Tricky economic times, a financial safeguard many must have, plus advice on risky investment funds, annuities, and taxes tied to inheritances.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 4 May 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss complicated financial conditions unfolding in the U.S. and around the world. An Ohio father with a question about saving is told to get off the phone and do something else for his family immediately. A 63-year old who is still working asks when the best time to retire will be. Later in the show, Scott and Pat take a deep dive into Cathie Wood’s ARK funds, tackle a caller’s question about annuities, and provide peace of mind for a grandson about to inherit a large chunk of change. 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?
0:09.0	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.
0:19.0	Call now at 83399 Worth.'s 833 99 w o r t h h h hush welcome to all
0:28.7	worth's money matters scott hanson pat mclean thanks for joining us yep we're glad you are here with us as we are
0:34.2	now into may 24 and i want to talk about a couple things today on the show, Scott. This
0:43.4	one came out a couple weeks ago. It's been working itself through the press. It was in our
0:49.5	industry press before it then hit the Wall Street Journal and then the local press but how IRAs will now have
0:56.8	to be IRAs individual retirement accounts that are coming from a 401k have to be held to a fiduciary
1:04.9	standard we're going to spend a couple times on a couple minutes on that and if that doesn't keep you
1:10.3	listening I don't know what well it keep you listening, I don't know what, well.
1:12.7	It's interesting, though.
1:14.2	And I don't know actually how I feel about this
1:16.8	or how they can actually enforce it.
1:21.3	I would agree with that,
1:22.9	both those statements.
1:25.2	Yes.
1:25.6	So we'll talk about that and we're going to take some calls if
1:28.5	you'd like to join the show 83399 worth and we'll get you on the air we'll schedule time for you
1:34.9	to join us to have a nice little chat that's nice chat nice chat well and the you know it's the
1:40.9	um the market volatility certainly returned, right?
1:46.3	Yes.
1:46.8	And, uh, if we look at the latter part of 2023, the first quarter of 2024,
	...

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