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Money Matters by Allworth Financial

Using your home’s equity

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 29 August 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat take several calls from listeners looking to refinance their mortgages. Scott and Pat advise an airline mechanic considering refinancing his $1 million home to buy another rental property. An Atlanta man owes $196,000 on his $500,000 house and is looking to use its equity for income during his job search. A woman in Wichita, Kansas, with a net worth of $500,000, is considering a second home in Florida. A California caller asks if he needs additional insurance on his home’s title. Finally, Scott and Pat advise an Illinois retiree who is unsatisfied with his relationship with his current financial advisor.   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.

0:16.7

Would you like an opinion on a financial matter you're dealing with, Whether it's about retirement, investments, taxes, or 401ks,

0:24.4

Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.

0:30.1

Call now at 83399 Worth.

0:32.7

That's 83399 W-O-R-T-H.

0:37.5

Welcome to All-W Worth's Money Matters.

0:39.6

I'm Scott Hanson.

0:40.5

I'm Pat McLean.

0:41.1

Thanks for joining us.

0:42.5

That's right.

0:42.8

Glad you are with us.

0:43.7

This is a financial program, both myself and my co-host here.

0:47.5

We're both financial advisor, certified financial planning, certified financial planner, chartered financial consultant.

0:53.6

And we spend our weekdays helping people

0:57.0

like yourself plan their financial futures we broadcast here on the weekends to be your financial

1:01.7

advisors on the air and we focus primarily on retirement and retirement transition but we deal with

1:07.8

all things financial planning related.

1:15.3

And retirement, mainly because it's the number one thing that people say for, it's the thing.

1:23.4

I remember, 48% of Americans retire earlier than they had planned, according to a study from Voyo Financial, that's one out of two of us are going to leave, are going to leave the

1:27.3

workplace earlier than we'd planned. So we, we completely understand there's a lot of

1:31.6

people say, I don't ever want to retire. I'd like to keep working until the day I'd die. I feel

1:35.8

that way. But we need to be prepared in the event that something occurs in our life where we're

...

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