Elusive financial confidence, taxation on life insurance, and liquidating a large annuity.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 11 December 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat debate what it means to have financial confidence before advising a caller about paying income tax on a life insurance windfall. A retiree has $220,000 invested in an annuity and wants guidance about how to keep his tax obligation low. And, finally, a Salt Lake City man wants to know if saving 42% of the family income will be enough to fund retirement.

Transcript

Click on a timestamp to play from that location

0:00.0	Would you like an opinion on a financial matter you're dealing with?
0:11.5	Whether it's about retirement, investments, taxes, or 401ks.
0:16.0	Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:21.8	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:28.8	Welcome to Allworth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us.
0:33.6	Both myself and my co-host here. We're both financial advisors, certified financial planner, chartered financial consultant.
0:39.7	We spend our weekdays with people like yourself.
0:41.7	We broadcast on the weekends being your financial advisors on the air.
0:46.7	And I always appreciate being with you and talking about the world of finances.
0:52.5	Money is a funny thing.
0:54.7	It is, isn't it?
0:57.9	Yeah.
0:58.4	Elaborate, please.
1:03.5	Financial independence is almost a fleeting thing from an emotional standpoint.
1:09.4	It seems to me that there are very few people
1:12.6	that are totally confident in their finances.
1:19.3	They will have some degree of confidence,
1:23.0	but they always wish they had a little bit more
1:26.2	than they have today.
1:27.9	Yeah, but don't you think that that's just the human condition?
1:31.5	Oh, we've got lots of weaknesses.
1:33.4	No, no, no.
	...

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.