Big financial resolutions versus incremental changes

Money Matters by Allworth Financial

Allworth Financial

Investing, Business, Business:investing

4.7 • 839 Ratings

🗓️ 2 January 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Money Matters, Scott and Pat discuss things you can do to improve your finances right from the beginning of the year, and then look back at some of the best calls from 2020. Scott and Pat advise a mother who wants to help her son save in an IRA. A caller asks if she should continue re-allocating her savings after having purchased $3,000 worth of bonds back in March. A man concerned about the national debt asks if he should invest in precious metals. Scott and Pat speak with a caller who cashed out his 401(k) before the market dropped and asks how he should re-invest. A caller who was recently laid off asks how he should handle his $1.7 million in savings. Finally, a California man asks if a $300,000 home equity loan advertised as “no-cost, no-fee” is too good to be true. 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, it's Allworth's Money Matters, with co-hosts Scott Hansen and Pat McLean.
0:11.8	Can't get enough of Allworth's Money Matters? Visit allworthfinancial.com slash radio to listen to the Money Matters podcast.
0:21.3	Welcome to Allworth's Money Matters.
0:23.4	I'm Scott Hanson.
0:24.5	I'm Pat McLean.
0:25.7	Happy New Year to everybody.
0:27.5	Yes.
0:28.2	Right?
0:28.5	Exciting, uh, 2020.
0:30.3	Woo.
0:31.2	Hope you're sheltering in place at home, keeping your distance from everybody and
0:34.8	of your loved ones as you entered in the new 20-20.
0:38.1	This is really getting hard.
0:40.8	But there's light at the end of the time.
0:42.2	There is light at the end of the tunnel.
0:43.5	We're not going to spend a lot of time talking about the big thing.
0:47.2	There is, yeah, we didn't go to a super spreader event this year.
0:51.3	But the nice, it's a new year, fresh start.
0:54.3	It's one thing that's always nice about the new year.
0:56.1	And as you think about the new years,
1:00.5	look, we've been practicing financial advisors for three decades.
1:04.0	We've got 13,000 clients, I don't know, 70 or so advisors scattered around the country.
	...

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