The risk of overlooking beneficiaries, a question about a Roth conversion, a caller who wants to retire in the next decade, and a tax strategy that many workers aren’t aware of.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 13 July 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the critical importance of making sure your beneficiaries are up to date. An Arizona caller with $950,000 in a traditional IRA asks whether he should do a Roth conversion. A 51-year old wants to know whether he has enough assets to retire within 10 years. A Nevada man wonders whether increasing his bond allocation will protect him when it comes time to do required minimum distributions. Finally, Allworth advisor Laurie Ingwersen joins the show to explain a tax strategy she used with a client that many workers don’t know is available. 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,
0:06.0	investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call
0:12.1	to join Allworth's Money Matters. Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:22.6	Welcome to All-Worth's Money Matters, Scott Hanson.
0:25.4	Pat McLean.
0:27.5	Thanks for being part of our show today.
0:29.6	It's myself and my co-host, financial advisors, in the daytime and part-time podcaster radio guys part-time yes very much part-time
0:43.1	exactly which um i think almost everyone has a there's a podcaster now. Everyone has their own podcast.
0:54.9	Yes.
0:57.4	They're, yeah.
0:59.7	I wanted to talk about something that.
1:00.8	We got a good show, by the way.
1:01.8	We got some calls.
1:05.5	And then we're also going to talk about net unrealized appreciation.
1:08.4	And if that doesn't cause you to want to stay. No, no, no.
1:08.9	Because it's, if that doesn't want to cause you to stay tuned in, I don't know what we'll.
1:14.1	Net unrealized NUA.
1:16.1	And the idea behind this is that in those cases that you own individual stocks in your 401K, there are some great alternatives.
1:26.7	When you, yes. When you retire.
1:28.9	I think a couple weeks ago I said how the problem with 401K is you don't get the capital gain treatment.
1:35.9	Mostly.
1:37.0	Yeah, but there's an exception to that, which we'll talk about.
	...

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