Why smart people make poor financial decisions, help with a rollover IRA, and is a dream retirement in Florida achievable?

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 11 June 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat talk to an expert about why smart people make poor financial decisions. You’ll hear advice for a man who wants to be more aggressive with his rollover IRA. Finally, guidance for a husband who hopes he can build a home and retire in Florida. 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?
0:24.2	Whether it's about retirement, investments, taxes, or 401ks.
0:28.8	Scott Hanson and Pat McLean would like to help you by answering your call.
0:32.5	To join Allworth's Money Matters, call now at 83399 Worth.
0:37.4	That's 83399 W-O-R-T-H. Welcome to All-Worth's Money Matters, Scott Hanson.
0:44.5	Pat McLean. Glad you are with us as we talk about financial matters. Talk about things going on
0:51.1	and the things that you cannot control, like the external markets.
0:54.8	And things that you can.
0:56.4	Like how you react to them.
0:58.1	Yeah.
0:58.6	Or what you do with your investments.
1:00.9	Yes.
1:02.0	I think one of the most important things we do is financial advisors is stop people
1:06.3	from making irrevocable decisions regarding their money that will lead to a point in their lives
1:13.0	that can be really harmful to their financial and psychological well-being over their whole lifetime,
1:22.8	their whole lifetime. And some of those things might be putting your money into something you can't really get
1:28.7	it back out, some ill liquid type investment.
1:31.9	That's right.
1:33.0	Or something that's a massive surrender charge or some equity index annuity that you don't
1:38.4	know what's going on behind the curtain.
1:41.1	Or it's selling at the wrong time.
1:44.5	Or buying a SPAC.
	...

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