A crackdown on salespeople posing as advisors, a widow who needs an income strategy, plus questions about a reverse mortgage, an RMD, and Social Security.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 11 May 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat weigh the pros and cons of the Labor Department’s looming crackdown on so-called advisors who sell financial products. A Utah man seeks guidance on how to help his widowed mother navigate her financial life. A California caller wants to know whether it makes sense to take out a reverse mortgage. A retiree with a surplus of money asks for help with an RMD strategy. Finally, a 63-year old wonders whether he should take Social Security early. 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? Whether it's about retirement,
0:09.0	investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:17.0	Call now at 83399 Worth. That's 83399 W-O-R-T-H. Welcome to All-Worth's Money Matters, Scott Hanson.
0:27.0	Pat McLean, thanks for joining us. That's right. Looking forward to our program today. We've got
0:32.7	some calls lined up and we've got some good topics, as usual, myself and my co-hosts, both financial advisors.
0:39.6	Do we need to be saying every time I start of a show who we are and what we're about?
0:43.7	Well, for the radio?
0:45.5	Because it's all kind of old school.
0:47.5	And radio, do you ever listen to some radio shows?
0:49.9	I listen to a podcast, and they have a a break and it comes back immediately. But then they repeat the topic
0:54.4	they're on because they're so used to what they've done in radio for years. I have noticed that.
0:58.6	Anyway, I don't know why I'm breaking up. Okay. So financial guys. Last week, we said that we were
1:05.7	going to talk about the subject and we never got to it because we ran out of time and you're like,
1:10.3	it's a podcast. How do you run out of time and you're like it's a podcast how
1:11.2	do you run out of time we still format for radio so and yeah and for the time being i don't know
1:18.3	how people do three-hour podcasts two-hour podcasts i don't know anyway we're not podcasters
1:25.9	we're financial guys yeah we're not listencasters. We're financial guys.
1:27.8	Yeah, we're not.
1:28.6	Listen, I'm not.
1:29.8	I'm a blogger.
1:31.2	And then I was going to become a vlogger and then an influencer.
1:35.2	But I couldn't get anyone to listen to me.
	...

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