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Money Matters by Allworth Financial

1/23/16 - Market Volatility, Annuities, Roth IRA, Retirement Readiness

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 23 January 2016

⏱️ 49 minutes

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters: Scott and Pat welcome new listeners in the Los Angeles (KEIB), San Diego (KOGO) and Denver (KOA) markets! The episode begins with a discussion about the recent volatility in the financial markets. We then field a call regarding fixed annuities from a relative of a person with Alzheimer’s. Next, we take a call about rolling over assets from a traditional 401K into a Roth near retirement in a bear market. Lastly, we take a call from someone seeking to know if they are financially ready to retire this year.   Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for 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.

Transcript

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0:00.0

Answering your top financial questions for the past 20 years, it's Hanson McLean's Money Matters.

0:09.3

Welcome to Hanson's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us this weekend,

0:15.3

both myself and my co-host here. We're both financial advisors, certified financial planner,

0:19.8

charter financial consultant. We spend our weekdays meeting with people like yourself. We're both financial advisors, certified financial planner, charter financial consultant.

0:21.2

We spend our weekdays meeting with people like yourself and we come here on the weekends to be

0:26.3

your financial advisors on the air. So basically, we are practicing financial advisors. We're not just

0:31.4

talking heads that we work with people just like yourself day in, day out. Man, it's over $2 billion.

0:38.9

Yeah.

0:39.9

And we've been doing this radio program for over 20 years, broadcasts out of Northern California, KFBK.

0:47.5

And if you're new to listening to us, that's because we've earned some newer markets beginning within the last year in the Bay Area and K-O-I and Denver and the Patriot down in Los Angeles, Kogo and San Diego, KGO in the Bay.

1:04.0

Yep.

1:04.3

So thank you for joining us.

1:06.0

And you'll find that we're fairly low-key.

1:09.9

Don't take ourselves too terribly serious,

1:11.7

but we take the subject matter extremely seriously.

1:16.1

And you'll find our show.

1:18.0

We're not here to try to say we've got the silver bullet or the magical potion or something.

1:25.7

We can't predict the market.

1:27.6

So you're not going to hear us saying, oh, we know exactly when to get into this or get

1:32.0

out of that.

1:32.4

Obviously, nobody knows.

1:34.1

What we do, though, is make sure that people make wise choices with their finances.

...

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