Where the key to financial independence lies, plus questions about life insurance, long-term care policies, a Roth 403(b), and state taxes.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 16 September 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat start the show by explaining why the key to financial independence is less about your money and more about you. A Las Vegas man in his 40’s wants to know whether he is on the right track toward retirement. You’ll hear why Scott and Pat want a California caller to invest her money in a traditional retirement account instead of a Roth. Finally, why moving for tax reasons isn’t as simple as it looks. 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?
0:08.8	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would
0:14.9	like to help you by answering your call to join Allworth's Money Matters.
0:19.1	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:26.1	Welcome to All-Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us.
0:30.8	I'm grateful you are with us today as we talk about financial matters, both myself and my co-host here, Pat.
0:36.2	We're both practicing advisors have
0:38.3	been for a few decades. I guess the reason we state that is we have real world experience
0:43.7	in dealing with people.
0:47.6	Yes.
0:48.1	And the longer than I'm in this industry, the more I'm convinced it's the behavioral finance
0:52.9	is equally as important as any sort of plan
0:57.5	or investment you put together.
0:58.9	It, uh, it, uh, less than 15 minutes ago, I was on the phone with someone discussing, uh, some
1:05.5	life changes that they're going to make.
1:07.1	And, uh, and we were talking about, it wasn't about the portfolio it was about the behavior
1:12.9	that goes into the their thinking like what's your hurry i'm like you got these big expenses
1:18.7	coming up what why why what what what's causing do you want to retire in the next three months
1:25.8	that that was different than a year ago
1:27.8	that of all of a sudden accelerated what did it change to this i have no idea you're talking about oh
1:32.0	they just thought that they had enough money and i said you probably do and that the model show you
1:36.8	do but if you're going to do a home remodel whatever that price that that contractor quoted you
	...

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