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Money Matters by Allworth Financial

Don’t confuse the broad stock market with one company.

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 1 December 2018

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about client reactions to the current market and the meaning of diversification. Scott and Pat take a call from a man who wants to sell his rental property to pay off a mortgage. A 63-year old caller with $63,000 in debt learns he’s a long way from retirement. A woman wants to know exactly how much she’s paying her advisor. A 30-year-old making $105,000 a year asks if he’s on track for a secure and sustainable retirement. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Transcript

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0:00.0

answering your tough financial questions for the past 21 years, it's Hanson McLean's Money Matters,

0:06.5

with co-hosts Scott Hanson and Pat McLean.

0:20.3

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

0:24.2

Whether it is about retirement, investments, taxes, or 401ks,

0:28.7

Scott Hanson and Pat McLean would like to help you by answering your call.

0:32.7

To join Hanson McClein's Money Matters, call now at 1-8-2-H-H-A-N-N-S-O-N. Welcome to Hanson-N-Maclain's Money Matters. I'm Scott Hanson.

0:47.3

I'm Pat McLean. Glad you joined our program today, both myself and my co-host here. We have both

0:51.7

financial advisors, certified financial planner, chartered financial consultant. We spend our weekdays with people like yourself-host here. We have both financial advisors, certified financial planner,

0:54.4

chartered financial consultant. We spend our weekdays with people like yourself.

0:58.1

Come here on the weekends to be your financial advisors on the air. So whether you've got

1:02.8

advisors you work with now or not, or you do things all on your own. We want you to consider

1:06.7

this program another place for great information and another place you can call into for a

1:12.9

second opinion on anything and second and third because we don't always agree okay that is true

1:22.3

we usually agree we we don't always agree um at the outset of until we can actually explain the argument as to our thinking.

1:34.8

But also, Pat, in fairness, financial planning, retirement planning is a part science, part art to it.

1:43.6

Because there's people involved in it.

1:45.5

There's people and there's an unknown future.

1:49.1

So it's a, sometimes it's a balance of a mitigating future risk

1:55.0

alongside with the behavioral finance of an individual.

2:00.4

How people, how in, how an individual person will react or either how they believe they will react,

2:08.6

but no one really knows how you'll react until you react.

2:12.0

So we've been doing this program for over 20 years.

...

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