A family financial review, a donor-advised fund question, advice on a stock transfer, and assistance on an annuity.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 6 January 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain why now is a good time for parents to do a financial analysis with adult children. A California man looks for guidance on a donor-advised fund. On Oregon caller with a high net worth asks whether he can minimize taxes on a stock transfer he wants to make to his brother. Finally, a Georgia man with an annuity wants to know why Scott and Pat are so critical of how financial products are sold. 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?
0:07.0	Whether it's about retirement, 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.
0:24.5	Welcome to All Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean.
0:28.2	Glad to have you with us as we talk about financial matters kicking off first Saturday of the year.
0:33.8	Yes, yes, yes, yes. Is that right? Yeah, it was the first. Yeah, it is the first Saturday.
0:37.8	Yes, it is the first.
0:39.0	We are both financial advisors, certified financial planner, charter financial consultant.
0:43.4	We spend our weekdays helping people like yourself and broadcast on the weekends being your financial advisor on the air or on the podcast, whatever you're.
0:51.0	However you listen, however you consume your media.
0:53.7	Yep.
0:58.5	And it's always good first time of year when you're, most people do it.
1:02.4	Well, I always do look at my finances.
1:06.9	And yes, it's a good time of year to do it.
1:13.1	And actually this year, this year I am meeting, I have four children and I am meeting with each one of them in the next two weeks individually to go over their finances with them.
1:20.8	This you reached out to them and said, can I, dad help you? Over Christmas, we had a conversation
1:25.5	and I said, you know, if you guys want, I'm willing to
1:31.2	sit down with each one of you and look at the portfolios and some tax planning and
1:37.8	I did a little bit with my oldest daughter this week. She reached out on that, though.
1:42.8	Once to figure out how to help how she can start
1:44.9	saving more. Perfect. Actually, saving. More. She's disciplined enough to have money set aside.
1:51.4	She has to pay quarterly taxes because she's self-employed. So she's disciplined enough to set
	...

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