Zombie mortgages explained, indexed annuities discouraged, and Medicare costs dissected.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 24 June 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss mortgages from long ago that are suddenly haunting homeowners. A 49-year-old Arizona man asks whether he has too much money with one bank. Should a new retiree earning $8,300 a month from a pension consider an indexed annuity? Finally, Scott and Pat help a California caller prepare for future Medicare costs. 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?
0:18.0	Whether it's about retirement, investments, taxes, or 401ks,
0:22.3	Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:28.0	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:36.0	Welcome to All-Worth's Money Matters, Scott Hanson.
0:38.7	Pat McLean, thanks for joining us.
0:41.0	Glad you're with us.
0:42.1	We're talking about the world of finance.
0:45.7	We're both practicing advisors and we meet with people similar to you.
0:53.5	And we've been doing this show for almost 30 years helping people
0:56.7	with their long time all right so scott i there's a couple things i want to talk about
1:01.3	in the um world of finance which is the s&p 500 exits the longest bear market since
1:10.8	1948 i saw that 500 exits the longest bear market since 1948.
1:12.5	I saw that headline.
1:14.3	I'm like the longest bear market.
1:16.4	In terms of length of time, I guess.
1:19.8	And there were no bells or announcements when it exited.
1:23.8	There were lots when it entered.
1:25.3	And then the other thing I want to talk about, which I
1:27.9	found fascinating, which are these zombie mortgages. I read that article as well.
1:35.7	Zombie mortgages. I found that absolutely. I think I keep up on this stuff. But when I read this article, well, let's talk about it now.
1:48.8	Yeah.
	...

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