The Problem with Investing in Timber

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 10 November 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat talk about the problem with timber as an investment and the importance of diversification. Scott and Pat take a call from a man who wants to know if he should take his pension as a lump sum or as a monthly annuity. A caller has a mortgage of $500,000 and wants to know if she should use her 403(b) to pay it down. A 50-year-old police officer would like to retire and wants to know if he should use his retirement savings to pay off his mortgage. A caller lost his wife and needs advice on what to do with the proceeds from a life insurance policy. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Transcript

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0:00.0	Answering your tough financial questions for the past 21 years, it's Hanson McLean's Money Matters, with co-hosts Scott Hansen and Pat McLean.
0:11.5	Would you like an opinion on a financial matter you're dealing with? Whether it is about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call.
0:24.1	To join Hanson McLean's Money Matters, call now at 1-3-8-8-2-H-H-A-N-S-O-N.
0:34.9	Welcome to Hanson and Pat McLean's Money Matters. I'm Scott Hanson. I'm Pat McLean.
0:38.9	Glad you are joining our program today, both myself and my co-host here. We are with financial
0:42.9	advisors, certified financial planner, chartered financial consultant. We spend our weekdays
0:48.0	helping people like yourself, both plan for the retirement and transition to retirement
0:52.5	and other financial matters for that.
0:55.0	Yeah, all kinds of like how to pay for college many times or how to pay for a kid's grandchild's
1:01.5	college. That's not unusual at all. No, it's interesting. Yeah, not unusual at all.
1:07.4	Particularly those that end up at that stage in life with, frankly, more money than they're
1:10.8	going to spend during their lifetime?
1:12.2	Oh, you know, I'm going to share a story about that.
1:15.6	And we come here on the weekends to be your financial advice down there.
1:17.6	Go ahead.
1:17.9	Okay, well, let's give.
1:18.8	Go ahead.
1:19.1	Now I'm intrigued.
1:20.0	Well, let's give our phone numbers out.
1:21.3	One, we've got to Hansen is the number to be part of the program.
1:30.3	One, AAA, two, H-A-N-S-O-N.
1:33.8	Numerically, it's AAA-242-6-7-66.
	...

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