The early retirement “choice.”

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 17 October 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's Money Matters, Scott and Pat discuss the pandemic's uneven economic effects and the reason why the cost of refinancing a mortgage will rise soon. Scott and Pat advise a Colorado investor who, just before the market crash back in March, put half of his portfolio into energy stocks. (He wants to know if he should pull out of the market now.) A 62-year old caller with a $90,000 annual income wants to know when she should file for Social Security. Finally, a retired logistics manager with $4.6 million saved wants to know how he can lower his taxable investment income. Click here to register for our 7 Personal Decision Points virtual retirement planning workshop. 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, it's Allworth's Money Matters, with co-hosts Scott Hanson and Pat McLean.
0:18.7	Would you like an opinion on a financial matter you're dealing with?
0:22.0	Whether it's about retirement, investments, taxes, or 401Ks,
0:26.1	Scott Hansen and Pat McLean would like to help you by answering your call.
0:30.0	To join Allworth's Money Matters, call now at 83399 Worth.
0:34.7	That's 83399 W-O-R-T-H.
0:39.8	Welcome to All-Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean.
0:43.8	Glad you are here with us as we're talking about financial matters, both myself and my co-host here.
0:48.7	We're both financial advisors, certified financial planner, chartered financial consultant.
0:53.6	We spend our weekdays with people like yourself come here on the weekends, being your financial advisors on the air.
0:59.5	And it has been obviously a very interesting year when it comes to financial matters.
1:05.9	For some, it's been absolutely disastrous.
1:09.4	Lost their jobs, sometimes two couples that both lost
1:12.5	their jobs, single moms with a couple jobs, lost both their jobs. I mean, for some people,
1:17.6	it's been disastrous. For others, it's been a boom time. It's really, it's been a bizarre,
1:24.8	bizarre year. It's just how it affected the service economy, which is historically lower paid.
1:33.3	People in the, especially in the tourism or entertainment industries, entertainment, including restaurants and hotels.
1:42.9	It's just been awful.
1:44.5	Awful. Terrible. Terrible. And it's just been awful. Awful.
1:45.5	Terrible.
1:47.0	Terrible.
1:49.7	And it's no end in sight for some of these issues.
	...

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