Managing Millions: Helping Your Kids Financially and Using Charitable Trusts to Boost Retirement

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 15 November 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat take a call from a listener sitting on a $9 million nest egg—$4.5 million in a taxable account, $3 million in Roth, and $1.6 million in a traditional IRA. He doesn’t need more growth, he’s not worried about his own retirement, and now he’s asking: Should we start helping the kids financially now, or wait? The twist? His kids don’t want the money—and he doesn’t want to mess up their independence. It’s a real-world conversation about smart gifting, capital gains strategy, and how to share your wealth without regret. Then, a 62-year-old federal employee calls in with over $1 million in her federal retirement account, a pension on the way, and rental income—but she’s also stuck with a 7% mortgage on one of her properties. Scott and Pat explore whether she should draw from her savings, start Social Security, or consider a charitable remainder trust to maximize income and minimize taxes. 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,
0:06.4	investments, taxes, or 401ks. Scott Hansen and Pat McLean would like to help you by answering your call
0:12.5	to join Allworth's Money Matters. Call now at 83399 Worth. That's 83399 W-O-R-T-H. Welcome to All Worth's Money Matters, Scott Hanson.
0:24.3	Pat McLean, thanks for being here. Yeah, glad you are with us. We're talking about financial matters and, yeah, good times.
0:34.9	Huh? Yes, good times. Yeah.
0:37.8	We'll take some calls.
0:39.0	Also talk about some things going to the market.
0:40.8	I'm going to kick off, Pat, with, and maybe this doesn't impact most of our listeners,
0:46.5	but it does, they're family members.
0:49.3	And adjustable rate mortgages.
0:52.4	Okay.
0:53.4	Are making a comeback. 10% of mortgages. Okay. Are making a comeback.
0:55.6	10% of mortgages that have been issued recently were adjustable.
1:01.3	If you look at from home builders, it's much higher than that.
1:05.1	Because people buy...
1:06.4	Are they fully adjustable or just buy downs?
1:10.2	Homebuilders oftentimes will buy down someone's mortgage. No, these are like adjustable or just buy downs? Home builders oftentimes will buy down someone's mortgage.
1:12.7	No, these are like adjustable or five or a five year clip.
1:17.3	32 and five, 32 and seven. And they're back. They're back. They're back. They're back. And look.
1:27.2	I did read an article about someone that bought a brand new home and the builder had bought down the interest rate.
1:33.4	And then they couldn't believe that the payment went up by $2,000 a month in the second or third year.
1:39.8	I'm like, come on.
	...

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