The danger of timing a recession, a retirement withdrawal strategy, and a deep dive into the world of wealth taxes.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 1 July 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain why it’s not a good idea to buy and sell when recession talk ramps up. A retiree from Ohio asks for guidance on a proper withdrawal strategy. Then, Scott and Pat delve into the world of wealth taxes. Finally, a California caller wants to know why his 401(k) contributions would cause the government to reject his tax returns. 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.
0:15.0	To join Allworth's Money Matters, call now at 83399 Worth. That's 83399 W-O-R-T-H. Welcome to All Worth's Money Matters, Scott Hanson.
0:26.6	Pat McLean, thanks for joining us. That's right. We are halfway through the year. Yes. Yes, yes, yes.
0:35.5	I don't know if I'm just getting old. I don't want to be one of those guys.
0:37.6	Time goes by so fast.
0:39.7	You know when I was young?
0:42.2	Kids nowadays.
0:43.8	Kids now.
0:44.9	What's that music they listen to?
0:46.5	Anyway, both myself and my co-host here before we start going down in tangents that we typically do.
0:51.5	We're both financial advisors, certified financial planner,
0:54.3	charter financial consultant.
0:56.2	And we're here talking about financial matters,
0:59.4	taking some calls and having a little fun with the program.
1:02.5	Questions about 401Ks, investments, taxes, taxes, taxes.
1:07.8	I want to us to think about taxes mid-July.
1:10.3	This is exactly when you should be thinking about that.
1:12.7	You should be thinking about taxes all the time.
1:15.0	You know, it's hilarious.
1:15.7	So my 27-year-old daughter, it's fun watching your kids grow up, right?
1:18.1	Because when they start paying their own taxes, and so she's self-employed, so she does quarterly taxes.
	...

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