According to a recent industry survey, Americans today think they’ll need roughly $1.25 million to retire comfortably. But the average amount of savings in retirement accounts has actually dropped by 11% over the same time frame. So how much do you need to retire? This week on Edelman Financial Engines’ Everyday Wealth™ , Jean, Soledad and wealth planner Rose Niang discuss why chasing a number is never a good idea and how a planner can help you figure out what’s best for you. Later in the episod...
Dec 03, 2022•41 min
According to recent studies, the majority of millionaires in the U.S. are self-made. They didn’t inherit their money, they earned it, and most are the first generation in their family to do so. In this episode of Edelman Financial Engines’ Everyday Wealth ™, Jean, Soledad, and wealth planner Brian Leslie discuss the unique challenges of first-generation wealth and how you can pass on the traits that helped build it to future generations. Later, many people retired during the pandemic and are now...
Nov 26, 2022•40 min
There’s a lot of hype in the news about 2023 and the economic turmoil we may be facing. However, another way to think about it is that we actually may be on the path to normalization. This week on Edelman Financial Engines’ Everyday Wealth™ , Jean, Soledad, and wealth planner John McCafferty will discuss the economic forces that are impacting all of us right now, and shed some light on why it may not be as ominous as we think. Later in the episode, Christopher Jones, chief investment officer for...
Nov 19, 2022•40 min
For most people, 2022 has been a perfect storm of high inflation, aggressive rate hikes, volatile markets, worries of recession… and just about everything else that makes investors run for the hills. This week on Edelman Financial Engines’ Everyday Wealth™ , Soledad, Jean and wealth planner Andy Smith will put the markets into context, and – hopefully – provide a bit of perspective about what we’re experiencing right now in the economy. Later in the episode, the hosts discuss two types of invest...
Nov 12, 2022•40 min
When you’re approaching retirement, you have to make many decisions that will affect your finances – either positively or negatively. In this episode of Edelman Financial Engines’ Everyday Wealth ™, Jean and wealth planner Isabel Barrow discuss some of the most important decisions that could cost you if you don’t plan for them, including what to do with your mortgage, and what to consider before traveling . Later, the end of the year is coming and so are opportunities to harvest some of your los...
Nov 05, 2022•40 min
Record inflation, aggressive rate hikes and a gloomy financial forecast for 2023 – not much seems to be going right in today’s economic climate. So what effect do these financial headwinds have on our own “personal economies”? This week on Edelman Financial Engines’ Everyday Wealth™ , Soledad, Jean and wealth planner Isabel Barrow will be talking about why you should consider sticking with a diversified portfolio through unsettling times. Later in the episode, with midterms around the corner and...
Oct 29, 2022•40 min
During Medicare enrollment, there are many decisions to make that could cost you a lot if you don’t choose wisely. In this episode of Edelman Financial Engines’ Everyday Wealth ™, Jean, Soledad and wealth planner Rose Niang explain the intricacies of Medicare plans and what you need to know to help you make the best decisions. Later in the episode, charitable giving is good for charities and it also could be good for your personal economy. The hosts discuss giving in a tax-efficient way and how ...
Oct 22, 2022•40 min
There are plenty of ways that inflation may have a negative impact on our finances, but there may be a silver lining. In this episode of Edelman Financial Engines' Everyday Wealth ™, Jean, Soledad and Edelman Financial Engines wealth planner Isabel Barrow break down what may be some positive news when it comes time to pay your taxes. Next, the hosts tackle the challenges of leaving a legacy from first generation wealth – from how to know if you have enough to where to start once you do. Later, D...
Oct 15, 2022•41 min
According to recent studies, the majority of millionaires in the U.S. are self-made. They didn’t inherit their money, they did it the hard way. They earned it, and most are the first generation in their family to do so. In this episode of Edelman Financial Engines’ Everyday Wealth ™, Jean, Soledad, and wealth planner Brian Leslie discuss the unique challenges of first-generation wealth and how you can pass on the traits that helped build it to future generations. Later, many people retired durin...
Oct 08, 2022•41 min
When you’re approaching retirement, you have to make many decisions that will affect your finances – either positively or negatively. In this episode of Edelman Financial Engines’ Everyday Wealth ™, Jean and wealth planner Isabel Barrow discuss some of the most important decisions that could cost you if you don’t plan for them, including what to do with your mortgage, and what to consider before traveling . Later, the end of the year is coming and so are opportunities to harvest some of your los...
Oct 01, 2022•40 min
Even in the toughest financial times, you can get a windfall of money and have no idea what to do with it. In this episode of Edelman Financial Engines’ Everyday Wealth ™, Soledad, Jean and wealth planner Jason Cowans talk about what to do if you’re one of those lucky people who come into sudden wealth – either through an inheritance, a divorce or lawsuit settlements, or even the lottery – to help make the most of your money. This show is pre-recorded, and any callers are prescreened. Main Radio...
Sep 24, 2022•42 min
To avoid layoffs, some companies are choosing to offer early retirement packages to some employees. In this highlight, Soledad, Jean, and Edelman Financial Engines wealth planner John McCafferty discuss what a good early retirement package can include, and what to consider if you’re offered one. See omnystudio.com/listener for privacy information.
Sep 22, 2022•6 min
With open enrollment season right around the corner, Jean, Soledad, and Edelman Financial Engines wealth planner John McCafferty discuss considerations to make when it comes to long-term and short-term disability, life insurance and 401K contributions. Neither Edelman Financial Engines nor any of its affiliates, or their advisors, sell insurance products. EFE’s affiliates may receive insurance related compensation for the referral of insurance opportunities to third parties if individuals elect ...
Sep 21, 2022•7 min
Edelman Financial Engines wealth planner John McCafferty walks Jean and Soledad through what should be on your year end financial review checklist including your current financial plan, risk tolerance, and questions to ask your financial advisor about your portfolio. Investing strategies, such as asset allocation, diversification or rebalancing, do not ensure or guarantee better performance and cannot eliminate the risk of investment losses. All investments have inherent risks, including loss of...
Sep 20, 2022•5 min
Recession, inflation, rising interest rates. Wondering what today's economic challenges mean for you? In this highlight, you’ll get a sneak peek into Edelman Financial Engines’ new webinar, “The Economic Storm of 2022 and Your Wealth,” a round-table discussion hosted by Jean Chatzky and featuring wealth planners from Edelman Financial Engines, happening on September 20 at 2 p.m. or 8 p.m. ET. You’ll get timely insights into today’s market situation – and learn steps to consider now. You can regi...
Sep 19, 2022•9 min
As fall approaches, many people are feeling the need to do something before the end of the year, both personally and financially. This week on Edelman Financial Engines’ Everyday Wealth TM, Jean, Soledad and Edelman Financial Engines’ planner John McCafferty discuss the opportunities you don’t want to miss out on on your financial planning checklist heading into the final stretch of the year including your year end financial review, open enrollment, 401k contributions, and what to do if you’re o...
Sep 17, 2022•43 min
If you’re thinking about renting your house on Airbnb, there are a few things to consider. Edelman Financial Engines wealth planner Rose Niang, Jean and Soledad break down what you need to know before you decide. See omnystudio.com/listener for privacy information.
Sep 16, 2022•2 min
Soledad, Jean, and Edelman Financial Engines wealth planner Rose Niang discuss the correlation between home prices and inflation and whether or not it's a good time to buy a second home. See omnystudio.com/listener for privacy information.
Sep 15, 2022•5 min
Are you one of the lucky people who has a pension? If you are, and you retire now, should you take a lump sum or monthly payments? And why do time and interest rates play such a critical role in this decision? In this segment, Soledad, Jean, and Edelman Financial Engines wealth planner Rose Niang explore what you need to know when it comes to pensions. See omnystudio.com/listener for privacy information.
Sep 14, 2022•6 min
In this highlight, Jean, Soledad, and Edelman Financial Engines wealth planner Rose Niang talk about the big pinch of increased financing costs amid high interest rates, higher prices that consumers may feel on big ticket items due to inflation, home improvements, and what to consider before making a purchase. See omnystudio.com/listener for privacy information.
Sep 13, 2022•5 min
Jean, Soledad, and Edelman Financial Engines wealth planner Rose Niang discuss what happens when interest rates rise and what the possible upsides are, including potential extra money for savers and social security recipients. See omnystudio.com/listener for privacy information.
Sep 12, 2022•5 min
The fed continues to work on lowering inflation rates, using interest rate hikes as a method for cooling the economy. As a result, markets tumbled. Now analysts and investors are trying to predict the size of the next Fed hike coming later in September, and the market will move day to day as it tries to price in those potential hikes. This week on Edelman Financial Engines’ Everyday Wealth TM, Jean, Soledad, and Edelman Financial Engines wealth planner Rose Niang will be discussing why we should...
Sep 10, 2022•48 min
Jean and Soledad, joined by Edelman Financial Engines wealth planner Isabel Barrow, discuss perception vs reality when it comes to retiring in a bear market and how attaching a number to your retirement plan may not be the best approach. Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will ...
Sep 08, 2022•7 min
Edelman Financial Engines wealth planner Isabel Barrow breaks down the meaning behind sequence of return risk for Jean and Soledad and explains what role it plays for retirees when it comes to withdrawal strategies. Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio...
Sep 07, 2022•6 min
Soledad, Jean, and Edelman Financial Engines wealth planner Isabel Barrow answer a listener’s questions about required minimum distributions (RMDs) and discuss strategies that a planner can help you put into action during a bear market Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will ou...
Sep 06, 2022•10 min
Jean and Soledad, joined by Edelman Financial Engines wealth planner Isabel Barrow, explore the pros and cons of different withdrawal strategies and how a wealth planner could help you determine which fit your personal economy. Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform...
Sep 05, 2022•10 min
Given the current state of the economy, with high inflation, market volatility, and overall financial stress, many retirees are reconsidering their retirement out of fear that they may outlive their wealth. In this encore presentation of Everyday Wealth™ from July 30, 2022, Jean and Soledad are joined by Edelman Financial Engines wealth planner Isabel Barrow to discuss how retirement is changing and what considerations to make when retiring in a bear market, including partial retirement, withdra...
Sep 03, 2022•40 min
Soledad, Jean, and Edelman Financial Engines wealth planner Jason Cowans answer a listener’s questions about required minimum distributions and discuss what approach may help mitigate long-term risks. See omnystudio.com/listener for privacy information.
Sep 01, 2022•9 min
A lot of times we think we've got everything mapped out and we have a plan and the plan's going along just fine and then all of a sudden, something happens – like a health scare – and it completely changes everything. In this segment, Jean, Soledad, and Edelman Financial Engines wealth planner Jason Cowans talk about how to reevaluate your financial plan to help you make sure you’re prepared for the worst. Neither Financial Engines Advisors L.L.C. nor its affiliates offer tax or legal advice. In...
Aug 31, 2022•6 min
Changing jobs in your 40s and 50s can present certain financial complications that can be worth big money depending on your situation. Edelman Financial Engines wealth planner Jason Cowans discusses with Jean and Soledad what makes taking a new job a good or bad decision financially in the long term and what you should know before accepting a new position. Neither Financial Engines Advisors L.L.C. nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek ad...
Aug 30, 2022•5 min
