The right and wrong ways to refinance

Money Matters by Allworth Financial

Allworth Financial

Investing, Business, Business:investing

4.7 • 839 Ratings

🗓️ 6 February 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's Money Matters, Scott and Pat discuss the scenarios where refinancing a mortgage could hurt your retirement. Scott and Pat advise a California public employee about when he should take his $735,000 pension. A caller asks if she should cancel her $650 annual premium term life insurance policy. A man asks if the government will eventually tax Roth distributions. A daughter asks how her 86-year-old mother should handle a $647,000 inheritance. Finally, Scott and Pat speak with a husband who wants to know when his wife should take Social Security. 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,
0:04.2	it's Allworth's Money Matters, visit allworth financial.com
0:36.3	slash radio to listen to the Money Matters podcast.
0:41.0	Welcome to Allworth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Glad you are with us as we talk about financial matters here, both myself and my co-host. We are both financial advisors, certified financial planner, charter financial consultant. We spend our weekdays with people
0:55.6	like yourself and we have our show coming out on the weekends so that we are your financial
1:00.7	advisors on the air. And if you want to be part of our program, we love taking calls. And by the way,
1:06.5	some of you are maybe the majority of you are listening to us via podcast, and you could always
1:11.7	schedule time to be on our program. If you just email questions at money matters.com, again,
1:20.3	that's questions at money matters.com. And what happens is then we just schedule a time where
1:26.0	you can be on the show.
1:28.0	And that way you don't have to call them, wait in line or any of that.
1:31.5	Yeah.
1:31.8	It's quick and easy.
1:32.9	We'll record it.
1:33.6	It's not broadcast live, just like Judge Judy.
1:37.3	Schedule ahead of time.
1:39.0	Might do a couple tapings in a day.
1:40.8	They schedule the stuff ahead of time.
1:42.4	By the way, what a fascinating career that
1:44.7	lady has led. And actually, one of the highest earners in television is Judge Judy Shindland.
1:50.6	And she seems like such a pleasant woman. I've never actually watched an episode.
1:55.0	Oh, I've watched it. I've watched it. I'm not going to. Yeah, I'm going to tell you know,
	...

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