Nobody predicted the market’s rebound

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 6 June 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the stock market’s wild ride and the financial products that burned many retirees. Scott and Pat advise a caller with $2.3 million saved who asks if he should spend down his cash or continue his Roth conversion strategy. A California man wants to buy a second home in Nevada and asks how he should pay for the house. Scott and Pat speak with a caller who asks if he is on track to retire well. Finally, a caller wants to know if he can return his RMD that he took out in January. 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,
0:04.2	it's Allworth's Money Matters, with co-hosts Scott Hanson and Pat McLean. Would you like an opinion on a financial matter you're dealing with?
0:36.0	Whether it's about retirement, investments, taxes, or 401ks.
0:40.3	Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:46.3	Call now at 83399 Worth.
0:49.3	That's 83399 W-O-R-T-H.
0:53.3	Can't get enough of Allworth's Money Matters?
0:56.4	Visit allworthfinancial.com slash radio to listen to the Money Matters podcast.
1:03.0	Welcome to Allworth's Money Matters.
1:05.1	I'm Scott Hanson.
1:06.1	I'm Pat McLean.
1:06.8	Glad to be with you on, we're broadcasting this on June the 6th and here in the studio.
1:13.4	And it's nice to be in the studio.
1:15.1	Sometimes we've done some stuff from home, but we're in the studio today, practicing social distancing.
1:20.6	We are back in the office.
1:22.2	Yeah.
1:22.8	As our world slowly kind of...
1:29.4	Reopening, reopening the economy. You wouldn't know that anything had really changed with looking at the stock market.
1:32.8	I, uh, look, for every investor needs to remember this season.
1:42.0	That's right.
1:42.8	In the future, when you, when you look at something you think,
1:45.6	oh, maybe stocks, maybe whatever asset class it is, maybe things are overpriced, or I think things
	...

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