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Money Matters by Allworth Financial

Retirement planning for couples

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 8 August 2020

⏱️ 60 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the unique financial planning challenges for married couples. They also break down the differences between Donald Trump's and Joe Biden’s tax proposals in an exclusive podcast segment. Scott and Pat advise a Colorado man, with $2 million saved, about planning his retirement account distributions. A woman in California is trying to merge her vision of retirement with her husband's, who wants to continue working. Scott and Pat speak with a caller who is concerned about Social Security’s solvency. Finally, a recently laid-off husband, with $2.5 million saved, asks how he should take his pension. 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, it's Allworth's Money Matters, with co-hosts Scott Hansen and Pat McLean.

0:15.0

Would you like an opinion on a financial matter you're dealing with? Whether it's about retirement, investments, taxes, or 401k's,

0:22.6

Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.

0:28.3

Call now at 83399 Worth. That's 83399 W-O-R-T-H.

0:37.7

Welcome to All-W Worth's Money Matters.

0:39.8

I'm Scott Hanson.

0:40.9

I'm Pat McLean.

0:41.7

Glad you are with us as we talk about financial matters.

0:44.2

Both myself and my co-host here, we're both financial advisors,

0:48.2

helping people, primarily helping people transition from the workplace to retirement.

0:53.0

But that's actually helping them get ready for

0:55.8

the point when their work becomes an option and not an obligation. And then for those that

1:00.5

want to transition to retirement, we help them do that. And this program is designed to help

1:06.8

you take your calls, answer your questions, and talk about things going on in the financial

1:11.5

world so you make wise choices. And it's a, if you're within a few years of retirement,

1:16.4

and we don't really need to talk about what's going on in the world, but there was a recent

1:21.9

study that came out from Ken Dykewalt and Bob Morrison, who had, um, age wave, age wave, which is a firm that

1:31.5

we're very familiar with. It helps us kind of understand the demographics of the average retiree

1:36.8

and what they're thinking of, but I'm probably the same age as a lot of average retirees,

1:42.6

um, or soon to be retirees.

1:45.1

You're a little young for 50.

1:46.7

Yeah, of course you're young for retirement.

...

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