Roth versus Traditional IRAs, investment fads, and special guest Hal Hershfield, an award-winning UCLA behavioral psychologist.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 20 August 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat help a caller decide between a Roth or a Traditional IRA. They then discuss pensions and fad investments, before welcoming special guest, world-renowned behavioral psychologist, and UCLA Anderson School of Management professor, Hal Hershfield, who discusses politics, placebos, nature versus nurture financial decision making, the emotional differences between siblings, and the motivation behind various approaches to investing, saving, and money.

Transcript

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0:00.0	The Can't get enough of Allworth's Money Matters?
0:30.5	Visit allworthfinancial.com slash radio to listen to the Money Matters podcast.
0:38.5	Welcome to Allworth's Money Matters, Scott Hanson.
0:41.1	Pat McLean. Thanks for joining you.
0:43.2	That's right.
0:43.6	Glad you're here with us.
0:45.3	We talked about financial matters myself, my co-host.
0:47.6	We're both financial advisors, practicing advisors.
0:51.1	Actually, I mean, we might have a handful of clients anymore, but because we've got a lot of other
0:56.3	responsible as an organization, but we've spent 30 plus years helping people with their financial
1:00.6	matters primarily driven about retirement issues because for the vast majority of Americans,
1:06.2	that is their number one financial goal. And it's not that they necessarily want to retire while some do.
1:13.8	It's they want to be in a position so that retirement's a possibility.
1:16.8	Work is an option, not an obligation.
1:18.8	And the reality is, for most of us, there's going to come a time in our life when you can't work.
1:24.2	You can't really work.
1:25.0	And maybe the office says, you know, maybe it's best you don't come in anymore.
1:29.5	I have been asked three times in the last month why I haven't retired.
1:35.9	I turned 60 this year.
1:37.7	Three times in the last month, why haven't you retired?
1:41.1	And I said...
1:42.1	And from a financial standpoint, you could.
	...

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