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Podcast: Money Matters by Allworth Financial
Episode: Roth IRA Strategy, High-Net-Worth Moves, and Building Wealth with $6M+
Description: What would you do with over $6 million? In this episode of Allworth’s Money Matters, Scott and Pat take a call from a couple in their early 60s with a net worth exceeding $6 million. The big question: should they use funds from their Roth IRA or brokerage account to cover a major expense? The conversation explores smart strategies for managing cash flow, deciding which accounts to draw from (Roth IRA vs. taxable), and why proactive tax planning is critical.
Plus, the guys break down the concept of defined contribution plans and when they make sense—especially for high...