The risk of overlooking beneficiaries, a question about a Roth conversion, a caller who wants to retire in the next decade, and a tax strategy that many workers aren’t aware of.

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 30 November 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the critical importance of making sure your beneficiaries are up to date. An Arizona caller with $950,000 in a traditional IRA asks whether he should do a Roth conversion. A 51-year old wants to know whether he has enough assets to retire within 10 years. A Nevada man wonders whether increasing his bond allocation will protect him when it comes time to do required minimum distributions. Finally, Allworth advisor Laurie Ingwersen joins the show to explain a tax strategy she used with a client that many workers don’t know is available. 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 questions@moneymatters.com. 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?
0:04.0	Whether it's about retirement, investments, taxes, or 401ks.
0:08.3	Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:14.0	Call now at 83399 Worth.
0:16.7	That's 83399 W-O-R-T-H.
0:21.0	Hey, this is Scott Hansen.
0:22.6	Pat and I want to take a moment to wish our listeners a very happy Thanksgiving holiday weekend.
0:27.2	Pat and I are away this weekend, but we have a best-of-show prepared for you.
0:30.4	And we hit them a risk of overlooking beneficiaries, rough conversions, and a tax strategy
0:35.7	that many workers, frankly, aren't aware of.
0:37.6	So as a reminder, if you know someone who might benefit from our show, send them the links.
0:42.1	Just send them a text or whatnot with the link.
0:46.5	Welcome to All Worth's Money Matters, Scott Hansen.
0:49.1	Pat McLean.
0:51.3	Thanks for being part of our show today.
0:53.3	It's myself and my co-host.
0:57.1	Financial advisors, in the daytime, and part-time podcaster radio guys.
1:05.0	Part-time, yes.
1:05.9	Very much part-time.
1:07.4	Exactly, part-time.
1:10.5	Which, I think, Bob, almost everyone has a, there's a podcaster now.
1:15.4	Everyone has their own podcast.
	...

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