BONUS EPISODE: Roth Conversions, Financial Advisors You Can Trust, and Portfolio Risk Management

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 24 September 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Roth conversions can save you thousands in taxes — but only if you know when and how to use them. On this BONUS EPISODE of Money Matters, Scott and Pat take listener calls that reveal the importance of strategy, trust, and risk management in retirement planning. They begin with a caller asking about complicated yield notes, sparking a discussion on portfolio risk management and why trusting the right financial advisor matters more than chasing products. Next, another listener wants to understand Roth conversions and Social Security timing — and Scott and Pat explain when Roth conversions make the most sense for long-term tax efficiency. Finally, a retired couple checks back in to share how they handled market volatility after following Scott and Pat’s advice. Their story shows why portfolio risk management isn’t just about protecting money — it’s about protecting peace of mind. 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	Hi, this is Scott Hansen. Hey, thank you to all of our listeners, both our longtime listeners and our new listeners.
0:05.8	Thanks for tuning in each week for trusted financial advice. And this past Saturday, we inadvertently re-aired a previously published episode.
0:14.0	And we just want to say, sorry for that. It was a mistake. But to put it right, we have put together a brand new bonus episode for you.
0:22.4	So in this, we cover Roth conversions, how to identify a trustworthy financial advisor and some smart strategies for managed
0:27.1	portfolio risk. Remember, if you got a question for us, we'd like us to answer. You can send us
0:31.3	an email at Questions at Money Matters.com. We'll schedule the time next time, Pat and myself are in the
0:35.9	studio to take your question. And if you haven't already, be sure to follow us.
0:40.6	So you'll make sure you get your podcast delivered each time we do this.
0:43.1	Like this bonus one.
0:48.4	Would you like an opinion on a financial matter you're dealing with?
0:51.5	Whether it's about retirement, investments, taxes, or 401k's.
0:55.9	Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
1:01.6	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
1:09.6	Welcome to Allworth's Money Matters. I'm Pat McLean. I'm Scott Hanson. And we're going to do something a little different. We're going to get right to the call. So we are going to start off talking with Mike. Hi, guys. How you doing today? Good. How you doing, Mike? I'm good. Listen to you guys every week. Thank you. Thank you. Yeah.
1:28.3	I appreciate that. I have also talked to one of your advisors in the Denver area and I just haven't made the leap yet.
1:34.0	All right.
1:34.4	Well.
1:35.6	But here's my question.
1:38.5	I'm working with an advisor I've been with for quite a while and we had some money just sitting in these buffered accounts
1:46.6	with Schwab, about 360 grand. And it wasn't doing much. And I wanted some income from that cash. So he put me
1:57.7	into yield notes. And I wanted, and I've done some research on it but you guys have a way
2:04.9	of explaining things simply and I'd like the fifth grade explanation of how yield notes work.
	...

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