The COVID resistant market, savings advice for late bloomers, and required minimum distributions.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 15 January 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat begin the show by discussing the seemingly COVID-resistant stock market. A married caller with high income and no savings wants to know how she can make up ground. A 71-year-old caller wants information on required minimum distributions. Next, a 61-year-old with five separate retirement savings accounts wants to know which vehicle he should tap first. Lastly, a caller wants to know if he should sell his losing stocks.

Transcript

Click on a timestamp to play from that location

0:00.0	Would you like an opinion on a financial matter
0:05.0	you're dealing with?
0:22.6	Whether it's about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:32.4	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:40.2	Welcome to All Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us.
0:44.8	Glad you are with us. You are with a couple practicing financial advisors, myself and my co-host.
0:51.1	That is what we do during the week. Help people with their finances and come
0:55.2	broadcast on the weekend to be your financial advisors. And financial advice consists of asset
1:01.5	allocation, 401ks, IRAs, tax strategies, how to defer, how not to defer, how to recognize income,
1:09.1	how to move income downstream, how to cut expenses,
1:12.4	blah, blah, blah, all those things that surround your money, including risk, which is insurance.
1:19.4	And I'm not talking about life insurance or long-term care insurance, although that could be
1:24.2	part of it. We're not insurance salespeople. And making sure you've got, looking at what risk you might have in your portfolios
1:30.5	that can derail your retirement, derail your financial life.
1:35.0	Yes.
1:35.6	Yeah.
1:36.4	So that's what we do.
1:38.0	Yeah.
1:38.7	And, I mean, if you look at 2021, the stock migration shift is absolutely crazy.
1:45.4	It looks like...
1:46.0	A little more volatility happened to.
1:48.7	Two years into a pandemic.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Allworth Financial, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Allworth Financial and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.