$8 Million Decisions & Mom’s Nest Egg: Real Talk for High-Net-Worth Families

Allworth Financial‘s Money Matters

Allworth Financial

Business, Business:investing, Investing

4.9 • 782 Ratings

🗓️ 10 January 2026

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Money Matters, Scott and Pat dive into real-world financial decisions faced by high-net-worth families. One caller seeks guidance on managing his 87-year-old mother’s $1 million nest egg, while another—with $8 million saved—is questioning whether a QLAC is necessary. The $8 million decision opens the door to meaningful conversations around trust planning, emotional risk tolerance, and why simplicity often beats complexity—especially when family is involved. You’ll also hear insights on gifting strategies, changes to Social Security rules, and what to consider when planning for longevity. Whether you're managing $1 million or $8 million, this is the kind of real talk every high-net-worth family should hear. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. 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?
0:09.0	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.
0:19.0	Call now at 83399 Worth.
0:21.9	That's 83399 W-O-R-T-H.
0:26.1	Welcome to All-Worth's Money Matters, Scott Hanson.
0:28.4	Matt McLean.
0:29.0	Happy New Year.
0:29.9	This is our first day back in the studio in 2026.
0:35.5	It is.
0:36.1	I guess it was the only one.
0:36.9	It was kind of a best-up, so excuse us for taking some time off during the holidays, but we're back. Yeah. And it's exciting. And what a week. What the markets do for the week? We hit a new high on Friday. Yes.
0:54.3	Oh, that's right.
0:55.2	This Friday afternoon.
0:55.9	Yeah, but what was the percentage?
0:57.2	Do you know what the whole percentage?
0:58.1	But if you're listening to this show at all, I will constantly shout, you cannot time markets
1:08.1	because you can never predict how markets will respond to,
1:13.3	which means individuals will respond to certain global or economic events.
1:20.1	Just amazingly.
1:22.7	Well, in part, so, I'm trying to look it up.
1:27.3	It doesn't really matter
1:27.9	a couple it was a it was a big
	...

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