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Allworth Financial‘s Money Matters

Financial security, Roth conversions, and I’ve got stock - what should I do with it?

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9782 Ratings

🗓️ 23 April 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, want financial security? Scott and Pat discuss the responsibility needed to attain it.  Plus, advice for a retiree thinking of buying more long-term care insurance. Then, is selling stock a good decision? Guidance for a couple thinking of pulling the trigger.  Finally, why Roth conversions may not be prudent for a New Yorker who wants to move.   Join Money Matters:  Get your most pressing financial questions answered by Allworth's CEOs Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here.  You can also be on the air by emailing Scott and Pat at [email protected].

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?

0:21.6

Whether it's about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call.

0:29.6

To join Allworth's Money Matters, call now at 83399 Worth.

0:34.1

That's 83399 W-O-R-T-H. Welcome to Allworth Money Matters, Scott Hanson. Pat McLean.

0:42.6

Glad you are with us today as we're talking about financial matters.

0:46.2

I'm hoping you make some sense of what's maybe going on in the world. So you've got a clear financial

0:50.2

plan and some financial stability in your life. Not that finances everything,

0:56.5

but it's certainly a big piece of life. And it's one thing you cannot ignore.

1:02.4

It's much better to have money than to not. I have been in both places. I have been both places.

1:09.7

Although, you know, it's interesting.

1:16.3

So Pat and I have been financial advisors for roughly 30 years, business partners for roughly 30 years,

1:26.1

done this radio program for 26 years, both mid to late 50s. And have not only had our own journey in finances, but have literally spoken to thousands,

1:31.0

if not tens of thousands of people about their financial circumstances.

1:34.9

Often, like really intimate conversations about money, super intimate, like husband and wife and kids and parents and family squabbles over,

1:51.5

by the way, not just a little bit of money, oftentimes a lot of money.

1:57.0

I've seen families that had more than enough resources that everyone could live comfortably and watch them fight over three, four, $500.

2:07.7

So what were you going with this guy?

2:09.1

I don't know where I was going.

2:10.2

I just, I find it, well, King Solomon said, whoever loves money never has money enough, whoever loves wealth

2:21.1

is never satisfied with his income.

2:23.0

It's a fleeting thing for a lot of people, some sort of financial security.

2:28.0

Yes.

...

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