Allworth Financial’s Money Matters

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Stocks don’t know that you own them

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

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.

Tax Season is Here

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?

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

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.

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.

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.

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.

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.