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Money Matters by Allworth Financial

Volatility returns to the stock market

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 15 May 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week's Money Matters, Scott and Pat discuss why they are concerned about the fact that more savers are pouring money into speculative investments, including cryptocurrencies and SPACs.   Scott and Pat advise a caller, with $1.5 million in savings, on the practicality of retiring in his 50’s. A public employee asks how she should take her pension. A retired caller wants to know why her financial advisor is choosing her allocations based on a Monte Carlo simulation. Finally, a father of two asks if he should continue to save in his children’s 529 plan, worth $83,000. 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

Would you like an opinion on a financial matter you're dealing with?

0:17.0

Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat

0:22.7

McLean would like to help you by answering your call to join Allworth's Money Matters. Call now at

0:28.1

83399 Worth. That's 83399 WORTH. Welcome to Allworth's Money Matters, Scott Hanson and Pat McLean.

0:39.3

Thanks for joining us today.

0:40.5

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

0:43.9

We're both financial advisors.

0:46.2

Of course, many of you've been listening for a while, and you kind of know what we do, but we are practicing advisors.

0:50.3

Been practicing advisors for roughly 30 years each and still enjoy the industry, obviously,

0:57.1

and we enjoy being your financial advisor on the air.

1:00.2

So whether you listen to us through terrestrial radio or podcast or whatever, we're glad

1:05.1

you are part of our program.

1:07.0

So it's, I spent some time yesterday on the phone with some of my clients, just kind of chatting.

1:14.9

And you have a handful of clients anymore.

1:16.6

That's right.

1:17.1

That's right.

1:17.5

I mean, the firm has thousands of.

1:19.3

I mean, every once while I had a friend reach out in the, like, here's the challenge.

1:23.3

Like, I don't even know how to use most of the current software, like in the office.

1:27.1

Right.

1:28.9

I would, and I'm on the road.

1:32.0

Well, he's pre-pandemic cause on the road so much and I'm going to be.

...

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