Ballooning national debt and the risk to retirees

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 10 April 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's Money Matters, Scott and Pat discuss the reasons why America’s rapidly growing debt could hurt retirees. Scott and Pat advise a caller with $3 million in savings about keeping a long-term care insurance policy. A retired public employee asks how the Windfall Elimination Provision will affect his Social Security benefit. A caller with $4 million in retirement savings asks if he needs an annuity. Scott and Pat speak with a duplex owner, making $130,000 a year, about potentially selling his property. Finally, a caller asks if he should invest in cryptocurrency. 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	Would you like an opinion on a financial matter you're dealing with?
0:19.0	Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:29.6	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:39.5	Welcome to Allworth's Money Matters.
0:40.3	Scott Hanson here.
0:41.0	Pat McLean.
0:44.1	Thanks for being part of our program, both myself and my co-host.
0:48.9	We are both financial advisors, certified financial planner, chartered financial consultant.
0:53.1	We spend our weekdays helping people like yourself plan their financial futures. And we air this
0:55.4	program on the weekends to be your financial advisors on the air. And I think we have more podcast
1:00.4	listeners today than we have terrestrial radio. So thank you for listening. But then again,
1:05.0	we used to broadcast live in the Bay Area that we don't anymore. The station changed so dramatically that it, whatever.
1:14.0	I don't know.
1:15.2	But then again, it's a podcast.
1:18.7	It's podcast.
1:20.7	One of how many hundreds of financial podcasts there must be now?
1:24.6	Maybe thousands.
1:26.6	Maybe thousands. Maybe thousands.
1:27.8	Maybe thousands.
1:27.8	We think ours is the best.
1:29.7	I hope you do as well.
1:31.4	So let's talk a little bit about debt.
	...

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