Everyday Wealth

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.

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.

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 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.

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. AM318966

See omnystudio.com/listener for privacy information.

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.

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.

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.

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.

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.

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.