Summer is in full swing and this episode of Edelman Financial Engines’ Everyday Wealth™ is filled with advice on how to help maximize your summer vacation, fun budget and wealth. From travel hotspots to home renovations that can give you the best return on investment, Jean and wealth planner Andy Smith talk about how to make the most of your summer without breaking the bank. Later in the episode, Emily Kaufman – aka The Travel Mom – joins Jean and Andy to discuss current trends, like multigenera...
Jul 03, 2023•33 min•Season 2Ep. 26
Why would you hire a financial planner? In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Andy Smith to discuss the known and lesser-known reasons. From getting married and having a baby to divorce and retirement, learn how a planner can help you. Then, Jean interviews Ryan Frederick, the founder and CEO of Here (Formerly Smart Living 360), about how to help improve your lifespan, health span and wealth span. Ms. Chatzky receives cash compensation ...
Jun 26, 2023•46 min•Season 2Ep. 25
Whether you are considering retiring, unretiring or changing jobs, deciding what to do with the money in your 401k is a big decision. In this episode of Edelman Financial Engines’ Everyday Wealth™ , wealth planner Isabel Barrow joins Jean to discuss your options and the pros and cons of each. Then, Jessica DeBold, director of advanced planning strategies and tools at Edelman Financial Engines, gives insight into potential ways to implement a tax-efficient withdrawal strategy to generate income i...
Jun 19, 2023•36 min•Season 2Ep. 24
With the recent firestorm in the news claiming the U.S. dollar is losing its status as the world’s primary reserve currency, many people are questioning their investments. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Andy Smith talk about where the dollar stands on a global scale and why there’s no need to panic. Later, Neil Gilfedder, chief investment officer of Edelman Financial Engines, joins the discussion to shed light on what’s really going on in...
Jun 12, 2023•35 min•Season 2Ep. 23
Now more than ever, your financial life is deeply connected to your everyday life. To explore how Americans define wealth in the context of the world around them, Edelman Financial Engines partnered with Greenwald Research to examine critical topics that sit squarely at the intersection of life and money, such as family relationships, retirement goals and wealth transfer. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean talks with Jason Van de Loo, executive vice president a...
Jun 05, 2023•35 min•Season 2Ep. 22
When approaching retirement, there are many big questions you must answer. One of the most important is how do you create reliable income from your savings and investments without running out of money? For an increasing number of people, this means including annuities as part of a retirement income plan. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow define what annuities are and if they’re right for everyone. Then, Kelly O’Donnell, executi...
May 29, 2023•36 min•Season 2Ep. 21
May is National Nurses Month, and this episode of Edelman Financial Engines’ Everyday Wealth™ is all about health care. Jean and Erin Smith, the director of estate planning at Edelman Financial Engines, answer an email from a nurse who wants clarity on naming a health care power of attorney. Then, Edelman Financial Engines wealth planner Isabel Barrow joins Jean to break down different options for health care coverage, including Medicare, and ways a financial planner can help reduce costs. Later...
May 22, 2023•54 min•Season 2Ep. 20
Buying insurance can be confusing, but it’s an important process to help protect yourself and your loved ones. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Andy Smith discuss how to determine how much life insurance you may need using a simple formula. They also dive into disability insurance and the types of policies and costs associated with it. Later, Robert Bain, the insurance senior manager at Edelman Financial Engines, joins the podcast to explai...
May 15, 2023•41 min•Season 2Ep. 19
You spent your lifetime working hard, diligently saving and investing money to secure your financial future. But when it’s time for retirement, how do you schedule your income in a way that preserves your wealth as long as you need it to? The right strategy can help you manage taxes and maintain the standard of living you’ve been planning for. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow discuss the potential risks to your retirement inco...
May 08, 2023•44 min•Season 2Ep. 18
Along with retirement plans at your workplace like a 401(k) or 403(b), IRAs have become the cornerstone of modern retirement. There are two types of IRAs - traditional and Roth - and the goals of these two accounts are similar - save for and fund your retirement - but they differ in some important ways. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean breaks down what those differences are and how a backdoor Roth may be a valuable tool to help with estate planning and wealth...
May 01, 2023•21 min
Even though 2 out of 3 people believe you should have a will by age 55 or sooner, less than half of people 55 or older actually have one, according to Caring.com’s 2023 Wills Survey . In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow discuss why it's essential to have plans in place in order to pass on your wealth and legacy to the next generation and some common pitfalls to avoid. Later in the episode, Jean and Isabel answer an email from a l...
Apr 24, 2023•43 min
Over the last decade, because of the zero interest rate policy set by the Federal Reserve, you weren't paid anything to hold cash since ZIRP ensured cash yielded essentially nothing. In fact, after subtracting for inflation, you were losing money if you held cash, hence the phrase – cash is trash. But with the Fed increasing short-term interest rates over the last 12 months and yields on cash-equivalent investments as high as they’ve been in more than a decade, is cash king again? In this episod...
Apr 17, 2023•37 min
Unfortunately, the end of some pandemic-era tax breaks is likely the beginning of tax hikes over the next few years. The big reason is because the Tax Cuts and Jobs Act begins sunsetting next year and many of its provisions are scheduled to expire in 2025. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Isabel Barrow to explore who may face tax increases and to share 11 strategies to start using right now to help reduce your tax burden in the yea...
Apr 10, 2023•38 min
Single people face a unique set of challenges when it comes to financial planning. Jean is joined by wealth planner Rose Niang in this episode of Edelman Financial Engines’ Everyday Wealth™ , to discuss those challenges, including health care, emergency funds and retirement planning, and how to help navigate them. Later in the episode, Erin Smith, director of estate planning at Edelman Financial Engines, joins the conversation to explain the biggest considerations that single people have to make...
Apr 03, 2023•41 min
You work hard saving and investing most of your adult life so that you can have the retirement of your dreams, but there are financial risks that could derail your plans. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Rose Niang explain what those risks are and how to help protect your retirement. Then, Jean is joined by Dr. Ken Dychtwald, the country's foremost expert on aging and author of 19 books on the subject, including his memoir, Radical Curiosit...
Mar 27, 2023•39 min
When it comes to claiming Social Security benefits, there are many questions with no easy answers. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Andy Smith to help break down how to get the most out of Social Security and when might be the best time to claim. Later in the episode, Jean interviews Marcia Mantell, author of What's the Deal with Social Security for Women? and Cooking Up Your Retirement Plan, about how claiming is a critical financ...
Mar 20, 2023•41 min
Divorce rates have been steadily declining since the ‘90s for all age groups except for one – the baby boomers. This phenomenon of rising rates is referred to as gray divorce, and one of the main reasons for the rise is financial differences. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planners Andy Smith and Isabel Barrow explore what these financial differences are, including financial infidelity, and how a planner can help. Ms. Chatzky receives cash compen...
Mar 13, 2023•37 min
The filing deadline to submit 2022 tax returns or an extension and pay taxes owed is Tuesday, April 18 and along with some important changes that you need to know about, there are also tax strategies you can still use to potentially help reduce your taxes. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Andy Smith to discuss last-minute tax tips to help you through this tax season. Later in the episode, Jean and Andy answer an email from a listen...
Mar 06, 2023•39 min
Despite the many reasons to get help from a financial advisor – especially in today’s climate – only 35% currently work with a financial professional. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean and wealth planner Isabel Barrow talk to a listener who wants to choose the right financial advisor after going through a litigious divorce. Later in the episode, Jean and Isabel discuss considerations to make when you’re looking for a wealth planner and questions to ask to help...
Feb 27, 2023•38 min
“Is the 60/40 portfolio dead”? That was a topic making big financial headlines in 2022. But so far this year, media outlets have been walking back on that sentiment. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean talks to Christine Benz, Morningstar's director of personal finance, about portfolio construction, the 4% rule, and what it all means for you. Later in the episode, wealth planner Isabel Barrow joins to discuss the ins and outs of sticking with a diversified portf...
Feb 20, 2023•36 min
When most people think of retirement, they think of slowing down. But it doesn’t have to be this way. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean talks with Michael Clinton, author of ROAR: into the second half of your life (Before It’s Too Late) , about how to re-imagine retirement and make the most of it. Later in the episode, wealth planner Isabel Barrow joins the show to discuss what to consider when you change jobs later in life. This show is pre-recorded, and any ...
Feb 11, 2023•41 min
Retirement security has long been a top concern for this country. This past December, Congress passed the SECURE 2.0 Act, which contains a number of ways for Americans to save more for their retirement. In this episode of Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by wealth planner Andy Smith and Dr. Wei Hu, vice president of financial research for Edelman Financial Engines, to discuss retirement security opportunities and how they may help you save more for retirement, wait lo...
Feb 06, 2023•43 min
As markets continue their bumpy ride, some investors are looking to make back losses during the potential upswings – possibly taking on some excessive risk. In this episode of Everyday Wealth™ , Jean Chatzky is joined by wealth planner Andy Smith to discuss the differences between speculation and investing, and how a wealth planner can help mitigate your risks. They also discuss whether it’s better to lease or buy a car in the current economy, and later in the episode, Dr. Wei Hu, vice president...
Jan 28, 2023•39 min
As home prices and interest rates traveled through the roof this past year, many people want to know where the real estate housing market is headed next. This week on Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by economist Mark Zandi from Moody’s Analytics to do a deep dive on the housing market and to discuss what it will take for homebuying to feel manageable again. Later in the episode, Edelman Financial Engines wealth planner John McCafferty joins the conversation to talk a...
Jan 21, 2023•44 min
When you’re starting a small business or a side gig, there are many important factors to consider in order to help make it a success. This week on Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by Edelman Financial Engines 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. Later in the episode, Rich Lahijani a director, tax advisory and planning at Edelman Financial Engines, joins the conversatio...
Jan 14, 2023•45 min
It’s a new year, which also means it’s time for New Year’s resolutions and according to a recent survey, for 66% of Americans, the resolutions they made were financial. This week on Edelman Financial Engines’ Everyday Wealth™ , Jean is joined by Sarah Newcomb, director of financial psychology at Morningstar, to talk about making financial New Year’s resolutions and how to stay on track when your will is tested. Later in the episode, Edelman Financial Engines wealth planner Isabel Barrow joins Je...
Jan 07, 2023•52 min
In this episode of Edelman Financial Engines' Everyday Wealth , Soledad O’Brien and Jean Chatzky are joined by Nora Super, the executive director of the Milken Institute Center for the Future of Aging, to discuss the link between healthy longevity and financial wellness. Later in the episode, Edelman Financial Engines wealth planner Jason Cowans joins Jean and Soledad to continue the theme of aging, with discussions on planning for future health-care costs and living trusts. Originally posted 4-...
Dec 31, 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...
Dec 24, 2022•40 min
With so many priorities competing for our attention, it’s easy to overlook opportunities that come up this time of the year that can help with your financial plan. This week on Edelman Financial Engines’ Everyday Wealth™ , wealth planner Jason Cowans joins Jean and Soledad to review a few important financial steps you can consider taking before ringing in the new year. Also in this episode, when a loved one passes away, financial decisions can often make the grieving process even more challengin...
Dec 17, 2022•40 min
We’re quickly approaching the holiday season, which means time for family, friends, shopping … and scams. According to the FBI, every year, thousands of people become victims of holiday scams, which can rob you of hard-earned money, personal information and your festive mood. This week on Edelman Financial Engines’ Everyday Wealth™ , Jean, Soledad and wealth planner John McCafferty talk about the different scams to be aware of and how to help protect yourself against them. Later in the episode, ...
Dec 10, 2022•40 min
