Allworth Financial‘s Money Matters

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.

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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.

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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.

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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.

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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.

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.

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.

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.

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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.

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.