The cost of money, how to pivot when investments are locked up, and an unexpected response to a Roth conversion question.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 10 June 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the impact that higher borrowing costs have on local governments. Then, an 83-year-old asks how he can gain access to $2 million tied up in his company’s money purchase plan. A California man wants to know whether his mother-in-law should sell a home. Finally, you’ll hear Scott and Pat’s unexpected answer to a question about a Roth conversion. 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?
0:03.0	Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:13.0	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:20.0	Welcome to Allworth's Money Matters, Scott Hanson.
0:22.8	Pat McLean, thanks for joining us.
0:25.4	Yeah, glad you're here with us.
0:26.9	It's funny, Pat and I were just chatting.
0:29.1	By the way, this is a financial program, both myself and my co-host.
0:31.9	We're both financial advisors.
0:34.1	And we take calls from people like yourself.
0:36.6	Yeah, I actually love the calls that come into the favorite part.
0:40.6	Yeah, mine too.
0:41.6	Just because, yeah, other than sometimes talking with you.
0:44.0	So, okay.
0:45.1	Pat and I were chatting before, just before, oftentimes we'll have these conversations.
0:49.3	We're in the studio before the show and we'll have, like, well, let's have this conversation on the air because we sometimes we're learning from each other and yeah formulate our own opinions as we're
0:58.1	having conversations and so I thought you'd be anyway we were chatting about
1:01.3	municipalities cities counties states with the raising the higher interest costs today
1:08.6	on borrowing money yes like the federal government costs today on borrowing money.
1:17.6	Like the federal government, the interest on our debt is much higher now than it was.
1:20.5	It's actually a pretty significant portion of the budget.
1:23.2	The thing about the federal government, they could just print more money.
	...

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