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Money Matters by Allworth Financial

The bond market’s message

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 30 May 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the strange behavior of many stocks, and why the bond market is acting differently. Scott and Pat advise a man with $6.75 million saved looking to leave money to his children in a tax-efficient way. A postal worker asks if she will lose her $1,500 monthly pension. A Cincinnati caller is dissatisfied with his current 401(k) and wants to move his account to a new provider. Scott and Pat speak with a man who asks how the CARES Act affects his yearly $5,000 charitable contribution. A caller asks how he can diversify the $1.3 million in his deferred compensation plan. Register for our virtual workshop, “Be a Bull in a Bear Market” here.  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,

0:04.2

it's Allworth's Money Matters, with co- Scott Hanson. I'm Pat McLean. Thanks for joining us.

0:34.5

Pat and I are recording from our homes this week.

0:41.0

You'll notice that the calls were recorded a different time from our studio,

0:43.2

so that's why the sound quality is a little different,

0:45.4

but it's still same great show.

0:46.6

Glad you are here.

0:49.9

I know what I guess this is the last weekend of May 2020.

0:52.7

What week is this in the shutdown, Pat?

0:53.6

I don't attend. This is, yeah, I don't know.

0:56.1

But it, this, this thing.

0:58.8

It's been unbelievable.

1:00.6

It's got it.

1:01.0

It's just been, and we broadcast from California.

1:04.6

I know a lot of podcast listeners across the U.S.

1:07.5

are different places.

1:09.2

But just recently this week, they have now started to allow restaurants to open.

1:17.6

And hopefully in the next week, hair salons and ancillary businesses will be allowed to open.

1:26.4

Yep.

1:26.9

So anyway, here we, it's, it's, it's, it's been amazing. And I think, obviously,

1:32.2

it's a financial program and we'll talk about finances, but Pat what has been amazing is

1:36.1

the stock market. I mean, if you would have told me that the stock market would be really

...

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