The SECURE Act & the Impact on Estate Planning

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 7 March 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat discuss the least trustworthy industries, lawsuits against equity-indexed annuity companies and setting beneficiaries when it comes to retirement accounts. Scott and Pat speak with a caller who is debt-free and still employed but wants to know if he should use money from his 401(k) to pay off his mortgage. Estate planning attorney, Clark Allison joins Scott and Pat to talk about how to set-up beneficiaries for retirement accounts. A Dallas caller wants to know if he needs a fiduciary advisor. A woman is curios whether a Roth IRA can be gifted. Finally, a caller in Colorado asks if she should invest using a Solo 401(k). 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, with co-hosts Scott Hanson and Pat McLean. Would you like an opinion on a financial matter you're dealing with?
0:30.5	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call to join
0:39.0	Allworth's Money Matters. Call now at 83399 Worth. That's 83399 WR-T-H.
0:48.4	Welcome to All Worth's Money Matters. I'm Scott Hanson. And I'm Pat McLean. Glad you are with us today,
0:53.8	both myself and my co-host.
0:55.7	We're both financial advisors. Certified financial planner, charter financial consultant.
1:00.0	Just means that we spend our days working with people like yourself. We broadcast on the weekends
1:04.8	to be your financial advisors on the air, whether you have advisors you work with now or you'd
1:09.1	like to consider us your advisors, that's awesome.
1:13.1	We would love to take your calls if you're trying to figure out something in your own financial
1:17.4	life or you'd like a second opinion.
1:19.4	Maybe someone's trying to sell you some sort of financial product or something along those
1:23.6	lines.
1:25.0	You're trying to figure out if you're ready for retirement and whatever the case may be.
1:28.6	We'd love for you to consider us a place for your information.
1:33.4	And if you want to join us, our contact, 83399 worth.
1:38.7	83399 worth.
1:41.3	That will get you on the show.
1:42.7	And before we take calls, I thought this was pretty interesting.
1:48.1	This was a survey from 2019 that Edelman, not Rick Edelman, the financial advisor,
1:55.7	Edelman, the big public relations firm, the PR agency, what do they call themselves? Yeah. Yeah, public relations firm. PR agency?
	...

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