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Money Matters by Allworth Financial

The 2% plummet

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 24 July 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the stock market’s recent turbulence and how the media can sensationalize minor price swings. Scott and Pat advise a man on how to handle 401(k)s worth $125,000 that were awarded to him from a divorce settlement. A caller is the executor of her brother’s estate and asks how she can access his Thrift Savings Plan with little documentation. A caller leaving California asks how he can avoid capital gains taxes on the sale of a home worth $550,000. A man asks how he can recover a 401(k), worth $40,000, that he lost track of decades ago. Finally, Scott and Pat advise a caller with $2.5 million in cash on what questions he should ask a financial advisor. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

Click on a timestamp to play from that location

0:00.0

Would you like an opinion on a financial matter you're dealing with?

0:21.4

Whether it's about retirement, investments, taxes, or 401ks,

0:25.7

Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.

0:31.4

Call now at 83399 Worth.

0:34.1

That's 83399 W-O-R-T-H. Welcome to All Worth's Money Matters. I'm Scott Hanson. I'm Pat

0:42.5

McLean. Thank you for joining us today as we talk about financial matters, both myself and my

0:46.8

co-host here. We're both financial advisors, certified financial planner, chartered financial

0:51.0

consultant, spend our days during the week with people like yourself

0:55.0

helping them plan their financial futures and broadcast during the weekend, severe financial

0:59.6

advisors on the air.

1:01.1

So whether you're listening to us to trust your radio on the weekend or through a podcast, wherever

1:06.0

you are, glad you are here with us.

1:09.3

And we run the show on the radios, but it's taped.

1:13.0

We run the show on the weekends for the radio, but it's taped during the week.

1:17.9

And we probably have more podcast listeners than we have terrestrial radio.

1:22.1

So the...

1:22.6

I don't know how many of them actually get through the entire program.

1:25.2

I understand that.

1:26.7

But if you're a podcast listener and you'd

1:29.8

like to join the show, it's this easy. Now, 83399 worth, 83399 worth. And they'll schedule

1:37.5

they, being the people that work on the radio show, the producers, will schedule a time for you

1:43.9

to join us on our show for your

...

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