Mastering Your 401(k), IRA, and Retirement Taxes: Real Calls, Real Advice, Real Results

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 18 October 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat answer real listener questions about how to make the most of your 401(k) — from handling tithes and required minimum distributions to maximizing Roth conversions and managing multimillion-dollar retirement portfolios. You’ll hear stories from callers navigating retirement income, tax-efficient giving, and long-term wealth transfer — including a follow-up from a listener managing $5 million across IRAs and 401(k) accounts while planning for inheritance and charitable impact. With candid insights and practical advice, Scott and Pat explain how smart 401(k) and IRA strategies can help you reduce taxes, simplify withdrawals, and strengthen your financial legacy — all delivered with the straightforward, relatable style that defines Money Matters. 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?
0:09.0	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:19.0	Call now at 83399 Worth.
0:22.0	That's 83399 W-O-R-T-H.
0:26.6	Welcome to All-Worth's Money Matters, Scott Hanson.
0:28.9	Pat McLean, thanks for joining us.
0:31.2	Yeah, glad to be here as fall is in the air.
0:34.4	I don't know if you've got your pumpkins out, Pat.
0:37.3	I don't know why I'm talking about this.
0:38.7	This sounds horrible.
0:39.7	I feel like I'm...
0:40.4	But...
0:42.7	Never mind.
0:43.7	Let me start over.
0:45.1	Welcome to Allworth's Money Matters.
0:46.9	I received a solicitation that was a door hanger.
1:04.3	And it was someone that would bring to your house bales of straw and pumpkins and would set them all over the front of your house to decorate it for fall for $400.
1:09.7	I think it was $4.40.
1:10.7	$400? $400? $4.40. And what did you say? They knocked on your door? I wasn't home. I'm sure they probably knocked on my door, but it was a door hanger. And I thought, good for them. I'm not, I'm most certainly, I'm not going to spend $440. Well, Halloween has become way to commercialized. They've really forgotten the true meaning of it. All Hallows Eve, yes? I'm not a big Halloween celebration guy. I enjoyed it when the kids. But I do like fall. Anyway, this isn't about, we're not talking about weather. Let's go. But you like the fact that some, and my neighbor, I guess in your neighborhood, you're not allowed to be doing that either. Correct. And someone went in. Oh, I love the fact that someone's out there trying to make a living. I don't know, maybe they're making extra income. Maybe they were actually driving Uber or something or DoorDash. I've never done at DoorDash.
2:02.9	You've never doordashed food? Never.
2:06.5	You're really kidding me. No? Never done. Oh. You know my daughter does. Of course the kids do.
2:12.1	You know what she does? What? If it's like a Tuesday and she thinks she might be busy on Wednesday night, she door dashes on Tuesday night and then surrenders the cart at checkout.
	...

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