Millionaires and Roth Conversions, Midlife Money Moves, and Private 401(k) Investments

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 26 July 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat tackle real-life financial questions from listeners across the country. From a 74-year-old millionaire navigating Roth conversions and legacy planning, to a military retiree wondering if he’s behind financially—this episode covers the full spectrum of money challenges. Plus, insights on private investments sneaking into 401(k)s and the financial upside of flying business class. Honest, helpful, and always practical. 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?
0:07.6	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would
0:13.7	like to help you by answering your call to join Allworth's Money Matters.
0:18.0	Call now at 83399 Worth.
0:20.8	That's 83399 W-W-R-T-H. Welcome to All-W-R-Money Matters, Scott Hanson.
0:27.8	Pat McLean. Super glad you are joining our program today as we talk about financial matters. Yes.
0:35.9	We take calls and try to help people.
0:39.1	Yeah.
0:39.6	And I got to say, we're in the studio.
0:40.9	I just got a text right before we started recording.
0:44.2	My nephew married a girl from Columbia.
0:50.9	They actually met, they were in a program where he wanted to learn Spanish and she wanted to learn English.
0:56.0	Okay.
0:56.3	And they were matched and they were doing all these Zoom or whatever technology they're using to help teach one another and fell in love.
1:05.4	She moved to the States.
1:07.0	They got married.
1:08.6	And today, she just, I just got a text.
1:10.7	She just became a U.S. citizen citizen Oh, congratulations to our Colombian friend. I don't know, I was excited. I'm super excited for my nephew. How old are they? Late 20s. And they got married already. Yeah, married. She's a U.S. citizen. I love that. What a great country. It is. Anyway. Have you ever been to Columbia? No, but I'd like to go sometime. My oldest went a number of times. A number of times. What do you mean a number of times? He was living in Ecuador, so he would just go there. and he said it was beautiful although he did tell me
1:46.8	the third time he was stopped by um the police officer one day because he's a white guy with red
1:54.9	hair so he stands out in columbia he said the third time he was stopped driving his car for the shakedown of the money, he just told the guy no. Oh. This was probably 10 years. He was in college at the time. He was in college. He was studying there for five percent. He was studying in Ecuador for five years. But he just, I said, what do you mean? You told him no. He said, in Spanish, I said to the guy, you're number three.
2:18.2	I don't have any more money to give you guys.
2:20.4	So you're going to have to go away.
	...

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