A half-trillion-dollar wipeout

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 7 August 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss China’s crackdown on technology and education companies and how that hurts American investors. Scott and Pat advise a caller inheriting $600,000 who wants to know how he should invest the money to help his grandchildren and a favored ministry. A man with $2.5 million in savings asks if he can afford to retire comfortably and still maintain his standard of living. A retired caller who saved $1 million in traditional IRAs asks if a Roth conversion is a smart move. Finally, a saver who is helping his mother and sister financially asks when he should take Social Security. Ask a question by emailing Scott and Pat at [email protected].

Transcript

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0:00.0	The Would you like an opinion on a financial matter you're dealing with?
0:28.6	Whether it's about retirement, investments, taxes, or 401ks.
0:32.6	Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:38.7	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:45.7	Welcome to All-Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us.
0:50.2	That's right. Glad you were here with us as the first weekend in August, I guess.
0:56.4	Yes?
0:56.7	Yeah.
0:57.0	Anyway, this is a financial program, and we talk about financial matters, retirement, planning, topics, etc.
1:06.1	Yeah, just try to help people in their financial lives to get a little bit of peace.
1:11.2	Yeah, so glad you are with us.
1:13.0	And I think you'll find this, if you're newer to this program, it's a little different than a lot of financial shows.
1:18.0	At least, we think so.
1:20.6	We try to have a little levity with some things.
1:22.3	I do listen to a lot of financial shows, and a lot of them are just hour-long infomercials.
1:29.4	Oh, most of them.
1:30.2	Yeah, yeah, yeah, yeah, yeah.
1:31.2	Where the products are disguised.
1:32.4	And if you're not a –
1:33.2	Yeah, so it's exactly right.
1:34.4	They are disguised.
1:35.1	Yeah, if you're not a listener to financial shows or have a background in finance,
	...

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