Allworth Financial‘s Money Matters
426 episodes - English - Latest episode: 16 days ago - ★★★★★ - 542 ratingsFor more than 25 years, Money Matters, Scott Hanson and Pat McClain’s weekly call-in talk radio program, has fielded thousands of questions from callers just like you.
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Episodes
Fewer business trips, fewer office buildings
June 13, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss this pandemic’s potential long-term impacts on real estate. Scott and Pat advise a charitably inclined caller who wants to open a Donor Advised Fund. A mother asks if she should refinance her $175,000 mortgage. A caller who is concerned about inflation asks if he should buy physical gold. A Kentucky man asks how he should convert the $85,000 in a Canadian bank account into US dollars. Finally, a Sacramento man asks if his 75-year old neigh...
Nobody predicted the market’s rebound
June 06, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the stock market’s wild ride and the financial products that burned many retirees. Scott and Pat advise a caller with $2.3 million saved who asks if he should spend down his cash or continue his Roth conversion strategy. A California man wants to buy a second home in Nevada and asks how he should pay for the house. Scott and Pat speak with a caller who asks if he is on track to retire well. Finally, a caller wants to know if he can return ...
The bond market’s message
May 30, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the strange behavior of many stocks, and why the bond market is acting differently. Scott and Pat advise a man with $6.75 million saved looking to leave money to his children in a tax-efficient way. A postal worker asks if she will lose her $1,500 monthly pension. A Cincinnati caller is dissatisfied with his current 401(k) and wants to move his account to a new provider. Scott and Pat speak with a man who asks how the CARES Act affects his...
Markets Are Resilient But, How Will Unemployment Impact Businesses?
May 23, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat take several calls and discuss the resiliency of the markets, but the impact of the high unemployment rate on businesses reopening. Scott and Pat advise a long-time listener who will be turning 65 and wants to know how he should allocate his investments. A great saver asks how to move his investments back over to the retirement side to avoid tax consequences. A caller has decided to go back to work for a short time instead of retiring fully and wa...
25 years and 1 million downloads later, retirement has changed
May 16, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat look back at some of their favorite calls and the early days of the radio show. Scott and Pat advise a Colorado caller who inherited 25 ounces of gold from his father. A man in Northern California wants to withdraw money from his 401(k) to pay down his $200,0000 mortgage. A Carmichael caller asks how the CARES Act affects his Required Minimum Distribution. Finally, Scott and Pat speak with a woman in Colorado looking to invest the money in her ban...
What is your investment strategy?
May 09, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the reasons why this economic climate proves the need for a disciplined investment strategy. They also talk about an SEC rule that could open the door for a new type of scam. Scott and Pat advise a caller who sold $100,000 of technology stocks during the stock market dip and repurchased the shares a few days later. A single mother asks if she should use her home equity to pay for her children’s education. A caller, with $1.6 million saved,...
Personal guarantees and debt can wreck your finances
May 02, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the current disconnect between the stock market and the broader economy. Scott and Pat advise a recent college graduate looking to invest $45,000. A part-time worker nearing retirement asks how he should pay down his credit card debt. A caller who recently switched jobs asks what he should do with his 401(k). Finally, a man with $350,000 in savings and a pension asks if he should take Social Security early. Ask a question by clickin...
Public pensions are in more trouble
April 25, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the economic implications of negative oil prices, the second stimulus package, and potential state bankruptcies. Scott and Pat advise a retired man looking to replace the $25,000 he took out as a Required Minimum Distribution at the beginning of the year. A mother of three asks how she can save for her three children. Finally, a California caller asks if she should invest in oil. Ask a question by clicking here, or email Scott and Pat at ...
A recession is like a forest fire
April 18, 2020 14:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat interview Andy Stout, Chief Investment Officer of Allworth Financial. They discuss unemployment, the stock and bond market, and potential silver linings in this crisis. Scott and Pat advise Cincinnati woman who asks how the CARES Act affects her Required Minimum Distribution. A caller, who is invested 45% in stocks and 55% in bonds, asks if his investments are allocated correctly for his needs and goals. Ask a question by clicking here, or email...
Today’s fear affects your long-term goals
April 11, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat help you navigate the emotional roller coaster of today’s markets and avoid the potential mistakes that could wreck your retirement plans. Scott and Pat advise a risk-averse caller, who reduced his stock and bond exposure, and wondering if his investments are allocated correctly. A 45-year-old caller, with $800,000 saved, cashed out his 401(k) in February and asks how he should get back in the market. Finally, a man who owes $260,000 on his mortg...
Taking control of your finances and staying sane
April 04, 2020 12:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss some ways that you can take control of your finances and look for opportunities in this challenging market.
The CARES Act and its impact on you.
March 28, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat take a long-term perspective on the $2.2 trillion CARES Act. They discuss its potential impact on unemployment, your retirement, and more. Ask a question by clicking here, or email Scott and Pat at [email protected]. Download and rate our podcast here.
This too shall pass
March 21, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the US government’s response to the economic fallout from the coronavirus. They also review the financial planning fundamentals that can help you through market turmoil. A Sacramento caller asks if she should continue to rebalance her investments. A caller asks if he is performing a tax-loss harvest correctly. Scott and Pat advise a California woman who is concerned that she won’t be able to retire comfortably and considering buying an an...
Special Edition: Reacting to the Coronavirus as an Investor
March 17, 2020 22:07 - 22 minutes - 30.4 MBOn this special edition of the Allworth Money Matters podcast, we cover the Coronavirus and current stock market turbulence. Scott and Pat discuss what you need to be focusing on right now as an investor. Ask a question by clicking here, or email Scott and Pat at [email protected]. Download and rate our podcast here.
Coronavirus and stock market turbulence
March 14, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the coronavirus and recent stock market turbulence. They also interview Michael Mouriski, CPA and Vice President of Allworth Tax Solutions, about how you can prepare for the 2020 tax season. A man in the Bay Area asks how much house he can afford. Scott and Pat advise a caller who is concerned that legislative changes will impact his Social Security benefit. Finally, a caller in Cincinnati, who is a year-and-a-half away from retirement, as...
The SECURE Act & the Impact on Estate Planning
March 07, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the least trustworthy industries, lawsuits against equity-indexed annuity companies and setting beneficiaries when it comes to retirement accounts. Scott and Pat speak with a caller who is debt-free and still employed but wants to know if he should use money from his 401(k) to pay off his mortgage. Estate planning attorney, Clark Allison joins Scott and Pat to talk about how to set-up beneficiaries for retirement accounts. A Dallas caller ...
Are you concerned about market turbulence?
February 29, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the coronavirus and offer a historical perspective on stock market dips. Scott and Pat speak with a caller in South Carolina who is looking to buy a rental property that’s valued at $900,000. A father asks how he can transfer Coca-Cola stock to his adult children. Scott and Pat advise an Ohio mother who took out $180,000 of Parent PLUS loans for her kids and is now looking to transfer the debt. Finally, a caller in Northern California asks...
Saving is more difficult in your 50s
February 22, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the reasons why it is more difficult to save as you get closer to retirement, and how you can plan for a secure financial future. Scott and Pat advise a landlord who asks if he can deduct home improvement expenses for his rental properties. A man, with $400,000 saved, wants to know if he should wait for a market dip before he invests. A retired police officer asks if his wife should take a monthly pension or a lump sum buyout. Scott and Pa...
Your financial advisor’s sales goals may affect you.
February 15, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss why Wells Fargo is offering financial advisors forgivable loans. They also talk about commissions in the financial services industry, and how those perks impact the type of service you receive. You can read the article that Scott and Pat discuss here. Scott and Pat advise a California government employee with $350,000 who wants to lower his future tax burden. A caller asks if solar panels are worth the cost. Scott and Pat speak with a man...
Protecting your money in the first years of retirement
February 08, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss a simple investment strategy that they use to protect retirement income. Scott and Pat advise a Sacramento woman looking to help her son invest in a non-deductible IRA. A caller asks how he should handle the company stock from an organization he recently left. A veteran asks how he can save money from Required Minimum Distributions for his wife. Scott and Pat speak with a woman who wants to buy a larger home for her retirement. Finally, a ...
What is your purpose in retirement?
February 01, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the challenge of finding your purpose after leaving a career. Scott and Pat advise a grandfather who wants to save for his grandchildren’s college expenses. A caller back in the states after living in Taiwan asks if she is on the path to a secure retirement. A Cincinnati man asks if he should pay down his $60,000 mortgage with the savings in his Roth 401(k). Finally, Scott and Pat speak with a woman who saved $1.6 million and is considerin...
Stock prices don’t tell the whole story.
January 25, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the stock market’s continued rise, and why they’re paying close attention to company earnings. Scott and Pat advise a caller with $2.8 million in Apple stock who is considering using the money to pay down his mortgage. A man in Washington asks if he can write-off the costs of his home renovation on his taxes. Scott and Pat speak with a man in Roseville who wants to join an online stock trading group. Finally, a caller in Southern Californi...
Financial products for aging Americans
January 18, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the reasons why some advisors target aging Americans to buy unnecessary financial products. Scott and Pat advise a man in Somerset who is helping his mother protect the proceeds from her home sale. A man in Northern California asks how he should plan for his Social Security benefit. A caller asks how she can determine the value of a property’s mineral rights. Finally, a man who saved $500,000 asks if he should sell his rental to pay off h...
Is your financial advisor a full-time fiduciary?
January 11, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the allegations surrounding a well-known financial advisor who called himself a fiduciary and potentially hid his conflicts of interest. They also talk about the SECURE Act’s passage and what it means for your retirement. Scott and Pat advise a mother trying to save $100,000 for her children’s college education. A caller asks if he can cash out his pension early. Finally, a New Jersey business owner asks if he should prioritize saving in a...
Become and remain financially independent
January 04, 2020 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss the steps that you need to take to become financially independent. Scott and Pat advise a woman, with $400,000 in taxable accounts, who is considering opening a 401(k). A man in Northern California making $400,000, with $600,000 saved, asks what he needs to do to have a comfortable retirement. Finally, an Atlanta caller asks if he should prioritize his Roth or traditional accounts. Ask a question by clicking here, or email Scott and Pat a...
Financial New Year’s Resolutions
December 28, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat provide examples of how you can improve your finances in 2020. Scott and Pat advise a Bay Area woman considering her Social Security options as a non-working spouse. A caller asks if she can roll her 401(k) into a Roth account. A man in Indiana with $44,000 in debt asks how he should prioritize his payments. A man with $200,000 in family income asks where he should save more. Ask a question by clicking here, or email Scott and Pat at questions@mo...
When should you consider a Roth conversion?
December 21, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Scott and Pat discuss why $1.8 billion may disappear in a private placement investment. Scott and Pat advise a caller with $360,000 in his IRAs who’s considering a Roth conversion. A 68-year-old woman asks if she should continue delaying her Social Security benefit. A retired Navy veteran asks where he should prioritize his saving. Scott and Pat speak with a man who saved $1.5 million and is concerned that he missed the Roth conversion window. Finally, a Vermon...
End-of-year tax planning
December 14, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Money Matters, Michael Mouriski, CPA and Vice President of Tax Solutions at Allworth Financial, joins Scott and Pat to discuss tax planning strategies for the end of the year. Scott and Pat advise a Colorado caller looking to consolidate his four investment accounts. Also, a retiree in Lodi asks if he should pay down the mortgages on his rental properties with some of the $750,000 saved in his IRA. Ask a question by clicking here, or email Scott and Pat at questions@moneymat...
Put your power of attorney and advance healthcare directives in place.
December 07, 2019 13:00 - 56 minutes - 78.1 MBOn this week’s Money Matters, Scott and Pat discuss the importance of having difficult financial conversations. They also talk about your options with a Thrift Savings Plan in a podcast exclusive segment. Scott and Pat advise a caller in Northern California, with $1.6 million saved who wants to know where to place her RMD. A man planning for Social Security asks if his calculation is accurate. A 26-year-old caller in South Dakota wants to establish credit but doesn’t know how. Finally, a Sa...
If you are a high earner, take Social Security ASAP.
November 30, 2019 13:00 - 1 hour - 87.5 MBOn this week’s Money Matters, Pat and Allworth advisor David Schauer discuss why high earners should take Social Security sooner rather than later. In a podcast exclusive segment, they discuss how your risk tolerance can change your investment strategy. Pat and David advise a janitor who saved $460,000 and wants to gift all of his assets to charity. A Nevada man asks if he should take a higher distribution from his investments. A caller with $2 million asks if his investments can generate m...
Where do bonds fit in your savings?
November 23, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Pat and Allworth advisor David Schauer discuss how you can use bonds in a low interest rate environment. Pat and David advise a California woman who gained $1 million from a home sale. A government worker, who owes $316,000 on a mortgage and student loans, asks if he should prioritize his debt or retirement savings. A man with $200,000 in family income asks if he should fund a new IRA. Pat and David advise a property owner trying to defer his capital...
The broken promises of indexed annuities.
November 16, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Pat and Allworth advisor David Schauer discuss the mechanics of indexed annuities, and why the broken promises of one insurance company led to a significant lawsuit. Pat and David advise a California woman looking to leave her IRA savings to her loved ones. A man who owes $212,000 on his house asks if he should prioritize his mortgage or retirement saving. Pat and David speak with a San Antonio caller who is concerned about China’s impact on his inve...
Prepare your retirement savings for the next downturn.
November 09, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss how you can create a disciplined investment strategy. Scott and Pat advise a Denver man trying to save more and pay down a $450,000 mortgage. A caller is taking a $540,000 inherited IRA through probate. A man who has improved his credit score wants to know if he should refinance his mortgage. A California woman is expecting $1 million from a home sale and, having been burned by a financial advisor before, wonders how and where s...
Who gets caught in modern Ponzi schemes?
November 02, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss how a $1.3 billion Ponzi scheme ensnared many retail investors. Scott and Pat advise a Georgia woman trying to lower taxes on her $900,000 IRA. A concerned man asks if his bank can seize his savings. A pensioner is deciding between a $1.4 million lump sum or $8,000 monthly payout. Scott and Pat advise a New Jersey caller who wants to leave a $100,000 perpetuity for his favorite charity. Finally, a Denver man asks if a traditiona...
The We Company’s flopped IPO
October 26, 2019 13:00 - 58 minutes - 79.9 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss The We Company’s IPO failure, and why huge investments aren’t always intelligent ones. Scott and Pat advise a California man who purchased a $300,000 annuity and is considering purchasing another. A caller who saved $2.8 million asks if he’s following the correct Social Security claiming strategy. A woman who quit her corporate job to become a farmer is deciding how to take a $125,000 pension. Finally, a caller with half of her ...
Can you really afford your car?
October 19, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the rising length of auto loans, and what it means for you. Scott and Pat speak with a caller concerned about meeting her Required Minimum Distributions from different retirement accounts. A saver with $500,000 asks if an annuity is right for him. Scott and Pat advise a pastor looking to lower his taxes. A retired dog walker, who saved $2.2 million, asks if a Roth conversion is right for him. Finally, a man closing in on retirem...
Want a lower mortgage rate? Just ask.
October 12, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss how you can potentially save on your current mortgage, and General Electric’s pension woes. Scott and Pat advise a caller with a $1.5 million home who’s considering using its equity. A Colorado man asks if he should consolidate his credit card debt with his mortgage. A caller going through a job change asks how he should roll over his investments. Finally, Scott and Pat speak with a man expecting a $600,000 inheritance who is ...
Is Facebook a monopoly?
October 05, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the potential break-up of big technology companies, including Facebook, Google, and Amazon. Scott and Pat speak with a caller looking to protect an injury settlement from her $66,000 tax debt. A real estate investor asks if he should sell a $350,000 rental property. A man in his 80’s, with $200,000 in student loans, asks if he should pay off the balance. Finally, Scott and Pat advise a widow who wants to collect Social Security ...
A financial model can say whatever you want
September 28, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss The We Company’s troubled IPO, and why good stories don’t always make good investments. Scott and Pat advise a man who may be gifting money that he can’t afford to give away. A father with four kids asks how to handle the extra money in their 529 plans. A caller living in Italy asks how she can save $1,500 a month for retirement. Scott and Pat discuss an IRA withdrawal strategy with a Sacramento man who saved $1.5 million. Final...
A disturbing investment trend
September 21, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the appeal and hidden pitfalls of purchasing an equity-indexed annuity. Scott and Pat talk about the potential issues of early retirement with a Cincinnati man who saved $1.4 million. A caller asks about the tax implications of using a Health Savings Account. Scott and Pat advise a Dallas man who is troubled by the rising fees in his 403(b). Finally, a younger caller asks if she should consolidate her student loans. Ask a que...
A $700,000 yearly income and no retirement savings.
September 14, 2019 13:00 - 58 minutes - 79.9 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the benefits of a Health Savings Account, and why a high income does not equal a secure retirement. Scott and Pat take a question about the tax implications of saving in a Health Savings Account. A caller with $5.5 million saved asks if he should do a Roth conversion. A Kansas City man is close to hitting the maximum for his yearly 401(k) contributions. Scott and Pat advise a daughter who is wondering when to sell her mother’s h...
Bernie Sanders meets Scott
September 07, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss why tax planning in your fifties can save you money down the road. Scott also tells the story of his chance encounter with Bernie Sanders. Scott and Pat advise a man who has a $120,000 per year pension about when he should take Social Security. A caller has $50,000 in IRAs and wants to avoid taxes on her distributions. A man with $3 million saved is considering an annuity. A risk-inclined caller asks about “tactical allocations....
What do negative interest rates mean for you?
August 31, 2019 13:00 - 57 minutes - 79.2 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss why trillions of dollars are invested in negative interest debt. Scott and Pat advise a caller who may be gifted a $525,000 home. A man in North Carolina has $320,000 and wants an income-producing investment. A caller asks if she should invest in REITs. Scott and Pat advise a caller expecting a worker’s compensation settlement. A woman asks how she should invest in her 80’s. Finally, a caller asks how she can save for her grandc...
Would you disown your child to cut college costs?
August 24, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the rising trend of parents disowning their children to qualify for financial aid. Scott and Pat advise a caller considering selling his house to pay for $50,000 in credit card debt. A Denver woman wants to adjust her IRA for Required Minimum Distributions. Scott and Pat speak with a caller concerned that his pension will affect his Social Security benefit. Finally, a mother asks how to leave property to her daughter. Ask a qu...
Volatility is back: What Does That Mean for Your Investment Strategy?
August 17, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the current volatility in the markets, the negative yield curve and what that means for you and your savings. Scott and Pat advise a retired caller on whether to keep or sell her rental property. A husband and wife plan to retire in two years and want to know what they can do with their current investments to prepare. Finally, a recent retiree wants to know if she should take a lump sum or a monthly stream of income on her pensi...
The next Bernie Madoff could be lurking in your neighborhood
August 10, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss how you can protect yourself from some common investment frauds. Scott and Pat advise a California caller who is concerned that she is investing too conservatively. A mother of seven children asks when she should take Social Security. A man with Universal Life Insurance asks if he can cash out the policy. A caller asks how he can efficiently gift stock. Scott and Pat speak with a former public employee asking if he should combin...
Making Money by Making Mistakes
August 03, 2019 13:00 - 58 minutes - 80.2 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss what happens when investors accidentally purchase stocks. They also talk about why hot stocks usually cool off. Scott and Pat advise a newly-minted retiree about how to lower his Required Minimum Distributions. A caller is considering buying supplemental Medicare insurance that costs $60,000. A man wants to invest in a Master Limited Partnership. A pension recipient with $1.5 million saved asks if an annuity is right for him. ...
Who is on the other side of your stock trades?
July 27, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss why day traders often lose money in the long-run. Scott and Pat advise a California man who is concerned about the future of his pension. A Colorado caller wants a second opinion on his charitable giving strategy. A mother is considering early retirement to live near her college-bound son. Finally, a young military veteran with $350,000 saved asks if he should invest in a rental property. Ask a question by clicking here, or ema...
Be skeptical about private placements
July 20, 2019 13:00 - 52 minutes - 72.5 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the hidden risks in private placement investments. Scott and Pat speak with a caller looking to diversify by investing (or speculating) in gold. A Vacaville man with $1 million saved asks what a safe withdrawal rate is for him. A Los Angeles caller asks if she should refinance her mortgage. Scott and Pat advise a caller who is considering drawing Social Security based on her incarcerated ex-husband’s work history. A man with $2 ...
Should you use your 401(k) to pay down your mortgage?
July 13, 2019 13:00 - 56 minutes - 78.2 MBOn this week’s Allworth’s Money Matters, Scott and Pat discuss the pitfalls of putting a rental property in your IRA. In a podcast exclusive, they talk about what to do with a deceased spouse’s retirement accounts. Scott and Pat advise a Colorado caller, with more than $1 million saved, if she should contribute to a Roth 401(k). A Sacramento caller asks if he should bolster his savings or pay down his debt after withdrawing his 401(k) savings to pay for his children’s education. A veteran a...