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Money Matters by Allworth Financial

The CARES Act and its impact on you.

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 28 March 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat take a long-term perspective on the $2.2 trillion CARES Act. They discuss its potential impact on unemployment, your retirement, and more.  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

Answering your tough financial questions for the past 26 years, it's Allworth's Money Matters, with co-hosts Scott Hanson and Pat McLean.

0:17.0

Would you like an opinion on a financial matter you're dealing with, whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call.

0:28.3

To join Allworth's Money Matters, call now at 83399 Worth.

0:33.0

That's 83399 W-O-R-T-H.

0:39.1

Welcome to All-Wworth's Money Matters.

0:41.1

I'm Scott Hanson. I'm Pat McLean. It is the weekend of March 28th.

0:47.5

The world's changing so fast that it's like a number of things we've recorded in the last

0:52.6

couple weeks. We've sometimes even had the time of the day.

0:55.5

It, um, this is unbelievable, Scott.

1:01.9

Um, it's...

1:02.2

This is all worth money matters, by the way.

1:04.1

Oh, by the way.

1:04.7

It, uh, talking to a friend of mine today who works in the mortgage industry does these,

1:11.9

uh, how many do you say, hedges for mortgage companies.

1:15.4

We had a long discussion about what was going on in the stock market, but the bigger

1:21.3

story is actually in the credit market, the bond market.

1:25.9

It's every bit is big.

1:27.3

So there's multiple things obviously going on in, you know, market, the bond market. It's every bit is big.

1:32.6

So there's multiple things obviously going on in America.

1:37.6

Commerce has come to a complete stop. I mean, not a slowdown, not even it's at a stop.

1:46.4

Irrevocable changes in our lives.

1:50.4

We will be discussing some of our viewpoints on what's happening in the economy and the implications therein.

...

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