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Money Matters by Allworth Financial

Having Too Much Company Stock Can Be Risky

Money Matters by Allworth Financial

Allworth Financial

Investing, Business, Business:investing

4.7839 Ratings

🗓️ 12 May 2018

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the potential risks that exist when an investor is overweighted in their company’s stock. They also take several calls and talk about how financial planning is a dynamic process that should evolve and change as an investor’s life changes. Scott and Pat take a call from a man who wants to know if he should purchase a whole life insurance policy. A woman who has a $100,000 in a 401(k), wants to know if she should move the money to CD ladders to avoid risk. A caller’s mother has gifted her $14,000 and planned to gift her more money; the caller wants to know how much she can be gifted before she will owe taxes. A man who is 66 wants to know if he should take his Social Security or wait until his full retirement age at 70.

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, with co-hosts Scott Hanson and Pat McLean.

0:26.6

Would you like an opinion on a financial matter you're dealing with? Whether it is about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call.

0:35.6

To join Hanson McClain's Money Matters, call now at

0:38.8

1-8-8-2-H-A-N-S-O-N. Welcome to Hanson-N-Mac-Mecl. I'm Scott Hanson. I'm Pat McLean.

0:52.5

Thank you for joining us. Yeah yeah glad you're here with us we

0:55.1

talk about financial matters investing savings planning for retirement mortgages paying for the kids

1:04.1

education all things financially related um both myself and my co-host we we are a financial advisor, certified financial planner,

1:11.6

chartered financial consultant. We spend our weekdays meeting with people like yourself, helping them

1:16.2

plan their financial future. And we spend our weekends here, helping you. Not the whole weekend,

1:22.3

part of it. Yeah, part of it. An hour. Yes. Yeah, a little less than an hour. You've got a couple of breaks here and there.

1:29.1

And the thing about financial planning, we talk about planning the future.

1:33.3

It's years ago, we used to do these massive financial plans, big three ring, three,

1:40.5

called master plan, master plan.

1:42.7

Every little detail on there.

1:44.0

But the further you go out

1:45.8

in the future the less relevant it becomes right yes yes because it's just that's that's you change

1:52.9

life changes financial situations change the financial mark i mean sometimes like young

1:57.0

engineers have a hard time with planning their finances because there's, like,

2:02.2

because it's more, uh, because young engineers are, want the science.

2:07.4

Every part of it needs to be science.

2:09.1

It needs to be, which is exactly what you want out of an engineer, by the way.

2:13.3

Yeah, that don't do.

...

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