As we close our second and final season of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planners Isabel Barrow and Andy Smith discuss how to plan for the right retirement for you. Included in the conversation are what considerations to make when planning, like what your vision of retirement is from a life and financial standpoint, and how a planner can help you get there. Then, Jean talks with Joanne Lipman, an award-winning journalist and bestselling author, whose latest book, ...
Jan 22, 2024•53 min•Season 2Ep. 55
The SECURE 2.0 Act that passed in December 2022 has over 90 provisions to encourage more people to save for retirement. But weeding through those provisions can be daunting. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow go through some of those changes that may have a big impact on retirees and pre-retirees, including provisions to employer matching contributions for student loan payments, 529 plans and Roth IRAs. Later, Jean and Isabel an...
Jan 15, 2024•31 min•Season 2Ep. 54
It’s a brand new year full of predictions: predictions about geopolitical events, the economy, and what the stock market will do in 2024. But should you pay attention to any of them? In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean and wealth planner Andy Smith discuss why predictions, while important for governments and business, may not be so important when it comes to individual investors. They also discuss some of the key components of a financial plan that can help creat...
Jan 08, 2024•40 min•Season 2Ep. 53
Happy New Year! In this episode of Edelman Financial Engines’ Everyday Wealth™, we present an encore presentation of one our most requested shows – “How to start a small business or side hustle.” When you’re starting a small business or a side hustle, there are many important factors to consider to help make it a success. In this episode, Jean is joined by wealth planner Andy Smith as she shares her journey from side gigs to becoming a small-business owner and what she learned along the way. Lat...
Jan 01, 2024•44 min•Season 2Ep. 52
In this special edition of Edelman Financial Engines’ Everyday Wealth™, we’ve curated some of our favorite interviews with experts around the topic of transitioning into retirement. First, Jean and wealth planners Isabel Barrow and Andy Smith talk to Dr. Riley Moynes on how to navigate what he calls the four phases of retirement. Then, Jean interviews Marcia Mantell about Social Security claiming strategies, particularly in regards to some of the unique challenges women face on this topic. And f...
Dec 25, 2023•50 min•Season 2Ep. 51
This special episode of Other People's Pockets was produced with support from and sponsored by Edelman Financial Engines’ Everyday Wealth™ podcast. Today on Other People's Pockets, you're going to hear what it's like to receive financial planning advice, and the person receiving the advice is ... me! My income, savings, and retirement goals will get scrutinized by Isabel Barrow, a director of financial planning at Edelman Financial Engines and frequent guest on the podcast Everyday Wealth, along...
Dec 18, 2023•34 min
It’s almost New Year’s Day, which means millions of people will make New Year’s resolutions, including financial ones. Unfortunately, data suggests that only 9% of Americans who make resolutions will complete them. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean and wealth planner Isabel Barrow discuss how to help improve your financial outlook in the new year and what steps to take to help get there, including maximizing your retirement accounts, including 401(k)s, eliminat...
Dec 18, 2023•45 min•Season 2Ep. 50
In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean and wealth planners Andy Smith and Isabel Barrow answer questions from listeners. Topics include strategies for taking Required Minimum Distributions; the purpose of owning bonds in a portfolio as opposed to just equities and cash; the difference between several types of funds like Exchange-Traded Funds, institutional funds and no-fee mutual funds; and different strategies for creating a retirement income stream. If you would l...
Dec 11, 2023•41 min•Season 2Ep. 49
’Tis the season of giving and many people will be donating to charities this year, but it can be confusing to navigate who to give to and how. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Andy Smith explore different giving vehicles, like donor-advised funds and qualified charitable deductions. They’ll discuss how a planner can help you develop a giving strategy that could not only lower your tax liabilities, but make a big difference for those in need...
Dec 04, 2023•44 min•Season 2Ep. 48
The concept of never retiring is more common that we might think. A recent survey by The Wall Street Journal found that some potential retirees say that they never intend to retire – not due to financial issues, but by choice, and for a wide variety of reasons. Jean and wealth planner Isabel Barrow explore what it means to never retire in this episode of Edelman Financial Engines’ Everyday Wealth™ , and the advantages to continuing working past retirement age. These can include more time to fund...
Nov 27, 2023•38 min•Season 2Ep. 47
Today, it seems like we’re constantly bombarded with negative news about economic or geopolitical events – all of which can cause stress, anxiety and fear. And for some people, that fear, combined with the volatility we often see around these events, may cause them to get out of the stock market. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planners Andy Smith and Isabel Barrow talk about why that’s almost always the wrong move, and how having a long-term inve...
Nov 20, 2023•36 min•Season 2Ep. 46
The holidays are a time for family, and for some, for the first time since the pandemic, multigenerational gatherings, which makes them the ideal time to talk with your family about your estate plan. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Andy Smith discuss how to broach the topic of estate planning – from what to say to who to say it to – and how a planner could make those conversations a lot easier. Later in the episode, Jean interviews Dr. Kar...
Nov 13, 2023•44 min•Season 2Ep. 45
The holiday season is a stressful time for many reasons, including financial solutions. That’s why now is the perfect time to go through your end-of-year financial checklist. Not only to make sure that your finances for this year are optimized, but also to prepare for the year ahead. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planners Andy Smith and Isabel Barrow discuss what considerations need to be on your financial “to-do” list, including maximizing your...
Nov 06, 2023•43 min•Season 2Ep. 44
Retiring overseas may seem like a dream, but there are important things to consider before packing up and moving to a new country. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Andy Smith to talk about what those considerations are – from language and culture differences to taxes, property ownership and health care. Later, Jean discusses the technicalities of retiring abroad with Liz Gracon, the managing director of the Department of State’s Of...
Oct 30, 2023•39 min•Season 2Ep. 43
According to a recent study by HealthView Services, the potential projected lifetime health care costs for a 55-year-old couple could be more than $1 million, not including costs for long-term care, and that number continues to rise. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow discuss the different options for health care plans available to retirees and why it’s so important to have a financial plan that can support the costs of health c...
Oct 23, 2023•30 min•Season 2Ep. 42
Sudden wealth sounds great, but it can also be very stressful and even detrimental to your health and wealth. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Andy Smith cover the financial aspects of “sudden wealth syndrome,” a type of distress that afflicts individuals who suddenly come into large sums of money, and what considerations need to be made in the event of a windfall. Then, Jean and Andy flip the conversation to discuss the aspects of creating...
Oct 16, 2023•41 min•Season 2Ep. 41
There's been a surge in sports betting over the past few years and some studies suggest that there may be a link between gambling and stock market speculation. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow discuss the rise in speculative investing and the dangers that it can pose for your long-term financial security. Then, Dr. Wei Hu, vice president of financial research for Edelman Financial Engines, joins the conversation to discuss inv...
Oct 09, 2023•35 min•Season 2Ep. 40
In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planners Isabel Barrow and Andy Smith answer listeners’ questions. Topics include: life insurance, tax-efficient planning strategies, inherited IRAs and Roth IRAs and the potential tax implications of each, long-term care, emergency funds, reliable retirement income streams and more! And remember, if you have a question you’d like answered on the podcast, just go to EverydayWealth.com, scroll down to the “Ask the ho...
Oct 02, 2023•38 min•Season 2Ep. 39
According to a survey by the Cornell Family Reconciliation Project, 27% of Americans, approximately 68 million people, are now estranged from their family. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Andy Smith address the financial side of estrangement and the estate planning challenges for changing family dynamics including multigenerational wealth transfer. Later in the episode, Erin Smith, a director of estate planning at Edelman Financial Engines...
Sep 25, 2023•39 min•Season 2Ep. 38
Fraud and scams are on the rise. Last year, Americans lost a record $3.82 billion to investment fraud - an increase of 128% from the previous year. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planners Andy Smith and Isabel Barrow share how to identify the different types of scams, how to keep personal and financial information more secure, and what to do if you or someone you know falls victim to a scam. Ms. Chatzky receives cash compensation for acting as ho...
Sep 18, 2023•36 min•Season 2Ep. 37
There’s a very good chance that your taxes are about to go up. That’s because the Tax Cuts and Jobs Act of 2017, a massive overhaul of the tax code for both businesses and individual taxpayers that reduced taxes for many people, may expire if Congress doesn’t act to extend it. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow discuss ways to start planning for the possibility of higher taxes, including different strategies that could help redu...
Sep 11, 2023•36 min•Season 2Ep. 36
The rise of artificial intelligence (AI) has raised concerns for some when it comes to their personal finances. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Andy Smith discuss the ins and outs of AI, including ChatGPT, and the opportunities and risks that it may present. Then, David Goldberg, senior vice president and chief data and analytics officer at Edelman Financial Engines, joins Jean and Andy to talk about what AI technology is and what it can a...
Sep 04, 2023•33 min•Season 2Ep. 35
In this special episode of Edelman Financial Engines’ Everyday Wealth™ , we’re revisiting three of our most popular guest interviews, all focused on living longer and how to plan for it. First, Jean speaks to Ken Dychtwald, founder of Age Wave, about how retirement is changing and what retirees can do to prepare both financially and mentally for a longer life. Then, Jean welcomes Michael Clinton, author of Roar: into the second half of your life (before it's too late), about the importance of fi...
Aug 28, 2023•41 min•Season 2Ep. 34
There’s a growing trend of people going through retirement alone. Whether it’s because of the loss of a spouse, the rise in divorces among baby boomers, or entirely by choice, more and more retirees are going through their golden years solo. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planners Andy Smith and Isabel Barrow to talk about the challenges of retiring alone and what you can do to prepare for a less stressful solo retirement. Then, Jean is ...
Aug 21, 2023•40 min•Season 2Ep. 33
With a rapidly changing housing market and soaring mortgage rates, many people are questioning if now is the right time to buy. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow explore that question by dissecting today’s housing climate and weighing in on the factors you need to consider before buying a home. Then, they talk to Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors, about ...
Aug 14, 2023•39 min•Season 2Ep. 32
These days, fewer students are enrolling in colleges and the ones who enroll are graduating at lower rates. And with the cost of college on the rise, many people are asking if it’s worth it. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Andy Smith to talk about college savings options, such as 529 plans, and alternatives to a traditional college education. Later, Jean and Andy talk to Ryan Craig, managing director at Achieve Partners, and autho...
Aug 07, 2023•42 min•Season 2Ep. 31
When it comes to making plans for retirement, many people focus their time and energy on the financial aspects – investments, taxes, insurance, estate plans, health care and more. But what about the psychological impact of retiring? In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planners Isabel Barrow and Andy Smith explore the stressors of retirement and what you can do to help reduce stress and live the comfortable retirement you deserve. Then, Dr. Riley Moyne...
Jul 31, 2023•45 min•Season 2Ep. 30
According to the Centers for Disease Control and Prevention, 1 out of every 36 children are diagnosed with autism spectrum disorder. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Isabel Barrow and a director of estate planning Erin Smith, to detail the financial and legal challenges that families of children with special needs face and discuss options to consider to help navigate them. Later in the episode, Jean talks to Gordon Hartman, the fou...
Jul 24, 2023•42 min•Season 2Ep. 29
This episode of Edelman Financial Engines’ Everyday Wealth™ is, as Jean describes it, “everything you ever needed to know about insurance but didn’t know enough to ask.” Jean is joined by wealth planner Isabel Barrow and insurance expert Rob Bain from Edelman Financial Engines, to break down which policies you should have, like long-term care, life insurance and disability. And which ones you probably don’t need. They also cover lesser-known policies, like umbrella insurance, and bust a few myth...
Jul 17, 2023•40 min•Season 2Ep. 28
One of the most important aspects of a relationship is honesty, especially when it comes to money. That’s because being honest about your finances can lead to a new type of affection – financial intimacy. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planners Isabel Barrow and Andy Smith to talk about all the ways a planner can help couples overcome challenges, improve communication and create intimacy. Later in the episode, Kathleen Burns Kingsbury, a...
Jul 10, 2023•49 min•Season 2Ep. 27
