When a down market is healthy, and why the answer to the most common question about retirement is a complicated one.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 2 July 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat explain how the financial pain we are feeling right now could be good for us in the long run. Plus, why the answer to the most common question about retirement is a complicated one. Is land a good hedge during a recession? Scott and Pat give a caller some honest advice. Finally, guidance for a man who wonders whether it’s a good idea to use an investment windfall to pay off his home. 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].

Transcript

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0:00.0	The Can't get enough of Allworth's Money Matters, visit allworthfinancial.com slash radio to listen to the Money Matters podcast.
0:37.1	Welcome to Allworth's Money Matters. I'm Scott Hanson.
0:39.8	I'm Pat McLean. Glad you're with us. We're talking about financial matters, both myself,
0:43.1	my co-host, they're both financial advisors, financial planners, certified financial planner,
0:47.6	charter financial consultant, tell us whatever you want. We've been helping people with their
0:50.9	finances for over 30 years, help people have some independence in their life where work becomes a choice
0:55.9	and not an obligation.
0:58.1	And a little bit more financial freedom for most,
1:01.8	and it's hard in these markets.
1:04.1	It's difficult.
1:07.3	It is.
1:08.3	I was at a conference last week.
1:11.9	Charles Schwab conference for, Charles Schwab, I think about half the money that's under
1:18.5	their care is from firms like ours.
1:21.7	So when you hire an independent advisor, we use an independent firm to be, to kind of hold the assets and we act as
1:29.0	advisor. It just gives another layer of protection for our clients. And so there was three economists
1:35.3	that spoke over these two days, three totally different opinions on what's going to happen.
1:41.3	Most are saying there's most like odds are we're going to have recession.
1:45.7	How many said we might be in a recession now?
1:48.1	We've already, that one of them said that.
1:51.4	Yeah, we might be in a recession right now.
1:54.4	Some thought we weren't going to have recession until next year.
	...

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