Perspective on market volatility, a question about life insurance, and an IRA that’s bleeding money

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 4 June 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain why history will show that recent market volatility is temporary. Then they help a woman with an IRA that’s bleeding money. Are her investments too aggressive? Plus, guidance for a couple who wonders whether they should cash out their life insurance policies. Finally, a roadmap for a younger retiree who wants to do something with $75,000 in cash. Join Money Matters: Get your most pressing financial questions answered by Allworth's CEOs 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?
0:17.0	Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would
0:22.9	like to help you by answering your call to join Allworth's Money Matters. Call now at 83399 Worth. That's
0:30.1	83399 WORTH. Welcome to Allworth's Money Matters. I'm Scott Hanson.
0:37.7	I'm Pat McLean.
0:38.6	Super glad being with you as we talk about financial matters, a bit about the markets right now because they've been a little up and down.
0:47.0	Hard to ignore.
0:48.2	Hard to ignore, I suppose.
0:49.3	And we'll talk some more about just good financial planning principles and ways that you can techniques and good
0:56.7	choices with your finances just a quick reminder and all this volatility in the marketplace
1:01.9	this two shall pass this two shall pass it is a normal part of the economic cycle. Stocks historically have gone down, what,
1:15.5	once out of every three years and the average decline is about nine months. That's right.
1:21.4	Historically, about every three years, you lose money owning stocks. And remember, not every
1:27.2	stock comes back.
1:29.8	There are broad baskets of stocks, which is companies.
1:33.6	Companies.
1:34.6	I think it's hard because it's been, we had the last kind of major downturn was during
1:41.0	the early days of the lockdown.
1:43.5	And there was lots of fear about everything.
1:47.3	Are we going to die of the virus?
1:48.8	That was one, right?
1:49.6	Yes.
	...

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