Don’t Let the Fear of Missing Out Drive Your Investment Decisions

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 5 May 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the mismanagement of retirement savings, and how the fear of missing out drives people to take on more risk than they should. They also take several calls on everything from Social Security to 401(K) management. Scott and Pat take a call from a woman who previously worked in the private sector and is now interested in working for the federal government and wants to know if she would lose her Social Security benefits. A woman is calling on behalf of her husband and wants to know what to do about the limited options in his 401(k). A man has $60,000 in cash that he needs to keep semi-liquid and doesn’t want to take on much risk but wants to know where he should invest the money. A man who has several rental properties and wants to know if he should stop contributing to his 401(k) and only invest in real estate. A 60-year-old man who has a pension that nets about $1,000 a week after taxes and health care, wants to know if he should take Social Security at 62 or wait until his full retirement age.

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,
0:06.0	with co-hosts Scott Hanson and Pat McLean.
0:16.1	Would you like an opinion on a financial matter you're dealing with?
0:20.1	Whether it is about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would
0:26.4	like to help you by answering your call.
0:28.8	To join Hanson McLean's Money Matters, call now at 1-3-8 to Hanson.
0:34.4	That's 1-8-2-H-A-N-S-O-N.
0:40.8	Welcome to Hanson-Meclain's Money Matters.
0:43.6	I'm Scott Hanson.
0:44.5	I'm Pat McLean.
0:45.4	Glad you are with us today as we talk about financial matters, both myself and my co-host.
0:50.0	We are both financial advisors, certified financial planner, charter financial consultant.
0:54.9	We spend our weekdays with people like yourself, helping them plan their financial future.
1:00.2	We come here on the weekends to be your financial advisors on the air.
1:04.0	And a lot of what we do is help people, well, tends to be on the major issues in life.
1:10.7	Retirement.
1:11.8	How do you structure your finances so that you, you know, works an option and not an obligation?
1:17.9	College funding.
1:19.4	Some of the bigger issues.
1:21.4	And it's hard.
1:22.4	It's difficult.
1:23.6	What's difficult?
	...

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.