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Money Matters by Allworth Financial

Current volatility in the market, and the basics of reverse mortgages.

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 13 October 2018

⏱️ 53 minutes

🧾️ Download transcript

Summary

Scott and Pat begin this week’s show with a conversation about the current volatility in the market. They then take a call from a man who inherited $60,000 and wants to know where to invest the money in a low-risk investment. A caller who has worked for a company for a number of years must deal with a big change to his 401(k). A disabled couple who own their home wants to know if a reverse mortgage is a good idea. And, finally, a caller who filed for bankruptcy due to medical expenses has a couple of complex financial questions.

Transcript

Click on a timestamp to play from that location

0:00.0

Answering your tough financial questions for the past 21 years, it's Hanson McLean's Money Matters, with co-hosts Scott Hansen and Pat McLean.

0:09.8

Would you like an opinion on a financial matter you're dealing with? Whether it is about retirement, investments, taxes, or 401Ks, Scott Hanson and Pat McLean would like to help you by answering your call.

0:22.3

To join Hanson McLean's Money Matters, call now at 1-3-8-8 to Hanson.

0:27.6

That's 1-3-8 to H-A-N-S-O-N.

0:32.3

Welcome to Hanson's Money Matters.

0:34.7

I'm Scott Hanson.

0:35.7

I'm Pat McLean.

0:36.7

Glad you're with us today,

0:37.9

the middle of October. Boy, it's October, both, October is kind of known as a volatile time

0:45.6

for the stock market. Yes. And we've skipped that. Actually, if you look the last few years,

0:50.4

we've kind of skipped that often October. It's been a while. We didn't even talk about it leading

0:54.1

up until October here at Hanson McLean's Money Marriage, but we certainly

0:58.1

saw last week some volatility hop back into the markets. It, the numbers were large. The

1:04.4

percentages on a historical basis weren't that bad. No, so we'll talk a little bit about

1:10.4

this and kind of what it means to you

1:12.4

as someone investing or for retirement because it's always surprising. I don't know if it's

1:18.5

surprising. It is surprising. When we have a period like this, how many people that I, in my, not

1:26.8

at work and not clients, I'm talking about

1:28.8

just people I run into want to have a conversation about the markets and, you know, what

1:37.4

should we do anything different? And so they'll come up to you in public and say, hey, Scott, because they know your investment advisor and want to discuss the markets with you?

1:48.1

Yes, this week I had people at the gym, multiple people at the gym.

1:52.0

That's why I don't go to the gym.

...

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