Gold Hype, Insurance Myths & Tax-Smart Moves for Retirement

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 7 June 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat tackle some hot financial topics—starting with the gold rush (yes, even Costco’s in on it). They break down what gold can and can’t do for your portfolio. Then it’s life insurance: if you’ve got an old whole life policy, is it still worth it, or should you cash it in and reinvest? They also help listeners navigate tricky tax planning moves, like tracking after-tax IRA contributions and understanding required minimum distributions (RMDs). Later, Victoria Bogner, Allworth’s Head of Wealth Planning, shares how one client used a covered call strategy to generate $90,000 a year—without selling a single share of stock. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders 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]. 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? Whether it's about retirement,
0:06.1	investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call
0:12.3	to join Allworth's Money Matters. Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:22.0	Welcome to Allworth's Money Matters, Scott Hanson.
0:24.3	Pat McLean, thanks for joining us, right? Glad you are here with us. It feels like this summer's
0:30.0	finally officially on. Oh, yeah, got the picture of your daughter. Lily graduated high school. High high school yeah ruby's going into eighth
0:40.9	eighth grade it's hilarious uh we'll get the finance stuff but the last couple weeks was
0:47.7	my daughter had pretty good grades all through high school a's and b's right and i'm like just get A's and B's and everyone's on the B's C in there.
0:56.5	Like, whatever.
0:57.2	I'm not going to...
0:59.0	Okay.
0:59.5	You try, but after a while you realize the kid's going to do what the kid's going to do.
1:02.8	And I was a 2.2 GPA in high school.
1:05.9	So just throwing that out there.
1:08.7	So everything looks I thought if I got more than a C I did something wrong
1:14.3	it was a little way to wait it was a it was a silent rebellion I think is what it was way to push
1:19.8	yourself yeah I don't know what that was I know and I don't want to with my kids but anyway so she had
1:25.1	A's and B's until this last semester because she was already
1:28.9	in college and she couple of weeks she's already been accepted to call it yes I'm sorry
1:33.5	she gets two C minuses and wow I'm like literally like we got like you can't you can't you got
1:41.7	you got to pass high school here like I needed to have her speaker like what's your show me your schedule the last couple weeks of school to make sure.
1:49.2	Do that? Yeah. Well can I still go out tonight? I'm like I you make your life choice. I mean you're at this point you're graduating high school. I hope you can figure out how to manage your own life, your time anyway. So you decide if you should see your boyfriend tonight or you should stay home and study.
	...

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