This too shall pass

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 21 March 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the US government’s response to the economic fallout from the coronavirus. They also review the financial planning fundamentals that can help you through market turmoil. A Sacramento caller asks if she should continue to rebalance her investments. A caller asks if he is performing a tax-loss harvest correctly. Scott and Pat advise a California woman who is concerned that she won’t be able to retire comfortably and considering buying an annuity. Finally, a caller asks if she should remodel her $650,000 home. 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 Hansen and Pat McLean.
0:16.8	Would you like an opinion on a financial matter you're dealing with, whether it's about retirement,
0:21.7	investments, taxes, or 401ks. Scott Hansen and Pat McLean would like to help you by answering your call
0:27.8	to join Allworth's Money Matters. Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:40.4	Welcome to All-Worth's Money Matters. I'm Scott Hanson.
0:41.3	I'm Pat McLean.
0:42.3	And thank you for being part of our program.
0:45.3	It is airing on just the world is changing so rapidly.
0:52.3	Yes, so this airs March 21st. It's Friday. Yeah, we are recording Friday the 20th of March
1:00.9	at 1110 in the A.m. Pacific time. So things could change between now and then. Yes.
1:10.3	And it is, obviously, we are in global turmoil.
1:18.2	The markets are in turmoil, lots of volatility, but not only on the stock market, in oil.
1:27.0	Oh, my gosh.
1:28.4	In bonds.
1:29.7	Oil was what, a 17-year low?
1:32.2	Yes.
1:32.9	Gold is down?
1:34.8	In almost any asset class.
1:37.6	We've seen it in real estate, traded real estate investment trust, which would actually
1:43.7	then lead into the fact that you would...
1:46.3	Non-traded REITs, I can't imagine what's going to happen to those.
1:48.7	Oh, well.
	...

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