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Money Matters by Allworth Financial

An investment philosophy is half the equation.

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 12 January 2019

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat talk about the pension trouble facing government entities and companies like Pacific Gas and Electric. They also discuss the danger of using a retirement strategy based on just a few assumptions. Scott and Pat take a call from a mother whose daughter has cancer and a lot of debt. She wants to know how to financially protect the grandchildren without the creditors taking the assets. A caller in Minnesota asks if an immediate annuity makes sense for his elderly mother. A retiree asks about Social Security’s windfall provision. A caller with $1.3 million wants protection from outliving his money.   Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Transcript

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0:00.0

Answering your tough financial questions for the past 21 years, it's Hanson McLean's Money Matters, with co-hosts Scott Hanson andMcClain's Money Matters. I'm Scott Hanson.

0:32.8

I'm Pat McLean. Thanks for joining us.

0:34.6

That's right. Glad you are with us on this Saturday, or perhaps it's your podcast.

0:39.0

You're listening to some other time.

0:39.8

But in any case, we're glad you are joining us being part of our program.

0:44.0

Both myself and my co-host here, Pat, we're both financial advisors, practicing financial advisors, which means that...

0:50.5

We work with clients.

0:51.6

Yeah.

0:51.8

We've been for almost three decades now, and we've been doing this radio program for over two decades.

0:57.3

And although we meet with people during the week, helping them plan their finances, we come to you on the weekends to be your financial advisors on the air.

1:05.2

So whether you have advisors you work with now or you do things on your own, we want you to consider this place another source for information.

1:10.8

We cover a variety of financial topics,

1:13.1

but most of our focus is really on retirement planning, retirement transition,

1:18.7

retirement income.

1:20.2

Which the reality is that's the majority of the focus of people in finance that are the average American is that's

1:31.3

worries about money is normally worried about retirement there clearly there are some financial

1:36.5

advisors that help people with budgeting help people get out of debt like a Dave Ramsey for

1:41.7

example that does a great job at that sort of thing.

1:44.3

Yeah, clearly. For a good chunk of the society, what his messages is extremely helpful.

1:51.1

Our focus just tends to be really on those that are a more latter part of their career,

1:56.2

people that have tend to take some ownership in their life and had some savings and we helped them in that

2:02.9

transition to retirement and through retirement. Yeah, that is correct. And if you'd like to be

...

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