Coronavirus and stock market turbulence

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 14 March 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the coronavirus and recent stock market turbulence. They also interview Michael Mouriski, CPA and Vice President of Allworth Tax Solutions, about how you can prepare for the 2020 tax season. A man in the Bay Area asks how much house he can afford. Scott and Pat advise a caller who is concerned that legislative changes will impact his Social Security benefit. Finally, a caller in Cincinnati, who is a year-and-a-half away from retirement, asks if a Roth conversion will lower his future tax burden. 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.
0:10.9	Would you like an opinion on a financial matter you're dealing with? Whether it's about retirement, investments, taxes, or 401ks.
0:18.5	Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's
0:23.3	Money Matters. Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:32.1	Welcome to Allworth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Glad you are joining us on
0:37.4	this particular weekend because it's been Matters. I'm Scott Hanson. I'm Pat McLean. Glad you are joining us on this particular
0:38.5	weekend because it's been a week. It has been a week in every asset class. It's been a week.
0:51.8	Yeah. Everything. Everything.
0:55.1	Did gold finish the week down?
0:57.2	It went the other direction.
1:00.3	Bonds have been all over the place, all over the place.
1:04.6	For stock market.
1:05.7	Yeah, naturally, the stock market.
1:07.9	Double whammy, if you will.
1:10.5	Right.
1:17.9	So if we opened the week on Monday, the coronavirus was, you know, it hit the shores of North America in a big way, right, which is it can no longer be ignored by either businesses or politicians or the average American.
1:31.2	That's right.
1:31.9	Can no longer be ignored.
1:33.2	And we'll spend a little bit of time.
1:34.3	And then what happened with the price of oil, which was essentially a feud between Saudi Arabia and Russia.
1:44.3	And America. Well, that part of the part of it was Putin trying to kill our shale producers.
1:48.2	Yeah, well, they were, they weren't part of the agreement, but they were being affected by it.
	...

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