Wall Street’s wild ride, portfolio spending stress, Social Security advice, non-traded REITs, and a financial plan as a wedding gift?

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 17 August 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain why they aren’t surprised by Wall Street’s recent roller coaster ride. A caller nearing retirement expresses anxiety about shifting from saving to spending. A Virginia father wonders if he should buy a financial plan as a wedding gift for his son. A Texas caller asks whether his wife can claim half of his Social Security benefit. Finally, Scott and Pat discuss the downside of non-traded real estate investment trusts, or REITs. 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 [email protected]. 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?
0:13.9	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would
0:19.7	like to help you by answering your call to join
0:22.3	Allworth's Money Matters. Call now at 83399 Worth. That's 83399 WR-T-H.
0:31.5	Welcome to All-Worth Money Matters, Scott Hanson. Pat McLean, thanks for joining us. Yeah, glad to be
0:36.6	with you by Pat and myself are both in the studio. We McLean, thanks for joining us. Yeah, glad to be with you by Pat and myself,
0:38.7	are both in the studio. We're recording this book. Today's Thursday. Thursday the 15th, August.
0:45.3	Yes. And it's one of the things, well, we've got a great show. We've got some calls and some other
0:50.7	topics will be discussing. But so it was a week and a half ago, markets had a pretty particular bad day.
0:59.5	And as the Dow gets higher, larger, not higher in numbers, the numbers are bigger, and the swings seem so much bigger, right?
1:07.6	From a point, it's just a number.
1:10.5	So a 500 point, like years ago, that was a big deal.
1:13.3	Today it's, um, and I remember we debate, Pat, you were on, on vacation, took a little
1:19.7	vacation and I got someone from in the office.
1:22.5	Hey, Scott, do you want to do a little special recording for the start of the show to let
1:27.2	people know about the markets.
1:28.9	And I said, let's see how the next day goes.
1:31.9	Sure enough, it was a pretty big recovery.
1:34.8	And then if you look at a week, I mean, a week.
1:37.6	We're only a couple percentage points below our highs.
1:40.1	Yeah.
1:40.6	Phenomenal year all and all from an investor standpoint.
	...

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