Allworth Financial’s Money Matters

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Making Money by Making Mistakes

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?

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

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?

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

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

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.

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?

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?

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

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.