Ambient emotions and your financial decisions

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 31 October 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's Money Matters, Scott and Pat discuss the ways that temporary pandemic stress can affect your long-term financial decisions. Scott and Pat advise a caller with $10 million in savings about how he can gift his assets and lower his tax bill. A Cincinnati caller making $150,000 a year consulting asks if he should expect means testing on his Social Security benefit. A California man with $875,000 in retirement savings asks if a Roth conversion is a smart move for his situation. Scott and Pat speak with a soldier in Hawaii looking for ways to save outside of his TSP. Finally, a California woman asks if she should sell her rental worth $400,000. 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,
0:04.2	it's Allworth's Money Matters, with co-hosts Scott Hanson and Pat McLean. Would you like an opinion on a financial matter you're dealing with?
0:28.1	Whether it's about retirement, investments, taxes, or 401ks,
0:32.1	Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:38.1	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.
0:49.5	Glad you are with it. This is our Halloween special.
0:53.9	Okay. Actually, I haven't even thought about anything
0:56.6	about Halloween but I just realized that it's the 31st and we are both here in studio
1:01.1	I'm doing our show and so I had a conversation with my I mean right now it's not
1:08.7	this is being aired on the 31st of Halloween, but yes.
1:12.2	Yes. So I said, financial program. I said, so we're, yeah, this is a taped show. But if you can
1:17.9	call in, you call in, I'll tell you how we, the mechanism works, you call in. We do it like television
1:22.9	does. They record several shows at a time. Yes. Line up all the guests at a time.
1:28.0	And then how do we have live callers?
1:29.3	People call in and they just schedule a time for them to talk to us.
1:33.4	It's pretty easy.
1:34.2	It actually, it's really easy.
1:35.5	I mean, I've never been on Mori Popovich or any of those daytime things, but I think they do this.
1:39.6	Thank goodness.
1:41.5	Is he still, I don't even have any idea what those shows are like, I don't, uh.
1:45.1	So, uh, I said to my wife, I'm like, hey, let's go, let's go way over Halloween weekend.
	...

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