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Money Matters by Allworth Financial

Deciding when to sell an asset.

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 17 July 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the one question to ask yourself if you’re struggling to decide whether to hold or sell an asset. Scott and Pat advise a retired caller in Florida, with $4.1 million in savings, about how he can determine a safe withdrawal rate. A California man asks if he should pay down his $148,000 mortgage balance with his 401(k) money. A caller asks how he should invest $1.1 million for his daughters. Finally, Scott and Pat speak with a woman in Texas who asks if she can collect Social Security based on her ex-husband’s record. 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

Would you like an opinion on a financial matter you're dealing with?

0:21.4

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.

0:31.4

Call now at 83399 Worth. That's 83399 W-O-R-T-H.

0:39.0

Welcome to Allworths Money Matters. I'm Scott Hanson. I'm Pat McLean.

0:43.3

Thanks for being part of our program, both myself and my co-host here. We're both financial advisors.

0:48.8

Certified financial planner, chartered financial consultant. We spend our weekdays helping people like yourself, plan their future.

0:55.0

We are here on the weekends broadcasting to be your financial advisors on the air or podcast

1:01.0

or whatever it is.

1:03.4

However you're listening.

1:04.3

We're just glad you're listening.

1:05.7

Thank you.

1:06.3

Yes, yes.

1:07.2

And again, at the risk of sounding needy, go ahead and please rate our...

1:14.0

You're saving this at the beginning of the show. I haven't even listened to it yet.

1:19.5

You're right. Okay. At the end of the show, if you're so inclined and you've enjoyed it even a little, will you please go and rate our show

1:28.7

on your podcast provider? And what's not to enjoy about this program? There are lots and lots of

1:33.2

things not to enjoy about it, but if you could just suffer through that, it's like any other

1:36.9

relationship, there's many high points and some low points. And since so... You know, it's funny, I've got my 10-year-old, very social kid, this girl, super social.

1:51.2

And how old's your youngest?

1:52.9

10.

1:53.6

Okay.

1:53.8

She's my youngest.

...

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