Can you support your adult children without derailing your retirement? In this episode of Money Matters, Scott and Pat dive into the financial realities of a caller with a nearly $10M net worth who is spending $75,000 a year to support his adult daughter. They break down the math on his retirement timeline and uncover a common "tax efficiency" mistake that could be costing him significant returns.

Also in this episode:

The "Shell Game" of State Budgets: How budget constraints in states like California could impact your long-term security.

Roth Conversions & Moving States: Why a move from California to Nevada completely changes the math on Roth conversions and RMD management.

The "Payroll" Pitfall: The hidden risks of putting family members on your business payroll for tax benefits.

Investing "Backwards": Why your 401(k) and brokerage account allocations might be working against each other.

Join Money Matters:  Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. 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.

Episode ID: 1000774472174

GUID: moneymattersradio.podbean.com/805d99ae-137e-3cbd-82e3-af98d4dcdf37

Release Date: 27/06/2026, 18:30:00