Mortgaging the future

Money Matters by Allworth Financial

Allworth Financial

Investing, Business, Business:investing

4.7 • 839 Ratings

🗓️ 30 January 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat discuss how listeners can plan for Social Security’s funding crisis, the impact of low-interest rates on public pensions, and what rising government debt could do to our future economy. Scott and Pat advise a mother of triplets about how her children should invest gifts of $13,000 from their grandmother. A 33-year-old law enforcement officer asks how Social Security’s Windfall Elimination Provision could affect his future benefit. A caller asks if he should invest in passive or actively managed funds. Finally, Scott and Pat speak with a 24-year-old Coloradan who racked up $42,000 in debt and wants to know how he should handle the loans. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

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, visit Allworth Financial.com
0:29.3	to listen to the Money Matters podcast.
0:34.4	Welcome to Allworth's Money Matters, Scott Hanson.
0:37.5	Pat McLean.
0:38.4	Glad you are with us today, both myself and my co-host here.
0:41.4	We are both financial advisors, certified financial planner, charter financial consultant.
0:46.5	We spend our weekdays with people like yourself.
0:48.6	We broadcast our program on the weekends to be your financial advisors on the air.
0:53.9	And it's always good to have you with this.
0:56.6	If you've been a listener for a while, you know, most of the topics we talk about are
1:01.2	retirement-related issues when it comes to finances and making sure things are structured
1:05.7	well with your finances.
1:07.2	And we cover things all the way from investments 401ks IRAs we how do you
1:13.4	credit a retirement income stream mortgages reverse mortgages insurances and roth
1:20.2	conversions long-term care taxes everything that has to do with that sounds pretty
1:25.0	exciting minor estate planning people started to change yeah just drop the program they're like oh i thought this was the i think we're
1:32.2	going to the gardening show i thought this was the crop report the crop report you ever listen to
1:37.5	the crop report i have no i don't listen to it yeah it runs It runs early morning. I have tremendous respect for farmers.
1:45.8	I have zero desire to be one.
1:47.7	Oh, it would.
1:48.4	Less than zero.
	...

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