Roth IRA Strategy, High-Net-Worth Moves, and Building Wealth with $6M+

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 20 December 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What would you do with over $6 million? In this episode of Allworth’s Money Matters, Scott and Pat take a call from a couple in their early 60s with a net worth exceeding $6 million. The big question: should they use funds from their Roth IRA or brokerage account to cover a major expense? The conversation explores smart strategies for managing cash flow, deciding which accounts to draw from (Roth IRA vs. taxable), and why proactive tax planning is critical. Plus, the guys break down the concept of defined contribution plans and when they make sense—especially for high earners weighing long-term tax benefits against immediate priorities like home purchases or lifestyle flexibility. Finally, Allworth advisor Mark Shone joins to share expert portfolio strategies for navigating market volatility, from tax-loss harvesting to charitable giving with appreciated stock. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders 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?
0:06.4	Whether it's about retirement, investments, taxes, or 401ks.
0:10.6	Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's
0:15.6	Money Matters.
0:16.7	Call now at 83399 Worth.
0:19.6	That's 83399 W-O-R-T-H. Welcome to Allworth's Money Matters, Scott Hanson.
0:26.9	Pam McLean, thanks for joining us. Yeah, glad you're here with us as we are coming into Christmas time.
0:33.1	Yes. End of year. Yes. If you haven't done your financial moves by now, it's probably pretty close to too late. Pretty close to. You can still do a few things. Yeah, you can still do a few things. You can set up a 401K. Yeah, we already talked about that. Yeah, we did all that a couple weeks. We're not going to anymore. Yes. We've got fresh stuff to talk about today and taking your calls. By the way, one of the favorite things that we do in the program is taking calls because
0:59.9	it gives us a chance to, when we were younger advisors, we took on new clients.
1:07.7	And that was always, I think, a thrilling time just because it's interesting.
1:11.5	We enjoy the calls because they're interesting. They're challenging. They,
1:14.3	questions throwing us. We don't do, by the way, we don't do research ahead of time.
1:19.8	We show up in the studio and see who's going to schedule to call and do the financial,
1:25.5	kind of a very rough financial planning quick with our caller.
1:30.7	So if you're dealing with something financial, maybe somebody is recommending something
1:35.1	and you want a second opinion or you've got an advisor that you're thinking, is this gal
1:40.5	or guy really, is this really the best kind of advice I'm receiving?
1:43.4	You want an opinion on that?
1:44.9	Or maybe just do things on your own and you're thinking,
1:47.8	eh, I should run these by some other folks.
1:50.2	I'd love to take your call.
1:51.1	The best way to get on the program is simply send us an email,
	...

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