried about the stock market’s ups-and-downs. A man in the Bay Area considers renting his $1.5 million house through retirement. Finally, Scott and Pat take a call from state employee in Roseville who is concerned about the future of California’s state pension.

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

Giving is a healthy discipline for your finances.

Sat, 08 Dec 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat lay out the tax-smart strategies for charitable giving during the holiday season or any time of the year.

Scott and Pat take a call from a husband who wants to contribute to his wife’s IRA. A father gets advice for his daughter and her husband to save for the future while the couple lives in San Francisco. A 66-year-old man is having trouble with the market’s ups-and-downs. A self-employed couple making a combined $70,000 per year want to get started saving for retirement. A woman in her 30s wants to know what Scott and Pat think of the FIRE movement; “Financial Independence, Retire Early.”

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

Don’t confuse the broad stock market with one company.

Sat, 01 Dec 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about client reactions to the current market and the meaning of diversification.

Scott and Pat take a call from a man who wants to sell his rental property to pay off a mortgage. A 63-year old caller with $63,000 in debt learns he’s a long way from retirement. A woman wants to know exactly how much she’s paying her advisor. A 30-year-old making $105,000 a year asks if he’s on track for a secure and sustainable retirement.

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

Thanksgiving Best of Show

Sat, 24 Nov 2018 06:00:00 -0700

In celebration of Thanksgiving, this week’s Hanson McClain’s Money Matters radio show is a best of show with the top calls from the year.

Scott and Pat take a call from a man who has Parkinson’s and wants to know how he should invest his retirement savings. A woman wants to know if she and her husband should start taking withdrawals from their IRA. A caller wants to know if she should pay off her rental properties with her 401(k). A man is calling on behalf of his wife who has been let go from her company after over 30 years of service and is unsure of what to do next. A caller has a military pension, and he wants to know if his retirement plan is on track. Finally, Scott and Pat discuss a voicemail from an annuity wholesaler.

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

Baby Boomers are Unretiring

Sat, 17 Nov 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat discuss why more retirees are heading back into the workforce, and the upside of fewer pensions.

Scott and Pat encourage a caller to stop considering her vacation property a fantastic investment. A retired military officer with an extra $3,000 in monthly income wants investment advice. A man moving to Mexico with his wife wants to avoid taxes when he sells his American condo. A caller with $50,000 in credit card debt wants to know how to handle his debt and pension.

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

The Problem with Investing in Timber

Sat, 10 Nov 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the problem with timber as an investment and the importance of diversification.

Scott and Pat take a call from a man who wants to know if he should take his pension as a lump sum or as a monthly annuity. A caller has a mortgage of $500,000 and wants to know if she should use her 403(b) to pay it down. A 50-year-old police officer would like to retire and wants to know if he should use his retirement savings to pay off his mortgage. A caller lost his wife and needs advice on what to do with the proceeds from a life insurance policy.

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

FANG Stocks and the Importance of Diversification

Mon, 05 Nov 2018 12:50:51 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about how the FANG stocks (Facebook, Apple, Netflix, and Google) have been carrying the market and how the bond market is responding. They also touch on the importance of diversification.

Scott and Pat take a few calls on whether or not to pay off the mortgage. They take a call from a woman who is currently retired and wants to know if she should pay off her mortgage or not worry about it. And a caller who has a variable interest rate and wants to know what’s the best way to pay off her primary home.

The Current State and Trend of Today’s IPO Market

Sat, 27 Oct 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the current state of the market, particularly the IPO market.

Scott and Pat take a call from a man who wants to know if he should purchase a universal life insurance policy. A caller wants to know where he should invest the money he made from the sale of a property. A caller received an inquiry from a financial advisor. He asked the advisor if he was a fiduciary, to which he replied: “I can be.” Can an advisor really be a part-time fiduciary?

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

Avoiding Taxation on Required Minimum Distributions

Sat, 20 Oct 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about a new permanent tax law and its impact on required minimum distributions.

Scott and Pat take a call from a 65-year-old man who inherited $75,000 and wants to know if he should pay off his home or invest the money. A woman owns a rental home in Southern California, and she wants to know what will happen if Proposition 10 passes. A caller owes $33,000 in student loans and wants to know if he should invest more money.

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

Current volatility in the market, and the basics of reverse mortgages.

Sat, 13 Oct 2018 06:00:00 -0700

Scott and Pat begin this week’s show with a conversation about the current volatility in the market. They then take a call from a man who inherited $60,000 and wants to know where to invest the money in a low-risk investment. A caller who has worked for a company for a number of years must deal with a big change to his 401(k). A disabled couple who own their home wants to know if a reverse mortgage is a good idea. And, finally, a caller who filed for bankruptcy due to medical expenses has a couple of complex financial questions.

The Demise of the DOL Fiduciary Rule and What It Means for You

Sat, 29 Sep 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the DOL fiduciary standard and take several calls.

Scott and Pat take a call from a man who is a union employee and wants to know if he can save more and contribute to a Roth IRA and his company’s 401(k). A woman was advised by an advisor to sell her rental property and set-up a charitable remainder fund, and she wants to know if that is the best option. A caller with a pension and $400,000 in an IRA wants to know how he should save for an emergency fund. Lastly, a woman and her husband retired early with over 3.5 million in retirement savings in addition to a pension, and they want to know which pension option they should select.

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

How You Should Think About Your Social Security Benefits

Sat, 01 Sep 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about Social Security and how you should think about those benefits.

Scott and Pat take a call from a man who wants to know if he should invest in Bitcoin or join a Bitclub. Then a man wants to know what he could do to contribute to his employees’ retirement savings since his partner no longer wants to contribute to their profit sharing plan. Lastly, a caller wants to know if he should liquidate one of his accounts and pay off his mortgage before retiring at the end of the year.

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

Preparing Your Finances and Delaying Retirement

Sat, 28 Jul 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about why it might make sense to work a little longer and delay retirement, even if it’s just an additional 6 months.

Scott and Pat take a call from a man who inherited two properties, and wants to sell one, but doesn’t know how he should invest the money. A successful investor wants to know if he should continue to focus on real estate. A man wants to know if it’s better to rent or own a home in the current market. A couple wants to know if they have too much stock exposure. A man about to take a sabbatical has an interesting dilemma with his 401(k). Lastly, a son wants to know how his reasonably healthy 102-year old father should invest a recent real estate windfall.

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

The Impact of Life Expectancy on Pensions and Social Security

Sat, 14 Jul 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the impact that living longer has on your money, including pensions and Social Security.

Scott and Pat take a call from a man who is self-employed and has a Solo 401(k), and wants to know how he should select a broker to help him manage his retirement assets. A caller and his wife have about $1,600 worth of discretionary income each month, and they want to know if they should pay down their mortgage to prepare for retirement. A man inherited $10,000 from his parents, and he wants to know what he should do with the money to help it grow over time.

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

Saving for Retirement & Investing Profits

Sat, 30 Jun 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls addressing everything from saving for retirement to investing the profits from the sale of a property or business.

Scott and Pat take a call from a man who recently met with a financial advisor who is trying to sell him a life insurance policy and he wants to know if it’s a good investment. A caller is planning to sell his engineering business and would like to understand the best way to invest the proceeds of the sale. A man with a college-age daughter would like to “gift” his daughter $10,000 for education but wants to know if that gift is tax deductible. A 67-year old man purchased land when he was in college and is now planning to sell the land and wants to know what he should do with the profits to generate retirement income. A caller owns property in a neighborhood she would like to leave and wants to know if it makes sense to do a 1031 exchange to a new property. A woman in her 40’s works for an employer who recently dropped her 401(k) plan and she wants to know what’s the best way to continue to save for retirement.

How to Afford Retirement & Your Child’s College Education

Sat, 23 Jun 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters radio show, Scott and Pat take several calls and talk about how to afford retirement and paying for a child’s college costs.

Scott and Pat take a call from a man who is retired but working on contract, must take his required minimum distributions and doesn’t need the money but wants to know what he should do with the money. A caller recently met with a financial advisor who told him to refinance his mortgage and increase his contributions to his retirement accounts instead of paying off his mortgage, and he wants to know if that is good advice. A man who is looking for a financial advisor wants to what he should be researching when trying to find a well-qualified financial advisor. A caller’s wife was let go after 30 years with her company, and the husband wants to know if she can afford not to go back to work and retire.

Rising Interest Rates and Retirement

Sat, 16 Jun 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters radio show, Scott and Pat take several calls and talk about rising interest rates.

Scott and Pat take a call from a man who has a discretionary retirement account and wants to know what withdrawal rate he should use. A caller who has Parkinson’s disease wants to know how he should manage his real estate portfolio given that he is unsure of how long he can work. A woman wants to know how much money she needs to retire comfortably. A caller plans to retire soon and wants to know if her husband can afford to retire with her. A woman with Whole Life insurance wants to know if she should stop paying into the policy.

Best of Show: Retirement Planning and Underfunded Pensions

Sat, 26 May 2018 06:00:00 -0700

This week’s Hanson McClain’s Money Matters is a “best of” show featuring our top retirement focused calls. Scott and Pat also talk about underfunded pensions and what it might mean for retirees.

Scott and Pat take a call from a man who’s due to inherit $80,000 and wants to know how to use the money to prepare for retirement. A couple who used to contribute to non-deductible IRAs back when their income was higher, wants to know what type of retirement account(s) they should roll the funds into. A caller with $1.6 million in retirement savings, and who is due to receive a monthly pension of $2,800, wants to know if he’ll be able to afford a mortgage of $2,200 once he stops working. A Bay Area woman with two rentals asks if she should cash out her 401(k) to pay off the loans. A man who owns a home in Reno, has a $4,000 a month pension, and $35,000 in an IRA, wants to know if he has enough income to retire.

The Changing Landscape of Retirement

Sat, 19 May 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the concept of retirement and how financial planning needs to fit into the new retirement. They also take several calls on everything from tax planning to retirement income planning.

Scott and Pat take a call from a man who wants to know what his withdrawal rate should be for a retirement account that is a discretionary fund. A woman who is 53, wants to know how she can go back to school, work and save for retirement. A woman’s husband is getting a $100,000 bonus, and she wants to know what they can do to reduce their tax burden. A man is planning to stop working in three years and wants to know if he should buy a retirement home in Reno, and then rent it out until he retires and sells his current home.

Having Too Much Company Stock Can Be Risky

Sat, 12 May 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the potential risks that exist when an investor is overweighted in their company’s stock. They also take several calls and talk about how financial planning is a dynamic process that should evolve and change as an investor’s life changes.

Scott and Pat take a call from a man who wants to know if he should purchase a whole life insurance policy. A woman who has a $100,000 in a 401(k), wants to know if she should move the money to CD ladders to avoid risk. A caller’s mother has gifted her $14,000 and planned to gift her more money; the caller wants to know how much she can be gifted before she will owe taxes. A man who is 66 wants to know if he should take his Social Security or wait until his full retirement age at 70.

Don’t Let the Fear of Missing Out Drive Your Investment Decisions

Sat, 05 May 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the mismanagement of retirement savings, and how the fear of missing out drives people to take on more risk than they should. They also take several calls on everything from Social Security to 401(K) management.

Scott and Pat take a call from a woman who previously worked in the private sector and is now interested in working for the federal government and wants to know if she would lose her Social Security benefits. A woman is calling on behalf of her husband and wants to know what to do about the limited options in his 401(k). A man has $60,000 in cash that he needs to keep semi-liquid and doesn’t want to take on much risk but wants to know where he should invest the money. A man who has several rental properties and wants to know if he should stop contributing to his 401(k) and only invest in real estate. A 60-year-old man who has a pension that nets about $1,000 a week after taxes and health care, wants to know if he should take Social Security at 62 or wait until his full retirement age.

Social Security and Pension Planning

Sat, 28 Apr 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls about Social Security, before discussing how to plan for retirement when you have a pension.

Scott and Pat take a call from a man who wants to know how the talks of trade tariffs will affect his retirement. A 74-year-old man with a government pension wants to know if he is being short-changed on his Social Security benefits after working and paying into the fund for over 30 years. A caller, whose mother co-signed a student loan for her grandson just before she died, wants to know if the estate is still responsible for the loan. A 62-year old caller with an $80,000 a year pension is concerned that Social Security might not be around much longer. He wants to know if he should apply now or wait until later.

Interest Rates and Real Estate Investing

Sat, 21 Apr 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls, then discuss the potential for continued interest rate increases and the pros and cons of investing in real estate.

Scott and Pat take a call from a 70-year old woman who needs to take a required minimum distribution and wants to know which of her retirement accounts she should draw down first. Next, a caller wants to know what Scott and Pat think about the financial writer Harry Dent Jr. Later, a caller whose husband in poor health must make some difficult pension decisions regarding future benefits. Lastly, a caller wants to know if his retirement account beneficiaries are legally protected and, if so, whether he still needs a living trust.

The Problem with Annuities

Sat, 31 Mar 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls and talk about the problem with annuities, playing a voicemail they received from an annuity wholesaler.

Scott and Pat take a call from a woman who is 70 years old and wants to know how much money she should have in stocks versus bonds. A caller attended a living trust seminar and wants to know if he and his wife need one. A 59-year-old woman was laid off and wants to know if she should cash out her 401(k) and pay off her rental home and condo or sell the condo and move back to her rental home. Lastly, a caller wants to know if he should purchase long-term care insurance and if so what kind.

The Top 5 Retirement Income Decisions Facing Older Workers

Sat, 10 Mar 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about a new study on retirement income decisions from Stanford’s Center on Longevity.

Scott and Pat take a call from a man who wants to know if he should purchase a retirement home in Nevada now and rent it for two years until he is ready to retire. A woman who has a whole life insurance policy wants to know if she should cash out the policy or hold on to it. A recent widow is calling to determine at what age she can start collecting on her husband’s Social Security benefit. Lastly, a caller wants to know how he can avoid capital gains taxes when selling company stock he inherited.

The Value of Good Financial Advice

Sat, 03 Mar 2018 06:30:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls and talk about the importance of getting the proper retirement advice.

Scott and Pat take a call from a man who pre-paid his property taxes for 2017 and wants to know if that was the right choice and if there have been any changes to the new tax law that would keep him from claiming those property taxes. A caller wants to know if he should take the joint and survivor annuity pension option that his company is offering. A woman who inherited an IRA from her mother wants to know what she should do with the IRA and how soon she needs to make a decision. A caller who recently made a Roth conversion before the age of 59½ wants to know if there is anything he can do to mitigate the tax consequences and how he should go about paying the taxes in the future. Lastly, a couple disagrees on when to take distributions from their IRA, and want Scott and Pat’s opinion to be the deciding factor.

Estate Planning with the New Tax Laws and the Stock Market

Sat, 17 Feb 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about estate planning with the new tax laws and the current state of the stock market.

Scott and Pat take a call from a caller who received a large windfall from his employer's pension plans and wants to know how to mitigate the increase in his Medicare premiums. A caller wants to know what he and his wife should do with the money she inherited. A woman inherited money from her father and wants to know if the money will be taxed. A man calls on behalf of someone else and wants to know what the maximum Wind Fall Elimination program reduction would be for a teacher who wants to retire at 62. Lastly, Scott and Pat welcome Andrew Kroll, Estate Planning & Asset Protection Attorney at Kroll Law Offices, P.C.

Tax Law Changes and Cryptocurrency

Sat, 10 Feb 2018 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat interview a CPA from Denver to talk about the new tax law changes and they talk about the state of Cryptocurrency.

Scott and Pat take a call from a caller who has several rental properties want to know how much money he should have in an emergency fund. A man who has an indexed based annuity wants to know what he should do with the rider. A caller wants to know if he should contribute his $16,000 bank of accruals disbursement into his Roth or 457. A man calls on behalf of a friend who is going through a divorce and needs help making a community property decision regarding a CalPERS pension account. A retired military vet wants to know if he and his wife have enough to retire comfortably. Lastly, Scott and Pat welcome Bill Holben, Managing Partner of Holben Hay Lake Balzer CPAs in Denver, Colorado, to talk about the new tax law.

Annuities, Income Withdrawal Strategies, and Paying Down the Mortgage

Fri, 26 Jan 2018 18:00:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat take several calls including one from the son of a widowed mother who is trying to help his mom with her financial situation now that dad is gone, and a gentlemen who wants to know if he should change his withdrawal strategy from his IRA’s based upon the new tax law.

Scott and Pat take a call from a women who lives in Minnesota and wants to know if there are options for older workers who do not want to leave the workforce. A caller recently retired and wants to know if she should pay off her mortgage with her money market account. A caller is calling on behalf of his widowed mother and wants to know if they should invest the money from her annuity in the stock market. A man who has a large retirement savings wants to know if given the new tax laws he should adjust his retirement income withdrawal strategy. A caller’s wife is a nurse but doesn’t currently have a retirement plan provided by her employer and wants to know where she should save to lower their combined taxable income. Lastly, a women who owns an annuity but doesn’t need the money wants to know if she should annuitize her variable annuity now.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

What the New Tax Law Means for you and your Money

Fri, 12 Jan 2018 18:30:00 -0700

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the new tax laws and what it will mean for you, and they take a call from a man deciding between a monthly pension and a lump sum.

Scott and Pat take a call from a man who is a disabled vet and wants to know if he can retire from his part-time job and be financially secure. A caller wants to know if he should take a monthly pension or a lump sum from his current employer. A man who is still working at 70 ½ and wants to know if he has to take his minimum distribution and if he can still contribute to his 401(k) through his current employer. A caller wants to know if he should purchase a $40,000 a year Universal Life Insurance policy. Lastly, a caller recently refinanced to a 15 year mortgage and wants to know if her and her husband should be making extra payments to get the mortgage paid off even sooner.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

On this week’s Hanson McClain’s Money Matters, Scott and Pat take a series of calls about real estate, before analyzing a disturbing Wall Street trend designed to get you in debt.

Sat, 19 Aug 2017 06:00:00 -0700

Scott Hanson and Pat McClain answer a call from a person who has accrued a lot of debt and is curious about borrowing from his retirement account. This is followed by a question about the tax implications of selling a valuable home. Next, a conversation about the latest Wall Street approach to get you to borrow more money. Lastly, Scott and Pat welcome Denver-based advisor Keith Johnson who discusses a difficult situation where a person came to him who had received questionable advice about an inheritance.

Paying for the care of an elderly parent, when to lower investment risk, and what a financial advisor should be doing for you.

Sat, 12 Aug 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat take several calls, and discuss three things that you should do before selecting an advisor. Next, they talk to a caller who wants to know how best to go about taking her required minimum distributions. Then, they talk to a caller looking to take care of his ill father for as long as possible. Later, they discuss what a financial advisor should really be doing for you, followed by a question from a caller about if she is exposing herself to too much risk.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Protecting your children from the pitfalls of a large inheritance, and strategies to deal with forced retirements or the loss of healthcare.

Sat, 05 Aug 2017 06:00:00 -0700

On this show, Scott and Pat field numerous calls, including answering a question about protecting children from the downside of a large inheritance, which is followed by a difficult case where a couple is both being forced to retire early. Next, a call about meeting medical expenses during retirement. Lastly, Scott and Pat welcome HMA’s David Cox, an advisor with the company for over 20 years, who shares an important story about a long-time client who came to him with the news that she had only months to live.

Young people and the best approach to investing, 529 plans, and special guest, long-time Hanson McClain advisor Barbara Healy.

Sat, 29 Jul 2017 06:00:00 -0700

The program begins with a call from a 22-year old Washington resident who wants to start preparing for retirement. Scott and Pat then discuss early experiences that led them to want to understand money. Next, a caller asks about 529 plans, what are they used for, and is there any flexibility once they’ve been funded? Lastly, HMA’s Barbara Healy visits the show to talk about the financial impact of losing your spouse, including an analysis of which decisions need to be made right away, and which decisions can wait.

How Money Matters came to be, when an inheritance might be bad for the kids, and what to do with massive student loan debt.

Sat, 22 Jul 2017 06:00:00 -0700

Scott and Pat open the show with a recap about how Hanson McClain’s Money Matters came to be. That is followed by a trio of callers, including a person who is worried about leaving too much money to her children. Our second caller is a devoted, career teacher still carrying a heavy student loan debt load. Next, a caller from the Midwest has accrued $1.6 million, has a pension and a dairy farm, but needs some specific financial advice. Lastly, special guest Hersh Shefrin, PhD., joins the program to discuss the 2008 financial collapse and behavioral finance.

Unusual reasons it’s important to be financially prepared for retirement, and how to avoid common regrets once you leave the workforce.

Sat, 15 Jul 2017 06:00:00 -0700

This week’s show begins with a conversation about the type of client-centric, non-self-serving advice Scott and Pat provide. This is followed by a series of callers that begins with a question about Social Security and “file and suspend.” Simply, where did it go? Next, a caller who has saved almost $2 million, but feels, based on his lifestyle, that it might not be enough. The episode culminates with a visit from 20-year HMA advisor, our Chief Investment Officer, David Schauer, who checks in with an interesting client story about health savings accounts and IRAs.

The 4th of July, A Pensioner with Social Security, and Special Guest, Age Wave’s Maddy Dychtwald

Sat, 08 Jul 2017 06:00:00 -0700

Scott and Pat reminisce about the 4th of July, then answer a pensioner’s question about when he should take Social Security. Next, a caller who is just now recovering from the 2008 financial collapse wants to know if she should buy a home or keep saving for the future. Lastly, special guest, author and demographics expert Maddy Dychtwald discusses economic trends, retirement and immigration.

Properly “weighting” your portfolio, timing markets, and listener calls from around the country.

Sat, 01 Jul 2017 06:00:00 -0700

A discussion about why it’s important that callers to Money Matters be able to remain anonymous. Scott and Pat take a call from a new retiree who receives money from a 403(b), a pension, and an inheritance that she wants to be moved to a new advisor. A Seattle tech employee wants to learn about “factor investing,” and why it’s out of favor. This is followed by a caller wondering how to “time” his Social Security application to maximize his benefits. Lastly, HMA advisor Lauren Williams shares an uplifting story about guiding a client through an unfortunate series of personal and professional tragedies.

The ABCs of preferred stocks, Section 8 inheritance limits under HUD, and the “true” value of investment property.

Sat, 24 Jun 2017 06:00:00 -0700

The show begins with a conversation about the types of savers and investors Money Matters is most likely to get calls from. The first caller on today’s program wants to know about the ABCs of preferred stocks. Can you invest in them conservatively, and why aren’t they as popular as they once were? Next, a conversation about unscrupulous advisors, followed by a question about Section 8 housing and inheritance limits under HUD. They then take a question about the “true” value of investment property over the long term. Finally, Money Matters welcomes Emily Brandon, Senior Editor for U.S. News and World Report.

Leveraged Exchange Traded Funds, Amazon Stock and Dangerous Annuities

Sat, 17 Jun 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: A caller asks about investing in leveraged ETFs. Next, a caller prompts an explanation of the best time to take distributions from investments, followed by a question about paying back a 401(k) loan versus contributing to a Health Savings Account. Scott and Pat then discuss the rise of Amazon stock, and how it impacts investing habits. Lastly, Hanson McClain advisor Pat Henry shares a story about a retired teacher who was sold multiple bad annuities.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Is it a good time to sell a home?

Sat, 10 Jun 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: a caller asks if he should take or defer his Social Security while he continues to work. Scott and Pat then help a caller understand how to access Roth 401k contributions once it’s been converted to a Roth IRA and they’ve retired. A caller asks if it’s a good time to sell a home. Finally, Hanson McClain Advisor Steve Burnett shares a story about working with a person over many years as they prepared for retirement.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

An Interview with the Father of the 401(k) Plan

Sat, 03 Jun 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to a caller about how his wife’s disability income will be affected when he begins receiving Social Security. A caller then asks how to invest an inheritance to prepare for retirement. Next, they discuss the labor shortage and the ramifications it will have on the economy. Lastly, in a special interview, Scott and Pat welcome Ted Benna, the man commonly known as the inventor of the 401(k), America’s premier retirement savings vehicle.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Living abroad during retirement

Sat, 20 May 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to a caller about taking a lump sum instead of monthly payments on a defined benefit pension plan. Next, they discuss Morgan Stanley’s recent purge of their Vanguard mutual funds. Then, a caller asks about what to do with the funds from her home sale as she moves into an independent living facility. Lastly, a caller requests advice on retiring abroad.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

How to raise children to make smart financial decisions

Sat, 13 May 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to a caller about what to do with savings from a 401(k). Next, a caller asks about the steps to prepare well for a retirement 5 years in the future. Plus, a discussion with Janet Bodnar of Kiplinger’s magazine about educating children so that they make smart financial decisions.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

How do you know if your advisor has your best interests in mind?

Sat, 29 Apr 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to a caller that wonders if his advisor is giving him unbiased investment advice? Next, a caller asks a question about rolling over an IRA from her former employer, followed by a call about taxes owed on an inheritance. Lastly, Scott and Pat talk to veteran CNBC correspondent, Jane Wells, about her investigative story on the changing concept of retirement.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

What to do with $400 million in lottery winnings

Sat, 22 Apr 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to a caller that claims to have won over $400 million in the Powerball lottery, and wants to know how to invest his winnings. Next, a caller asks a question about spousal contributions to an IRA. Then, a call about protecting savings from being used for medical or nursing expenses. Scott and Pat then discuss how to convert a 401k into monthly income. Lastly, Hanson McClain advisor Dave Cox shares a client story about early retirement.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

What is a hedge fund?

Sat, 15 Apr 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss equity options for an inherited property. They then talk about the ins and outs of hedge funds. Next, Scott and Pat answer a question about a whole life policy that a parent purchased for a child years ago. They then talk about retirement saving options if you don’t have a 401k. Lastly, Scott and Pat welcome Hanson McClain advisor Justin Wilson who has advice about financing college for children, and how to best start preparing kids for the future.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Living a fulfilling retirement through aging well

Sat, 08 Apr 2017 06:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss large inheritances with a novice investor. They then take a call about the best time to let go of life insurance. Next, Scott and Pat answer a question about commercial bridge loans. Lastly, they speak with Dr. Ruth Finkelstein of the Columbia Aging Center to learn about the secret to aging well.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Saving enough money for retirement

Sat, 01 Apr 2017 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Pat begins the show with the story about how he went viral online … AGAIN. Next, Scott and Pat talk to a caller asking about the risk posed to our economy by the national debt. Next, they talk to a caller who lost all his money during the economic downturn and wants to know how best to invest the $20,000 he has left. Next, a discussion about how much money you need to save for retirement. Lastly, Scott and Pat talk to Hanson McClain Advisor Barbara Healy about a time she helped a client in need prepare for retirement.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Investing large sums of money in the current market, and the feasibility of rental properties

Sat, 11 Mar 2017 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk about what you can do if you have a large sum of cash to invest. They then talk about why rental properties may make sense for some portfolios. Next, they help callers with their financial questions. Lastly, Pat and Scott talk to Paula Span, a veteran journalist who has written the New Old Age, a column on aging and caregiving for the New York Times, since 2009.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Mortgage-backed Securities, Investment Allocations Heading into Retirement, and an Interview with Kevin Knull, Thought Leader in the Financial Industry

Fri, 24 Feb 2017 15:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat take a call about converting rental property income to mortgage-backed securities. They then talk to a state worker looking to retire in the next few years, who wonders if she should invest more aggressively with assets she won’t immediately need. Finally, a discussion with financial industry thought leaderleader Kevin Knull, president of PIEtech and creator of MoneyGuidePro, the industry’s leading financial planning software.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can also submit a question at questions@moneymatters.comat any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Tax tips, disappearing pensions, and windfall insurance settlements

Sat, 11 Feb 2017 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk about “financial advisors” that act as fiduciaries some of the time, while acting like sales people at other times. Then, they talk to a caller about his “frozen pension” after his employer discontinued their pension option. Next, they counsel a caller on how to invest a large insurance settlement she recently received from an accident. Lastly, they talk to Steven J. Olds, CPA of Williams & Olds, CPAs about tax tips for this tax season.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can also submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

An interview with Leigh Steinberg, Esq., the real-life Jerry McGuire

Sat, 28 Jan 2017 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to sports agent Leigh Steinberg, Esq. (upon whom the Academy Award winning Tom Cruise movie Jerry McGuire is based), as he describes how he helps sports’ biggest stars manage their windfall salaries to last beyond their careers. Also, Pat and Scott take calls about retirement savings and investments.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can also submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Fiduciary standards under President Trump, portfolio allocations, and paying off your mortgage

Sat, 21 Jan 2017 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss potential changes to the fiduciary standard under the Trump administration. They then take calls about RMDs and little known facts about DNO insurance. Finally, a conversation about complex portfolios is followed by a discussion about paying off your mortgage.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can also submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

Protecting yourself from identity theft and annuities

Sat, 14 Jan 2017 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk to Robert Siciliano, personal security and identity theft expert about ways to protect your finances and credit. Pat and Scott then take listener calls, before discussing the dangers of annuities.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can also submit a question at questions@moneymatters.com at any time to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

The tax implications of Charitable Giving Accounts, saving enough for retirement, and dangerous indexed annuities to avoid

Sat, 07 Jan 2017 00:01:00 -0700

On this week’s special edition of Hanson McClain’s Money Matters: Scott and Pat take questions from listeners for an entire hour! First, a call about the tax deductibility of charitable giving accounts. Next, they take a call from someone wondering if they have saved enough to last through retirement. They then talk to someone about reinvesting money from indexed annuities. Lastly, Scott and Pat give their opinions on the utilization of reverse mortgages in retirement.

If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766) at any time to be scheduled to be featured on a future show.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics. Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Jan 6

Thu, 05 Jan 2017 06:30:00 -0700

This week

Money Matters New Year’s Eve Special

Sat, 31 Dec 2016 00:01:00 -0700

On this week’s special edition of Hanson McClain’s Money Matters: Scott and Pat talk about financial resolutions to consider to help you achieve your financial goals in the new year.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Money Matters Holiday Generosity Special

Sat, 24 Dec 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with five of the charities that clients of Hanson McClain Advisors actively work with and support. First, Scott and Pat talk with Dave Chaix, representing Friends of Vinh Son Montagnard Orphanage, located in Vietnam. Next, they talk with Ed Kaufmann from Friends of the Folsom Zoo Sanctuary. Then, Jennifer Bulotti, a founding board member of 3 Strands Global Foundation, speaks about an organization dedicated to ending human trafficking. Scott and Pat then talk to Rob Geyer, board member of Triumph Cancer Foundation. Finally, Suzanne Plopper, of Friends of Burkina Faso, shares stories around the projects that Peace Corps volunteers work on in Burkina Faso. Each organization is rewarded with a surprise from Hanson McClain as a show of gratitude for the work that they do.
Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

How financial literacy affects financial decisions, after-tax dollars in a 401(k) and pension distribution options

Sat, 17 Dec 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss whether financial literacy relates to making better financial decisions with John Lynch, Director of the Center for Research on Consumer Financial Decision Making. Pat and Scott then revisit donor advised funds. Finally, they take a listener call before interviewing one of Hanson McClain’s advisors, Keith Johnson.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Visualizing your future self to help you save for retirement, and how to select a financial advisor

Sat, 10 Dec 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss how visualizing your future self helps motivate you to save for retirement with Hal Hershfield, Assistant Professor of Marketing at UCLA’s Anderson School of Management. Pat and Scott then discuss the three things you need to know before selecting a financial advisor. Finally, they take a listener call before interviewing one of Hanson McClain’s advisors, Barbara Healy.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.
Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Overcoming age discrimination, a discussion on bond market volatility, and what rising interest rates mean for your home’s value

Sat, 03 Dec 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss ways to overcome age discrimination with Helen Dennis, a nationally recognized leader on issues of aging, employment and retirement. Pat and Scott then discuss the recent volatility in the bond market. Next, they talk about what rising interest rates mean for your home’s value. Finally, they take a listener call before interviewing one of Hanson McClain’s advisors, Justin Wilson.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.
Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Getting involved in the “Gig” economy during retirement, and maximizing tax savings when you give to charity

Sat, 26 Nov 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Fran Maier, Co-founder and CEO of Babierge.com, about how retirees can take advantage of the new “Gig” economy. Pat and Scott then discuss strategies to maximize tax savings when donating to charity. Finally, they take a listener call before interviewing one of Hanson McClain’s advisors, Adam Peters.

The changing view of retirement, tax strategies for your portfolio, and the dangers of trying to predict market cycles

Sat, 19 Nov 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Paul Irving, Director of the American Society on Aging and the author of "The Upside of Aging: How Long Life Is Changing the World of Health, Work, Innovation, Policy, and Purpose." Pat and Scott then discuss tax strategies that can benefit your portfolio. Later, they talk about the danger of following gurus who claim they can predict market cycles. Next, they take a listener call. Finally, they interview one of Hanson McClain’s advisors, Pat Henry.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.
Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

The election and your finances, investor psychology, and saving for retirement

Sat, 12 Nov 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Professor Terrance Odean from the Haas School of Business at UC Berkeley about investor psychology and how to avoid making irrational financial decisions. The show starts off with them talking about the election results and how it may affect your finances. Later, they take a call from a listener looking for advice on saving for retirement. Finally, they interview one of Hanson McClain’s advisors, Lauren Williams.

Interview with Carol Fishman Cohen of iRelaunch, what the election means for your money, and an interview with HMA’s Laurie Kyro

Sat, 05 Nov 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Carol Fishman Cohen, CEO and Co-Founder of iRelaunch, a service for professionals seeking to return to work after a hiatus and for employers recruiting from this talent pool. Next, they talk about the election, and what that might mean for your finances. They then take calls from listeners looking for financial advice. Finally, they interview one of Hanson McClain’s advisors, Laurie Kyro.
View Carol Fishman Cohen ‘s TED talk here.
Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics. Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Interview with Dr. Bill Thomas, a retirement relationship expert, active vs. passive investing, and options for Social Security

Sat, 29 Oct 2016 00:01:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Dr. Bill Thomas about graceful aging, creativity, and the dignity of cultivating relationships with friends and loved ones. Next, they talk about how investing may be moving from active to more passive trends. They then take a call from a listener looking for advice about when to take social security. Finally, they interview HMA’s Chief Investment officer, advisor David Schauer.
Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics. Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Turning skill and passion into income during retirement, the changing view of retirement, and advisor stories with Dave Cox

Sat, 22 Oct 2016 01:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Jeff Williams, chief coach for Bizstarters.com, which helps Boomers turn a skill, idea or interest into an income-producing enterprise. Next, they talk about society’s changing view of retirement. They then take calls from listeners looking for financial advice before interviewing one of Hanson McClain's advisors, Dave Cox.
Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics. Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Best international retirement destinations, unethical financial companies, and proactive planning to save money during retirement

Sat, 15 Oct 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Art Koff, CEO/Founder of RetiredBrains.com, about the ten best international destinations for retirees. They then discuss the recent headlines regarding financial companies accused of unethical behavior. Lastly, they interview one of Hanson McClain's advisors, Justin Wilson. Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics. Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Purposeful retirements, the value of a note on a property, and financial planning during a family emergency

Sat, 08 Oct 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat speak with Dr. Rich Feller about leading a purposeful, happy existence in retirement. They then discuss longevity and how it is changing today’s view of what it means to be over 65. Next, they talk to a caller about the value of a note on a property. Lastly, they interview one of Hanson McClain’s longest-tenured advisors, Barbara Healy, about a unique experience she had financial planning for a family emergency.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Renowned author Kerry Hannon on how to make work fulfilling again, along with unique 401k distribution strategies

Fri, 30 Sep 2016 14:05:32 -0700

Scott and Pat speak with author and speaker Kerry Hannon about how to make work fulfilling again. They then discuss the proposed changes to Roth IRAs that could hurt investors. Lastly, they interview one of Hanson McClain’s longest-tenured advisors, Pat Henry, about unique 401k distribution strategies.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics. Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Chris Farrell of Marketplace Money, rising interest rates, and having enough money during retirement

Sat, 24 Sep 2016 08:00:00 -0700

Scott and Pat speak with Chris Farrell, economics editor for Marketplace Money and author of Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life. Scott and Pat also discuss rising interest rates and how that may affect your retirement. Next, they talk to a caller who’s worried about having enough money to retire. Lastly, they interview one of Hanson McClain’s longest-tenured advisors, Dave Cox, about an interesting client experience he had.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

The changing face of retirement, behavioral finance, and bypass trusts

Sat, 17 Sep 2016 08:00:00 -0700

Scott and Pat talk to Catherine Collinson, President of Transamerica Institute® and Transamerica Center for Retirement Studies® about the radical new face of retirement. Scott and Pat also discuss behavioral finance and how it can affect your retirement transition. Next, they interview one of Hanson McClain’s advisors, Denver-based Adam Peters, about a unique and interesting client experience he had. Lastly, they talk to a caller about bypass trusts.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Discovering your passions in retirement, and the impact of low interest rates on the stock market

Sat, 10 Sep 2016 08:00:00 -0700

Scott and Pat talk to Nancy Collamer, a specialist in helping people discover their career passions in retirement or semi-retirement. Scott and Pat also discuss the impact of low interest rates on the stock market. Next, they talk to Hanson McClain Advisors’ Chief Investment Officer, David Schauer, about some unique and interesting client experiences he’s had. Lastly, they talk to a caller about what to do with a windfall from the sale of a property.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Contributing to an IRA in retirement, preparing investments for retirement, and state employee service credit

Sat, 03 Sep 2016 08:00:00 -0700

Scott and Pat take a question from a widow looking to both retire and still contribute to her IRA. Next, we take a question from a teacher looking for last minute investment guidance ahead of retirement. Lastly, a question from a state worker asking about buying back service credit.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Labor productivity and your retirement, finding purpose later in life, and ways to turn around a struggling business

Sat, 27 Aug 2016 08:00:00 -0700

Scott and Pat talk about what the recent changes to labor productivity mean for your retirement. They follow that up with an interview with retirement coach Larry Jacobson, author of Top 5 Retirement Planning Secrets. Lastly, Pat and Scott speak with a caller who is looking for a way to make a struggling business become profitable.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Dangerous new investment scams, tax tips, and ways to save extra money for retirement

Sat, 20 Aug 2016 08:00:00 -0700

Scott and Pat talk about new investment scams that are wreaking havoc on savers. They follow that up with a discussion on tax planning with Kristina Mapes, CPA, a partner at Van Erp, Petersen, & Babcock , LLP. Lastly, Pat and Scott talk to a caller who wants to know how to establish an emergency fund for retirement.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Dangerous investments, emotionally preparing for retirement, using money to accomplish your dreams, and how to fund a grandchild’s education

Sat, 13 Aug 2016 08:00:00 -0700

Scott and Pat talk about dangerous products that brokers try to pitch investors. They follow that up with a discussion about emotionally preparing for retirement with Dr. Rick Steiner. Then, they talk about using money as a tool to accomplish goals in your life. Lastly, Pat and Scott talk to a new grandmother about funding her grandchild’s college education.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

The dangers of a rising stock market, tips on estate planning, and how RMDs affect taxes

Sat, 06 Aug 2016 08:00:00 -0700

Scott and Pat talk about the drawbacks of a bull market. They follow that up with a discussion on estate planning with John Palley, a professional estate planner from Meissner, Joseph & Palley. Lastly, Pat and Scott talk to a caller about planning for taxes when taking out RMDs.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Underfunded pension plans, life after retirement, and effective charitable giving

Sat, 30 Jul 2016 08:00:00 -0700

Scott and Pat talk about underfunded pension plans. They then discuss life after retirement with Dr. Jacquelyn James from the Center on Aging and Work at Boston College. Lastly, Pat and Scott talk to a caller about effective ways to donate to charity.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Investing funds from the sale of a business, company pensions and Social Security

Sat, 23 Jul 2016 08:00:00 -0700

Scott and Pat talk with a caller about where to invest funds from the sale of a business. They then field a question from someone who wants to know if they can withdraw from both their pension and Social Security, and still collect from each in full. Lastly, Pat and Scott talk to a caller about when to withdraw from a 457 plan versus applying for Social Security.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

The impact of Brexit, and perspective on negative interest rates

Sat, 16 Jul 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat revisit the impact (or lack thereof) that Brexit has had on the economy. Next, they discuss negative interest rates. They then address underfunded state and municipality pensions, and possible repercussions. Then, Scott and Pat talk about low mortgage interest rates. Lastly, they talk about driving for Uber and staying busy with other “gigs” in retirement.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Paying for healthcare, the fiduciary standard, and paying off debt

Sat, 09 Jul 2016 08:00:00 -0700

Scott and Pat talk with a caller about whether or not he has enough assets to pay for his spouse’s healthcare. Then they field a question from someone who wants to know about the new laws regarding fiduciary advisors. Lastly, Pat and Scott talk to a caller about the best way to pay off their credit card debt.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

The impact of Brexit, 529s, home ownership, and investing funds from the sale of a business

Sat, 02 Jul 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat discuss the market and interest rate volatility related to “Brexit.” Scott and Pat then talk to a caller about how a 529 for a child’s education impacts their eligibility for financial aid. They then field a question from a caller who wonders if he can afford to buy a home. Lastly, Pat and Scott talk to a caller about what to do with funds from the sale of a business.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

The Brexit, pensions, Roth IRAs, and dangerous indexed annuities

Sat, 25 Jun 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott discusses the “Brexit” and resulting market volatility with Hanson McClain’s Chief Investment Officer, David Schauer. Then, Scott and Pat talk to a caller about pension and life insurance options. They then take a call about funding Roth IRAs for the kids. Lastly, Pat and Scott talk to a caller about the dangers of indexed annuities.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Fiduciaries, interest rates, RMDs, dangerous REITS, and preparing for retirement

Sat, 18 Jun 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk about the importance of making sure your advisor is a fiduciary, followed by a discussion about interest rates. Next, they talk to a caller about when to take, and what to do with their required minimum distributions. They then talk about the dangers of non-traded real estate investment trusts (REITS). Lastly, Pat and Scott talk to a caller who is looking to retire soon and wants to get their finances in order.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Empty nesters, paying for parents’ assisted living, sketchy annuities, and the basics of saving

Sat, 11 Jun 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: Scott and Pat talk about new empty nesters during this graduation season. Next, they talk to a caller who is trying to figure out how to fund her parents’ stay in an assisted living facility. They talk to a caller who wants a second opinion about an indexed annuity. Lastly, Pat and Scott give advice about the basics of saving and getting your finances in order.

Negative interest rates, fiduciary advisors, and Roth IRAs

Sat, 04 Jun 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: We talk to a caller who is curious about negative interest rates. We then explain to a caller how to find a financial advisor who is a fiduciary. Lastly, we talk to someone who wonders if a Roth IRA is a good option for their portfolio.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Scott’s trip to Cuba, investing funds from a property sale, and paying for home care for a parent

Sat, 28 May 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: We talk to a caller about how to invest funds from the sale of a property. Scott shares fascinating economic observations from his recent trip to Cuba. Then we talk to a caller that is nearing retirement, has a paid off his mortgage, but has little other savings. Lastly, we talk to someone about how to best fund a parent’s home care.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Recovering losses from an old annuity, and maximizing returns during retirement

Sat, 21 May 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: We talk to a caller about recovering losses from an old annuity. We then take a call from a retiree looking for investment strategies that will maximize his returns.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

What should be done with old annuities?

Sat, 14 May 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: We talk to a caller about what to do with an old annuity. Then, we take a call from a retired teacher looking for the best options for investing an old annuity and other savings.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Investing a large sum of cash, student loans, and IRAs vs Roth IRAs

Sat, 07 May 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: We talk to a caller about where to invest money from the sale of a business. We then take a call about applying for student loans later in life, and how to pay them off. Next, a call about the ideal way to pay for a child’s college education. Lastly, Scott and Pat talk about the tax advantages of converting a IRA to a Roth IRA.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

IRAs vs. Roth IRAs and 401k Plans

Sat, 30 Apr 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: We talk to a caller about the differences between a regular IRA and a Roth IRA. Then we take a call about what to do when her company dropped their 401k plan. Lastly, Scott and Pat talk to a government worker who wants to know how to invest their 401k upon retirement.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Social Security and Medicare, old stock certificates, and the fiduciary standard

Sat, 23 Apr 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: We talk to a caller about Social Security and Medicare. Then, we take a call about what to do with an old stock certificate. Lastly, Scott and Pat discuss the importance of working with an advisor that follows the fiduciary standard.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Scott’s new book, capital gains, and CDs

Sat, 16 Apr 2016 08:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a discussion about Scott’s new book, Personal Decision Points. Next, we take a call about capital gains and charitable remainder trusts. Lastly, Scott and Pat talk to someone nearing the maturation date of a CD, who is wondering if they should buy another one, or invest elsewhere else.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Inherited assets, Roth vs a traditional 401(k), hedge funds, and changes to the fiduciary standard

Sat, 09 Apr 2016 08:57:04 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a discussion about creating a positive attitude as you approach retirement. Next, we take a call about inherited assets, followed by a question about the most tax-effective way to save money for the future. Lastly, Scott and Pat talk about hedge funds, before concluding with a discussion about pending changes to the fiduciary standard.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

RMDs, saving for retirement, mutual funds, and a special guest

Sat, 02 Apr 2016 11:30:15 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about what to do with funds received from RMDs. Next, we take a question about making sure one is properly saving for retirement. Then, a question about mutual funds. Lastly, we talk to Hanson McClain’s Chief Investment Officer, David Schauer, about the first quarter in the markets.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Advisor fees, annuities, and automatic rebalancing

Sat, 26 Mar 2016 09:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about the cost of working with an advisor. Next, we take a question about whether to terminate or ride out a variable life insurance policy. Lastly, a question about automatic rebalancing on a 401k that’s still with a previous employer.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

RMDs, working with an investment advisor, and investing liquid assets

Sat, 19 Mar 2016 09:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about how to determine which retirement accounts to withdraw from first. Next, we take an interesting question about working with an investment advisor. Lastly, an inquiry about investing liquid assets in retirement.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Preparing investments for retirement, and state employee service credit

Sat, 12 Mar 2016 09:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about preparing for retirement when self employed. Next, we take a question from teacher looking for investment guidance ahead of retirement. Lastly, a question from a state worker asking about buying back service credit

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

Being properly diversified, contributing to an IRA in retirement, and Social Security means testing.

Sat, 05 Mar 2016 09:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about what it means to be properly diversified. Next, we take a question from a widow looking to retire and still contribute to her IRA. Lastly, a question about “means testing” Social Security from a retired state worker that actually had to go back to work.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

State pensions, Social Security, helping children save for retirement, and indexed annuities

Sat, 20 Feb 2016 09:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about how receiving a state pension affects Social Security income. Next, we take a question from a caller asking the best way to help his children start saving for retirement once they graduate from college. Lastly, a question about Live Abundant indexed annuities.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

2/13/2016 – Structured Cashflow Plans, Market Index Annuities, and flexible 401K plans

Sat, 13 Feb 2016 09:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with Scott and Pat advising a man with a “structured cash flow” plan that promised unrealistic returns. Next, we take a question from a caller asking about a market index annuity sold by his bank. Lastly, a question about a flexible 401k plan.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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

2/6/2016 – Dangers of Variable Universal Life Insurance, investing at an advanced age, and paying for long-term care

Sat, 06 Feb 2016 09:00:00 -0700

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about the dangers of Variable Universal Life insurance as an investment option. Next, we take a call about investment options for an elderly person that just came into a large amount of money. Lastly, a question from someone asking about buying an annuity for their 90-year old mother as a way to pay for long-term care.

Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

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