Taxes, Direct Indexing, and Concentrated Stock Diversification Strategies for Smarter Wealth Planning

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 23 August 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat dig into market performance, tariffs, AI, interest rates, and long-term planning. At the heart of the episode are three essential topics: taxes, direct indexing, and concentrated stock diversification strategies. They help a young family balance life insurance with retirement savings, guide a retiree facing a heavy dividend tax bill, and show why smart planning matters at every stage. Along the way, they reveal how taxes can quietly erode wealth, why direct indexing creates new opportunities for tax-efficient investing, and how concentrated stock diversification strategies protect those holding too much company stock. Whether you’re building wealth, preparing for retirement, or simply trying to minimize taxes, this episode blends practical advice with advanced insights to help you secure your financial future. 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?
0:06.2	Whether it's about retirement, investments, taxes, or 401ks,
0:10.1	Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:16.2	Call now at 83399 Worth. That's 8-99 W-O-R-T-H.
0:23.2	Welcome to Allworth's Money Matters, Scott Hanson.
0:25.7	Pat McLean, thanks for joining us.
0:27.8	You know, it's funny, Pat.
0:29.7	We've been doing the show a long time.
0:31.8	And as I'm driving into the studio today, I'm thinking,
0:34.3	oh, man, I've been in this long time.
0:37.2	And I started thinking about all of the shows that eventually ended. And I thought, but now that I'm here, I'm having a great time. Isn't that so much about life? Not just radio show. Work in general, some relationships, Christmas with the family. I'm not talking to my daughter. She was debating now. She was going to go to some events.
0:54.4	It was like, it was a church youth group thing.
0:52.2	I don't know if I want to go tonight. Should I go down? Should I not go? I don't know if I want to go. And I said, when was the last time that you decided that you went, you had, we're going through this and you went and you regretted going. And she said, I can't think of any.
0:53.1	Well, then maybe you should go.
0:54.1	Perfect.
1:11.2	You'll see all your friends. and you regretted going. And she said, I can't think of any. So then maybe you should go.
1:12.2	Perfect.
1:14.7	You'll see all your friends.
1:18.6	It's a good, wholesome atmosphere, and all that's the same way I work.
1:20.2	Jim, what's the life?
1:22.1	So, Scott.
1:23.5	Anyway, we're financial advisors.
	...

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