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, Next! The Power of Reinvention in Life and Work, is about the different forms that retirement can take when we lean into self-reinvention, and the four steps to help you get there successfully.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. Ms. Chatzky is neither an employee nor client of EFE and Ms. Chatzky is a paid endorser, with an incentive to endorse EFE. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
This show is prerecorded and any callers are prescreened.
The views and opinions expressed by Joanne Lipman are solely their own and may not reflect the views or opinions of EFE or its planners.
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical and market information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. Individual experiences are unique to each situation. Your experience may differ. You should consult with a financial advisor to help determine the best options for your particular circumstances.
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 principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.
© 2024 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed. Produced January 2024. 
AM# 3332067See omnystudio.com/listener for privacy information.

Season 2 Episode 55: Are you planning for the right retirement?

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 answer listener questions, like how much to withdraw annually from 401(k) plans in retirement, what to expect from Social Security in the future, and what options are available for health care coverage for retirees before age 65.
 
Ms. Chatzky receives cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is pre-recorded, and any callers are prescreened.
The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from your qualified tax and/or legal professionals to help determine the best options for your particular circumstances.
© 2024 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed. Produced January 2024.See omnystudio.com/listener for privacy information.

Season 2 Episode 54: Changes in the SECURE Act for 2024 – and we answer your questions

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 create wealth over the long term.
Later, Jean is joined by Mark Zandi, chief economist for Moody’s Analytics, to talk about what 2024 may have in store, including his outlook on inflation, interest rates and the possibility of a recession, and what other trends he sees for this year.
 
Ms. Chatzky receives cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is pre-recorded, and any callers are prescreened.
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.
Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.
The views and opinions expressed by Mark Zandi are solely his own and may not reflect the views or opinions of EFE or its planners. The information being provided is for informational and educational purposes only and should not be construed as investment advice. You should consult with a financial advisor to help determine the best options for your particular circumstances.See omnystudio.com/listener for privacy information.

Season 2 Episode 53: Outlook 2024: Growing Your Wealth in an Uncertain World

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. Later in the episode, Rich Lahijani, a director of tax advisory and planning at Edelman Financial Engines, joins the conversation to talk about tax considerations, including what you typically can and can’t write off with your new business.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor and tax professional to help determine the best options for your particular circumstances. Neither Edelman Financial Engines nor its affiliates offer tax advice. Interested parties are strongly encouraged to seek advice from a qualified tax expert regarding the best options for your particular circumstances.
© 2024 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC.  Advisory services provided by Financial Engines Advisors L.L.C. a federally registered investment advisor. Certain services are provided on an educational and guidance basis only. Results are not guaranteed. Originally produced January 2023. AM3288476See omnystudio.com/listener for privacy information.

Season 2 Episode 52: Starting a small business or side hustle

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 finally, Jean speaks with Gordon Hartman about how his love for his daughter helped him reimagine what it means to be retired.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is prerecorded and any callers are prescreened.
The views and opinions expressed by Dr. Riley Moynes, Marcia Mantell and Gordon Hartman are solely their own and may not reflect the views or opinions of EFE or its planners.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical and market information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a financial advisor to help determine the best options for your particular circumstances.
Produced December 2023.
© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed. AM3288458See omnystudio.com/listener for privacy information.

Season 2 Episode 51: The Best of 2023 – Transitioning into retirement

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 with Jean Chatzky, financial journalist and bestselling New York Times author who is also the host of Everyday Wealth.
 
This information is being provided for informational and education purposes and should not be construed as advice. Individual experiences are personalized and will vary.
Ms. Chatzky is not an employee or client of EFE. She receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse EFE and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, nor is it based on show content or any results-dependent factors (e.g., popularity of the show).
Advisory services provided by Financial Engines Advisors L.L.C. a federally registered investment advisor. Certain services are provided on an educational and guidance basis only. Results are not guaranteed. Produced November 2023. AM# 3280302See omnystudio.com/listener for privacy information.

Listen as I get financially planned

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, eliminating debt and revisiting your emergency fund and cash reserves.
Later, Jean talks to Katy Milkman, a professor at The Wharton School of the University of Pennsylvania and the author of How to Change: The Science of Getting From Where You Are to Where You Want to Be, about science-based tips for sticking to your resolutions and how these insights from economics and psychology can be harnessed to help change behaviors for good.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances.
Certain services are provided on an educational and guidance basis only.
The views and opinions expressed by Professor Katy Milkman are solely her own and may not reflect the views or opinions of EFE or its planners.
This show is prerecorded. Produced December 2023.
© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC.  Advisory services provided by Financial Engines Advisors L.L.C. a federally registered investment advisor. Results are not guaranteed. AM3224763
 See omnystudio.com/listener for privacy information.

Season 2 Episode 50: Setting (and keeping) your financial resolutions

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 like to submit a question, you can go to EverydayWealth.com, scroll down to the box that says, “ASK THE HOST,” type in your question and send it our way.
 
Ms. Chatzky receives cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is pre-recorded, and any callers are prescreened.
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.
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 principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.See omnystudio.com/listener for privacy information.

Season 2 Episode 49: We answer your questions

’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.
Then, Jean speaks with Dr. Stephen Post, professor of family, population and preventive medicine and founding director of the Center for Medical Humanities, Compassionate Care and Bioethics at Stony Brook University, about why giving is so good for us. His bestselling books include The Hidden Gifts of Helping and Why Good Things Happen to Good People.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor and tax professional to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax advice. Interested parties are strongly encouraged to seek advice from qualified tax expert regarding the best options for your particular circumstances.
The views and opinions expressed by Dr. Stephen Post, are solely his own and may not reflect the views or opinions of EFE or its planners.
© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC.  Advisory services provided by Financial Engines Advisors L.L.C. a federally registered investment advisor. Certain services are provided on an educational and guidance basis only. Results are not guaranteed. Produced November 2023. AM3214503See omnystudio.com/listener for privacy information.

Season 2 Episode 48: Creating charitable giving strategies that make an impact

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 retirement accounts, more time for those tax-deferred accounts to compound and potentially grow, additional potential health care benefits, and more.
Then, Jean interviews Rob Berger, founding editor of Forbes Advisor, YouTuber and author of Retire Before Mom and Dad, about his journey through retiring three times and why he still keeps going back to work.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
Certain services are provided on an educational and guidance basis only.
The views and opinions expressed by Rob Berger are solely their own and may not reflect the views or opinions of EFE or its planners.
This show is prerecorded. Produced November 2023.
© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC.  Advisory services provided by Financial Engines Advisors L.L.C. a federally registered investment advisor. Results are not guaranteed. AM3177396.See omnystudio.com/listener for privacy information.

Season 2 Episode 47: What if you never retire – by choice?

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 investment strategy can help you avoid obsessing over short-term volatility, while keeping you focused on achieving your financial goals.
Then, Jean talks with David Berube, a professor of communications at North Carolina State University, about how the media often distorts events negatively using sensationalism and why they have an incentive to do so, and how to evaluate the validity of a media source and cut through all the “noise.”
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical and market information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a financial advisor to help determine the best options for your particular circumstances.
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 principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.
The views and opinions expressed by David Berube, a Professor of Communications at North Carolina State University, are solely his own and may not reflect the views or opinions of EFE or its planners.
© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational or guidance basis only. Results are not guaranteed. Produced November 2023.See omnystudio.com/listener for privacy information.

Season 2 Episode 46: The Secret to Long-Term Investing

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. Karl Pillemer, one of America’s leading family sociologists and researchers on aging, on family estrangement and how to navigate difficult conversations with family members during the holidays.
 
Ms. Chatzky receives cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is pre-recorded, and any callers are prescreened.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from your qualified tax and/or legal professionals to help determine the best options for your particular circumstances.
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
The views and opinions expressed by Dr. Karl Pillemer are solely his own and may not reflect the views or opinions of EFE or its planners. The information being provided is for informational and educational purposes only and should not be construed as investment advice. You should consult with a financial advisor to help determine the best options for your particular circumstances.
 See omnystudio.com/listener for privacy information.

Season 2 Episode 45: Introducing the family to your estate plan (and your advisor)

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 401(k), using any flexible spending account balances, reimbursing yourself for any 529 expenses, making and reviewing your annuity exit strategy, making charitable donations, arranging gift giving and more.
Later in the episode, Jean speaks with Dr. Stephen Hayes, an emeritus professor of psychology at the University of Nevada, Reno, president of the Institute for Better Health, and one of the most cited psychologists in the world today, about how to deal with the stress of the holiday season using psychological flexibility skills, including his own ON-A method.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances.
Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.
Certain services are provided on an educational and guidance basis only.
The views and opinions expressed by Dr. Stephen Hayes are solely their own and may not reflect the views or opinions of EFE or its planners.
This show is prerecorded. Produced November 2023.
© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelma

Season 2 Episode 44: Your year-end financial checklist

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 Office of Overseas Citizens Services, and the challenges that it may present.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor and tax professional to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances.
Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.
Certain services are provided on an educational and guidance basis only.
The views and opinions expressed by Elizabeth Gracon, managing director of the Department of State's Office of Overseas, are solely her own and may not reflect the views or opinions of EFE or its planners.
This show is prerecorded. Produced October 2023.
© YEAR Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC.  Advisory services provided by Financial Engines Advisors L.L.C. a federally registered investment advisor. Results are not guaranteed. AM318966See omnystudio.com/listener for privacy information.

Season 2 Episode 43: Retiring abroad: The pros and cons

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 care in retirement. Later, Jean and Isabel break down the ins and outs of Medicare parts A, B, C and D, and the most important factors in keeping your Medicare costs down.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor to help determine the best options for your particular circumstances.
Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.
© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed. Produced October 2023.See omnystudio.com/listener for privacy information.

Season 2 Episode 42: Health care in retirement

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 sudden wealth for someone else by leaving an inheritance and the importance of having an estate plan to navigate the wealth transfer. Later, Dr. Stephen Goldbart, the clinical psychologist who coined the term sudden wealth syndrome, joins the conversation to dig deeper into the psychological impact that a financial jackpot can bring and how to deal with the issues and challenges that come with wealth, sudden or otherwise.
 
Ms. Chatzky receives cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is pre-recorded, and any callers are prescreened.
The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from your qualified tax and/or legal professionals to help determine the best options for your particular circumstances..
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 principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.See omnystudio.com/listener for privacy information.

Season 2 Episode 41: How to deal with a financial windfall

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 investment management strategies that can help build a solid financial foundation, especially when they’re part of an integrated approach to wealth management. Later, Jean interviews Dr. Rachel Volberg, a research professor at the University of Massachusetts Amherst, about the impact of legalized sports betting and gaming in general, as well as the warning signs that may indicate that someone has a gambling problem.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is pre-recorded, and any callers are prescreened.
The views and opinions expressed by Rachel Volberg are solely their own and may not reflect the views or opinions of EFE or its planners.
The information being provided is for informational and educational purposes only and should not be construed as investment advice. You should consult with a financial advisor to help determine the best options for your particular circumstances.
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 principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.See omnystudio.com/listener for privacy information.

Season 2 Episode 40: Don’t gamble your retirement away

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 host” box, type in your question and submit.
 
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
The information provided is for educational purposes only and should not be construed as investment, legal or tax advice. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.
Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.See omnystudio.com/listener for privacy information.

Season 2 Episode 39: We answer your questions

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, joins the conversation to explain the main components of an estate plan and why everyone should have one, especially those with complicated family situations.
 
Ms. Chatzky and HerMoney are not clients, agents, representatives, or affiliates of EFE. She is the host of  EFE’s “Everyday Wealth” podcast. In return, she receives cash compensation as host and engaging in related activities. The “HerMoney with Jean Chatzky Podcast,” is sponsored by EFE. In this arrangement, HerMoney receives a fee based on the number of downloads, paid on a quarterly basis. Both HerMoney and Ms. Chatzky have an incentive to endorse EFE and its services due to these arrangements. For additional information, please go to https://www.edelmanfinancialengines.com/everyday-wealth/ and https://hermoney.com/t/podcasts/.
The use of trusts and estate planning involves a complex web of state laws, tax rules and regulations. The information provided is for educational purposes only and should not be construed as estate, legal or tax advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with your financial advisor and tax or legal professional to help determine the best options for your particular circumstances.
This show is pre-recorded.
© 2023 YEAR Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed. See omnystudio.com/listener for privacy information.

Season 2 Episode 38: Broken ties: The impact of family estrangement on estate planning

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 hosts of the Everyday Wealth radio show and podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).
This show is pre-recorded, and any callers are prescreened.
The information being provided is for informational and educational purposes only. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.See omnystudio.com/listener for privacy information.

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