The best way to steer yourself through market volatility, plus lessons on inheritances, dividends, divorce, annuities, and estate planning.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 5 November 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain the best way to steer yourself through market volatility, while still leaving room for growth. They help a Washington woman whose inheritance is largely tied up in several annuities. A man who can’t find work wants to know whether he should throw in the towel and retire. You’ll hear Scott and Pat discuss the impact that divorce can have on estate planning. Finally, a lesson on whether reinvesting dividends makes sense. Join Money Matters: Get your most pressing financial questions answered by Allworth's CEOs 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	Can't get enough of Allworth's Money Matters,
0:10.0	visit allworthfinancial.com slash radio to listen to the Money Matters podcast.
0:16.6	Welcome to Allworth's Money Matters.
0:18.7	I'm Scott Hanson.
0:19.7	I'm Pat McLean. Thanks for joining us.
0:21.5	Glad you are with us, both myself, my co-hosts. We're both financial advisors. Our objective is helping people make wise choices with their dollars so that they can come to a point in their life where they have some financial independence. Work is an option, not an obligation, and help people make some sense out of what goes on in the world
0:40.8	and how they're supposed to manage their finances.
0:43.1	Is it make sense?
0:44.5	Or I was thinking about this on the drive-end today.
0:48.3	Because we talk about making sense of it.
0:51.1	It is, is it really just reconciling with it emotionally that you have no control over it
0:56.2	and a broadly diversified. That's part of it. Yeah. Then a broadly diversified portfolio, uh,
1:01.8	is, um, the most sure way to steer yourself through this. I tell you, and still have room for
1:09.7	growth. It's amazing when you look at the studies.
1:14.2	I mean, I guess there's people that go to Vegas and they play blackjack, which is a zero-sum game.
1:19.4	Then the house takes its cut.
1:20.7	You're bound to lose.
1:21.6	You play long enough, right?
1:22.7	Yes.
1:23.0	Even if you play every hand perfectly, exactly what you're supposed to do by the book,
1:27.2	you're going to lose long term, right?
1:29.6	Yes.
	...

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