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Allworth Financial‘s Money Matters

The crypto crisis, the impact of interest rates on pensions, and where to allocate an inherited IRA.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9782 Ratings

🗓️ 19 November 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain why the current crypto crisis was bound to happen. A Texas man with a pension wants to know whether he should retire at the end of the year. You’ll hear advice for a caller who says his company “medically retired” him. Plus, help for a Missouri man who just wound up with an inherited IRA worth $115,000.   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

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

0:13.0

Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would

0:19.2

like to help you by answering your call to join Allworth's Money Matters.

0:23.3

Call now at 83399 Worth. That's 83399 W-O-R-T-H.

0:32.7

Welcome to All-Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for being with us.

0:37.8

That's right. Glad you are joining us as we talk about financial matters, both myself and my co-host, both practicing financial advisors for over three decades, doing this program for 27 years.

0:49.6

Not long.

0:50.1

When you make wise choices about your money, We've been through lots of market cycles.

0:54.7

Yes, many, many, many.

0:56.6

Lots of the, yes, I was at the gym the other day and someone says to me,

1:02.5

yeah, you must be going crazy.

1:04.4

I said, not really.

1:07.1

He said, how could you not?

1:08.9

He said, well, first of all, we talk about these down markets with clients on a regular basis,

1:15.3

even though you're not in a down market because it's how they reacted down markets is really important.

1:22.2

So you prepare them for down markets.

1:25.1

Well, I had a doctor's appointment this week. This doctor I hadn't seen

1:29.7

in about 15 years. And he says to me, Scott, I don't know how you do your job. I said,

1:37.5

what do you mean? He said, well, a few weeks ago, I'm looking at my statement.

1:45.0

Everything's down.

1:51.2

And then I read that we only have 25 days left of diesel supply, supply chain problems.

1:55.6

And he said, I started thinking, if there's not diesel, the economy's going to shut down.

...

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