Bitcoin Business Pivots, Millionaire Anxiety, New 529 Rules, and Insurance Pitfalls

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 9 August 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explore one of the summer’s hottest—and most questionable—investment trends: small companies pivoting to crypto. Is this strategy bold innovation or a looming disaster? Later, they take compelling listener calls, including one from a government employee with millions saved who’s still worried about the sequence of returns in retirement. Plus, they unpack indexed universal life insurance (IULs) and other so-called “tax-free” strategies—what’s hype, what’s real, and what to avoid. 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?
0:13.0	Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would like to help you by answering your call.
0:22.8	To join Allworth's Money Matters.
0:29.3	Call now at 83399 Worth. That's 83399 WRTH.
0:32.7	Welcome to All Worth's Money Matters, Scott Hansen.
0:34.3	Pat McLean, thanks for joining us. With myself, my co-host here, both longtime financial advisors. Is that the right term for us anymore? I don't know. Wealth managers, I guess, is the latest term. Who's that right? Right? They do call us wealth managers. Yeah, yeah, we're all wealth managers now. Well, no, in our industry, I still call myself a financial advisor. I advise people on their finances, and some of them don't have a lot of money. So I don't know where the wealth comes. Well, wealth is all very relative, bad. It is. Yes, it's all very relative. Yes. Yeah. I'm a relative wealth manager. You have some wealthy client. And that's very relative.
1:11.6	Yes.
1:12.6	Anyway, we're glad to be part of the program.
1:15.1	And you care less what we call ourselves.
1:19.3	That's right.
1:20.0	All right, so Scott, before we go here.
1:23.4	Before we go in.
1:24.5	We're going in.
1:25.3	What do you mean before we go in?
1:26.6	And take calls. Take calls. I wanted to talk about a going in. This is, what do you mean before we go in? And take calls.
1:27.7	I wanted to talk about a couple of things.
1:29.9	One is this little crypto thing that's going on with these companies buying the shares.
1:36.3	And this isn't an indictment of crypto, although I still.
1:45.0	I saw someone the other day. of crypto, although I still...
1:48.3	I saw someone the other day, the prediction in 2030 was $1.3 million for...
1:52.9	It was for Bitcoin.
1:54.8	Bitcoin.
	...

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