Is COVID-19 changing the way you think about money?

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 10 October 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott discusses his experience contracting COVID-19. Scott and Pat also take several calls from investors who are considering changing their financial strategies based on the headlines. Scott and Pat advise a Denver man who has 50% of his savings in Real Estate Investment Trusts and is considering selling his REITs. A caller put 95% of her retirement savings into government bonds in March and asks how she should reenter the stock market. Scott and Pat speak with a Charlotte woman who owes $360,000 on her mortgage and asks if she should try a velocity banking technique. Finally, a proud market timer asks if he should exit the market before the election. Click here to register for our 7 Personal Decision Points virtual retirement planning workshop. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0	Answering your tough financial questions for the past 26 years,
0:04.2	it's Allworth's Money Matters, with co-hosts Scott Hanson and Pat McLean. Would you like an opinion on a financial matter you're dealing with?
0:33.8	Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat
0:39.3	McLean would like to help you by answering your call to join Allworth's Money Matters. Call now at
0:44.7	83399 Worth. That's 83399 W-O-R-T-H. Welcome to Allworth's Money Matters. I'm Scott Hansen. I'm Pat McLean. Thanks for joining us.
0:57.6	That's right. Glad you're with us today as we talk about financial matters, both myself and my
1:02.0	co-host here. We are both financial advisors, certified financial planner, chartered financial
1:06.5	consultant. We help people plan their financial future and I'm glad you are here with us as we're
1:13.5	talking about financial matters. And I'm glad you're here, Mr. Hansen. It's been a while since I have
1:17.8	seen you and will you share with me and the rest of the listeners what has gone on in your and your
1:24.6	family's life as of so So if you noticed that last week
1:27.9	and we had a best program where we ran some calls.
1:31.4	So my family and myself all contacted COVID.
1:37.6	We got COVID.
1:38.5	I just got over COVID.
1:39.8	And did you know where you got it?
1:42.4	No, so they had so I'll give it.
1:44.6	So it was a couple weeks ago.
1:46.2	We flew out to visit my oldest daughter in Denver.
1:52.8	We were there for the weekend, came back.
1:57.0	The next day my wife had a bit of a sinus issue, had that for a couple days, and she felt really fatigued.
2:05.0	Like, she was just really, like, I don't get it.
	...

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