A Fool’s Game

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 24 October 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

Transcript

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0:00.0	Answering your tough financial questions for the past 26 years, it's Allworth's Money Matters, with co-hosts Scott Hansen and Pat McLean.
0:11.3	Would you like an opinion on a financial matter you're dealing with? Whether it's about retirement, investments, taxes, or 401ks.
0:18.9	Scott Hansen and Pat McLean would like to help you by answering your call.
0:22.6	To join Allworth's Money Matters, call now at 83399 Worth. That's 83399 WORTH.
0:42.3	Welcome to All Worth's Money Matters. I'm Scott Hanson.
0:43.3	I'm Pat McLean.
0:44.2	Glad you are with us as we talk about financial issues.
0:49.6	Fallist kind of feels like it's here.
0:52.9	Anyway, glad you're glad to join us today as we're talking about financial matters.
0:56.5	Both myself and my co-host, we are both financial advisors, certified financial planner,
1:01.6	charter financial consultant.
1:02.7	We spend our weekdays with people like yourself and come here on the weekends to be your financial advisors on the air.
1:09.4	Just try to bring some financial peace to your life.
1:13.4	I think that's the goal.
1:16.8	Yeah, it's, money is such a funny thing.
1:21.1	Because I've yet to talk to someone who says they have enough.
1:25.3	I mean, there's always a want for more.
1:30.8	It's never quite a satisfying thing. Maybe it's just human nature. That's a human condition.
1:34.5	That's not human condition. That's true. That's true. But our goal in helping people is to make sure
1:40.9	that they've got the right kind of financial plan in place where they could have confidence with their finances. And part of this program is just to be open and
1:48.1	transparent and honest about what's available in the marketplace. So much of Wall Street's
1:53.4	about putting together products and selling your products that some are okay for you and some
	...

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