Buy, borrow, die

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 31 July 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss how company founders borrow against their stock to live tax-free, why some ordinary investors attempt something similar, and the reason these strategies often go awry. Scott and Pat advise a caller selling a property worth $550,000 and looking to save on taxes. A caller asks if she should sell a rental worth $400,000 because the real estate market is hot. A grandmother asks if a 529 Plan is the best way to save for her grandchildren’s education. Scott and Pat speak with a 49-year-old man if he wants to retire at age 55. Finally, a caller nearing retirement asks if cashing in his paid time off will trigger significant tax consequences. Ask a question by clicking here, or email Scott and Pat at [email protected]. Download and rate our podcast here.

Transcript

Click on a timestamp to play from that location

0:00.0	Would you like an opinion on a financial matter you're dealing with?
0:17.0	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.
0:26.8	Call now at 83399 Worth. That's 83399 WORTH.
0:34.7	Welcome to Allworth's Money Matters, Scott Hanson. Pat McLean.
0:38.4	Glad you're joining us today.
0:40.1	Both myself and my co-host, we're both financial advisors, certified financial planner, chartered financial consultant.
0:45.9	We spend our weekdays helping people like yourself.
0:48.0	We broadcast on the weekends being your financial advisors on the air.
0:51.3	Whether you've got advisors you work with now or you do things
0:55.0	on your own, whatever the case we want you to consider us to be another source of information
1:00.2	for you and hopefully awesome information. Well, let's hope. But let them be the judge.
1:06.5	Whether it's awesome or not. Yes, yes, absolutely. Yeah. And to join our program, if you'd like to be part of the show,
1:12.8	meaning you've got a question for us,
1:14.2	that you'd like us to see if we cannot answer for you.
1:17.5	I'd love to take your call.
1:18.6	The contact number is 83399 worth.
1:24.5	833-9-6784. So if you have a question about IRAs,
1:31.6	401K, mortgages, life insurance,
1:35.1	stock market, real estate, anything financial related
1:37.2	for the matter. Yes, yes, yes, yes. We love to take those calls,
1:40.6	and we interact with clients on a, I don't know, daily basis, most certainly on a
1:46.8	weekly basis. So I saw an interesting article that I read the other day. The title was,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Allworth Financial, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Allworth Financial and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.