Why investors need a sounding board, plus questions about life insurance, bond accounts, and Roth conversions.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 7 October 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss one of the most important qualities of a trusted financial advisor. A caller from Colorado asks where she should put money left over from her budget. A man who started listening to the show when he was 19-years-old wants to know whether he should buy whole life insurance. Finally, Scott and Pat educate a California caller on why and when one should do Roth conversions. 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 questions@moneymatters.com. 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?
0:13.5	Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would
0:19.6	like to help you by answering your call to join
0:22.2	Allworth's Money Matters. Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:31.1	Welcome to All-Worth's Money Matters, Scott Hanson. Pat McLean, thanks for joining us.
0:35.5	Yeah, glad to have you. Talk McLean. Thanks for joining us. Glad to have you.
0:39.6	Talk about financial stuff.
0:43.3	Yes.
0:45.8	Financial planning is really an interesting.
0:51.6	The whole concept of money and managing your money and accumulating some wealth.
0:56.1	Well, the whole concept of retirement is relatively new concept.
1:00.7	Well, most of the world is still struggling from paycheck to paycheck.
1:03.3	Or not even a paycheck, having a job.
1:04.5	Yes.
1:10.0	I had a friend of mine moved to Mozambique Africa 15 years ago.
1:13.1	Is he a missionary?
1:16.9	Part mission, part mission, part economic development of sorts.
1:25.4	So he's got a bed and breakfast, like a little inn on this kind of beautiful island and right outside of in Mozambique he says that the uh his employee
1:31.0	the average employee pays hit their paycheck covers 18 people the unemployment so low there i mean
1:39.6	so so massive employment is so low the average employee feeds 18 people on that.
1:45.7	And supports. That's correct. That's amazing. So essentially, if you have 7% employment, you could
1:58.5	that's what the numbers says. That's what the numbers say.
	...

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