Social Security’s funding crisis is here

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 25 July 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the pandemic’s impact on the future of Social Security, and what it could mean for your benefit. Scott and Pat advise a man regarding how much he should save in his company’s stock. A newlywed beekeeper asks how he should plan for his wife’s disability coverage. A Michigan caller, with a $96,000 yearly family income, asks if he should save in a Roth IRA. Scott and Pat speak with a recently laid-off worker with $2.5 million saved who is planning for his Social Security benefits. Finally, a Sacramento caller asks if a fixed annuity will help diversify his savings. 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.
0:16.2	Would you like an opinion on a financial matter you're dealing with, Whether it's about retirement, investments, taxes, or 401ks,
0:23.8	Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:29.5	Call now at 83399 Worth.
0:32.2	That's 83399 W-O-R-T-H.
0:37.3	Welcome to All-W Worth's Money Matters.
0:39.8	I'm Scott Hanson.
0:41.1	I'm Pat McLean.
0:42.2	Thanks for being part of our program today.
0:44.2	Both myself and my co-host here, we're both financial advisors, certified financial planner, charter
0:49.0	financial consultant.
0:50.0	We spend our weekdays.
0:52.0	All that basically means is that we are practicing financial advisors. We spend our weekdays working all that basically means is that we are practicing financial
0:54.9	advisors.
0:55.2	We spend our weekdays working out of our home office on a Zoom.
1:01.4	With shorts on, shorts and flip-flops on the bottom and a work shirt on top.
1:06.9	Yes.
1:07.4	And I actually, my wife has been gone.
1:20.6	She was... So we're practicing financial advisors during the week. And we do, we put together a little program that we broadcast on the weekends so that we are your financial advisors on the air.
1:31.6	My wife has been out of town for a couple days, helping one of my children move back to Los Angeles where he thought he was going to go to college, but it now looks like online, but I think he's happier with living away from us as are we.
1:38.3	But she asked me, like, what have you been doing for the last three days?
1:41.6	Talking to her.
	...

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