Tax Efficient Strategies for Million-Dollar Portfolios: Roth Conversions, AI Investing & Stock Risk Management

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 6 June 2026

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you make smart financial decisions after you've already built significant wealth? In this week's episode of Allworth's Money Matters, Scott and Pat help a retired couple with an $11 million portfolio evaluate Roth conversions, estate planning, charitable giving, and strategies to improve tax efficiency. Then they speak with a 52-year-old listener navigating uncertainty in the alcohol industry while balancing retirement savings, college expenses, and cash reserves. Should he use taxable assets to maximize his 401(k) contributions? Scott and Pat weigh in. The episode also features Allworth advisor Laurie Ingwersen, who explains how investors with concentrated stock positions can reduce risk while improving tax efficiency. Laurie shares a real-world case study of a client whose portfolio was 70% invested in a single stock and the strategies used to diversify, manage taxes, and preserve long-term wealth. What You’ll Learn: -Whether Roth conversions still make sense for high-net-worth retirees -How to improve tax efficiency through smarter asset location and portfolio design -When it makes sense to use taxable assets to maximize retirement savings -Strategies for reducing risk in concentrated stock positions -How to balance wealth preservation, charitable giving, and legacy planning 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	Would you like an opinion on a financial matter you're dealing with?
0:08.7	Whether it's about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:19.0	Call now at 83399 Worth. That's 83399 W-O-R-T-H. Welcome to All-Worth's Money Matters, Scott Hanson.
0:28.3	Hi, McClain, thanks for joining us. Glad you are with us as we talk about financial matters. And as usual, we've got a great show lined up with some... We think so.
0:37.9	A couple good callers and guests.
0:41.0	Yes.
0:41.4	Talking about some stuff that's going on in the financial world.
0:45.1	First week of June.
0:47.4	I know.
0:48.0	You look at April and May, the market.
0:52.4	And the whole time this was happening, I mean, they were on fire.
0:57.6	Market melt up, it feels like.
1:00.1	But you look at what was going on globally, and you're like, is there a disconnect here?
1:07.8	Or is there frenzy or? Well, one of the question is do you do you listen
1:14.2	to the headlines or do you or do you listen to what the market's saying because they're two
1:21.1	completely different stories completely different stories yeah yeah and AI obviously continues to propel this. And maybe we're in a bit of a bubble in AI, some of the AI stocks. Most of the AI stocks aren't even public. But they expect that they will be. But or are we really increasing earnings because earnings have come up significantly,
1:44.9	are really increasing earnings because of some of the AI efficiencies
1:49.2	that are actually being brought to business.
1:51.1	And I've read articles that said there's absolutely none.
1:54.4	And then I've read articles that say there's all kinds of benefits.
1:58.3	And there's companies that are saying, whoa, we're spending too much on these
2:01.4	tokens. And so we need to cut back. We've got to cut our budget. Or we've already exhausted our budget
	...

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