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Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 4 July 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat take tough financial questions from callers and discuss the inherent conflicts associated with the commission-based advisor model. Scott and Pat advise a caller on taking advantage of the low interest rate environment to refinance a home and discuss whether it’s wise choice to roll credit card debt into the loan. A Colorado caller asks Scott and Pat about savings bonds she’s managing as part of her late sister’s estate and questions the fee she pays for basic investment planning with another organization. A Chicago man wonders whether he should delay taking his benefit from the government-run Pension Benefit Guarantee Corporation - concerned with its long-term solvency. A business owner asks about his commission-based financial advisor’s encouragement to bring on a variable life insurance plan. And, Scott and Pat speak with a retiree who questions whether to lean more toward index funds or individual stocks, discuss the risks of corporate bond ladders, and is advised on the benefits and risks associated with managing his own portfolio vs. working with a certified financial advisor. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com. Download and rate our podcast here. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Transcript

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0:00.0	Answering your tough financial questions for the past 26 years, it's Allworth's Money Matters, with co-hosts Scott Hansen and Pat McLean.
0:10.1	This week's show was pre-recorded at an earlier date.
0:13.9	Would you like an opinion on a financial matter you're dealing with?
0:17.2	Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would
0:23.0	like to help you by answering your call to join Allworth's Money Matters. Call now at 83399 Worth. That's
0:30.2	83399 W-O-R-T-H. Welcome to All-Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean.
0:38.4	Glad you are with us on this, the 4th of July weekend, right?
0:42.8	Yeah. It's the 4th of July. We're not taping. This is a tape show, so we're not actually here on the 4th of July.
0:51.4	Yeah. We are not.
0:53.6	I actually don't know where I am on the 4th of July. Yeah. We are not. I actually don't know where I am on the 4th of July, but...
0:57.0	What?
0:58.9	I don't know where I'll be on the 4th of July.
1:00.5	Okay, because it's been recorded because we don't work...
1:02.5	We're not working on 4th of July, so that's what.
1:04.0	But we still have a fantastic program for you and relevant topics, relevant information, and new to you.
1:09.3	So it's not like it's doing any reruns.
1:11.5	You know, it's funny because I was talking to someone, and I think we pre-recorded shows will
1:16.6	state now. Television, very common they'll do pre-recorded shows and air the shows, always with
1:23.6	guests and everything else, but radio, I think historically has been more live shows,
1:28.2	although most so often shows now are run at a different time than what you, in any case,
1:35.3	it's irrelevant because we're here.
1:37.3	It doesn't, but thank you.
	...

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