401(k) Catch-Up Contributions, Inherited IRA Rules, Annuity Strategies, and Roth Conversion Tips

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 24 May 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat examine the implications of new rules for 401(k) catch-up contributions and discuss whether they really benefit the average person. Plus, they help callers navigate the complexities of fixed index annuities and inherited IRAs and explain why understanding these financial products is crucial. Allworth advisor Laurie Ingwersen joins the show to explain how a Roth conversion strategy can lessen a big tax burden. Finally, Scott and Pat share real-life stories and offer insights into maximizing your retirement savings while steering clear of potential pitfalls. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at [email protected]. Download and rate our podcast here.

Transcript

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0:00.0	Would you like an opinion on a financial matter you're dealing with?
0:03.2	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:13.2	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:23.6	Hi, it's Scott Hansen. We hope you're having a peaceful Memorial Day weekend. We're away, but we have a great show prepared for you. We're discussing 401K catch-up contributions, inherited IRAs, and a Roth conversion strategy. And remember, if you'd like free advice,
0:37.9	reach out to us at Questions at Money Matters.com.
0:41.5	Or you can call 83399 Worth.
0:43.8	We'll schedule a time for you to talk with us on the air.
0:48.1	Welcome to Allworth's Money Matters, Scott Hansen.
0:50.4	Pat McLean, thanks for joining us.
0:52.2	Glad you're here as we're talking about financial matters, myself and my co-host, both financial advisors.
0:58.4	And we've been doing this program about three. We've been advisors for over three decades doing this program for almost 30 years.
1:06.5	And certainly enjoy coming and sharing a bit of our...
1:10.9	I don't know if it's wisdom.
1:13.0	I don't know if it's 30 years of experience
1:15.2	or one year of experience times 30,
1:17.7	but I'm hoping it's 30 years of experience.
1:19.7	Our musines.
1:21.6	Oh, you know, Scott,
1:24.9	we're going to take some calls, just a reminder i talked about this uh in december people ages
1:34.4	between the ages 60 and 63 are able to supersize their catch-up contributions for their 401 case
1:42.7	they are so i i went into mine because i'm 60 and how much their catch-up contributions for their 401ks.
1:45.6	They are.
	...

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