Allworth Financial’s Money Matters

Allworth Financial’s Money Matters header image 1

A financial model can say whatever you want

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

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.

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

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?

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?

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?

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

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

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.