Avoiding Pension Mistakes, Finding Lost Retirement Money, and SPAC Investment Dangers

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 19 April 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Money Matters, Scott and Pat take a deep dive into special purpose acquisition companies (SPACs) - exploring their meteoric rise, sharp decline, and the potential risks and rewards for investors. Plus, they field questions from listeners about pension decisions, lump sum options, and how to adapt investment strategies to today’s market conditions. Finally, they emphasize the value of personalized financial planning, covering key topics like tax strategies and Roth conversions to help secure your long-term retirement goals. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at [email protected]. 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?
0:08.3	Whether it's about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call.
0:16.3	To join Allworth's Money Matters, call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:27.3	Welcome to All-Worth's Money Matters, Scott Hanson. At McLean, thanks for joining us.
0:32.3	We were both financial advisors and been doing this program for roughly three decades.
0:38.5	Yes.
0:38.7	And by the way, last week we spent quite a bit of time talking about the tariffs, the markets.
0:44.3	So today, we're going to do a lot of calls.
0:47.1	And I'd like to talk a little bit about, again, these SPACs because we don't hear much about the SPAC anymore.
0:55.6	What happened to the SPAC?
0:56.8	And SPAC stands for...
0:58.3	Special purpose acquisition company.
1:01.1	Which was another way of saying,
1:03.4	give us your money.
1:06.3	And we'll tell you...
1:07.4	And we remember we talked about a lot when they were in the hype.
1:09.6	We said, be warned, be careful.
1:11.6	Because the whole premise behind this was you give someone your capital a startup.
1:18.5	They don't even know what it's going to be invested in yet.
1:22.3	You're betting on the person.
1:24.0	And you had some celebrities come out with these SPACs, some athletes, come out with SPACs.
1:32.3	I'm surprised how little literature there's been on that recently.
	...

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