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Money Matters by Allworth Financial

Markets Are Resilient But, How Will Unemployment Impact Businesses?

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 23 May 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat take several calls and discuss the resiliency of the markets, but the impact of the high unemployment rate on businesses reopening. Scott and Pat advise a long-time listener who will be turning 65 and wants to know how he should allocate his investments. A great saver asks how to move his investments back over to the retirement side to avoid tax consequences. A caller has decided to go back to work for a short time instead of retiring fully and wants to know if he should save money to a Roth 401K. Lastly, a teacher asks about the best pension option for his future retirement. 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, it's Allworth's Money Matters, with co-hosts Scott Hanson and Pat McLean.

0:19.1

Would you like an opinion on a financial matter you're dealing with?

0:22.2

Whether it's about retirement, investments, taxes, or 401ks.

0:26.4

Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's

0:31.5

Money Matters.

0:32.6

Call now at 83399 Worth.

0:35.4

That's 83399 W-O-R-T-H.

0:40.3

Welcome to All Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thank you for being part of our program, both myself and my co-host here. We're both financial advisors, certified financial planner, chartered financial consultant. We spend our weekdays helping people like yourself.

0:55.1

Of course, we've been doing that virtually via Zoom on the last several weeks when we are here on the

0:59.4

weekends broadcasting. Actually, we're in the studio today. We came to the office. Yes. We have our

1:07.8

social distance. Although, you know, it's, I don't get it in that. All right.

1:11.3

We'll go.

1:13.8

Well, some parts of the world, it's three feet.

1:17.1

Europe is a meter and a half, which is four and a half feet.

1:18.2

And we're six.

1:21.1

And you better tape the tape measure out because if it's five and a half.

1:22.7

And I must say I had... I went out to a dinner this week.

1:25.0

Congratulations. Like a real restaurant. I sat, they exceeded me,

1:29.2

brought me a drink,

1:30.7

I had a nice steak,

1:32.6

dessert.

1:34.4

It's like the old school.

...

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