A half-trillion-dollar wipeout

Published: Aug. 7, 2021, 1 p.m.

b'On this week\\u2019s Money Matters, Scott and Pat discuss China\\u2019s crackdown on technology and education companies and how that hurts American investors.\\xa0\\nScott and Pat advise a caller inheriting $600,000 who wants to know how he should invest the money to help his grandchildren and a favored ministry. A man with $2.5 million in savings asks if he can afford to retire comfortably and still maintain his standard of living. A retired caller who saved $1 million in traditional IRAs asks if a Roth conversion is a smart move. Finally, a saver who is helping his mother and sister financially asks when he should take Social Security.\\nAsk a question by emailing Scott and Pat at questions@moneymatters.com.'