Roth Conversions & The $5M Case Study: Is Your Portfolio Too Concentrated?

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 844 Ratings

🗓️ 4 July 2026

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Money Matters, Scott and Pat dive into a $5M client case study on the hidden dangers of stock concentration and explain why a $1.5M Roth conversion might be your smartest tax move. They also tackle direct indexing and welcome Allworth partner advisor Victoria Bogner to share the story of "Jim and Karen." You’ll hear how this retired couple unknowingly had 35% of their $5 million portfolio tied up in just eight stocks—and how a shift in "asset location" saved them six figures in projected taxes. Key Topics Included: -Roth Conversion Strategies: Managing large pre-tax balances at age 65. -Direct Indexing vs. Cash: Understanding the risks and tax-loss harvesting. -The "Asset Location" Secret: Why the right account type matters for your bottom line. -The Saver’s Mindset: Transitioning from building wealth to enjoying it. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0	Hey, it's Scott Hansen. I hope you're having a wonderful July 4th. Pat and myself are both away,
0:04.8	but we do have a good show prepared for you today. We are discussing Roth conversion strategies,
0:10.3	direct indexing, and we've got a real client case study. So kind of walking through how we did something
0:17.2	there. So that'll be, I think you'll enjoy that. And as a reminder, if you'd like some free advice, reach out to us at Questions at Money Matters.com. We'll schedule time for you
0:26.0	to talk with us on the air.
0:34.3	Would you like an opinion on a financial matter you're dealing with?
0:41.4	Whether it's about retirement, investments, taxes, or 401ks.
0:47.2	Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:50.0	Call now at 83399 Worth.
0:53.7	That's 83399 W-O-R-T-H.
0:57.6	Welcome to Allworth's Money Matters, Scott Hanson.
0:58.3	Matt McLean.
1:01.0	Glad you're being part of the program.
1:02.2	Yes, yes.
1:03.0	As we are... You're not talking to me, we're talking to the listeners.
1:06.3	That's right.
1:07.0	Yeah.
1:07.3	But I'm glad I'm part of the program as well.
1:09.3	So you got that going for me
1:11.0	yeah it's it's interesting pat so it's 35 years we've been doing no 30 years 31 years we've
1:18.0	been doing this program almost 31 years okay um and do you still enjoy doing it mostly
1:26.0	mostly it's definitely easier well and you still enjoy doing it? Mostly.
	...

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