Everyday Wealth

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 multigenerational travel, vacationing with a purpose and how to help make your money go further. 

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 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.

The views and opinions expressed by Emily Kaufman are solely her 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.

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 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 Ryan Frederick 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. 

© 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. Produced June 2023.

See omnystudio.com/listener for privacy information.

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 in retirement from an IRA.

This show is pre-recorded.

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 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.

© 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. Produced June 2023.

See omnystudio.com/listener for privacy information.

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 the economy and the philosophy behind our unique approach to investing.

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 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 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 that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.

See omnystudio.com/listener for privacy information.

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 and co-chief client officer at Edelman Financial Engines, about the results of the Everyday Wealth in America 2022 Report, and the challenges that Americans face when it comes to having discussions about money. Later in the episode, wealth planner Isabel Barrow joins Jean and Jason to discuss why 83% of survey respondents said they stress less because of their financial planner and the tactical ways in which a planner can help.

You can download the Everyday Wealth in America 2022 Report for free at Edelmanfinancialengines.com/wealth-in-america-2022/

The show is prerecorded.

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. Results are not guaranteed. Produced May 2023.

See omnystudio.com/listener for privacy information.

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, executive vice president, and co-chief client officer at Edelman Financial Engines, joins the conversation to provide insight on annuities in the workplace and the SECURE 2.0 Act. Later, Jean talks with Robert Bain, who leads the insurance team at Edelman Financial Engines, about the pros and cons of equity-indexed annuities and the complex details that surround them.

The show is prerecorded. Firm stats as of March, 2023.

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.

An index is a portfolio of specific securities (such as the S&P 500, Dow Jones Industrial Average and Nasdaq composite), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.

© 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. Produced May 2023.

See omnystudio.com/listener for privacy information.

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, Jean interviews hospice physician and author Jordan Grumet, aka Doc G, about physician burnout and what physicians, nurses and others working in health care can do to lessen their stress and develop new income streams to supplement their income.

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 Jordan Grummett 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.

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.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Although the information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. 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.

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 explain the ins and outs of long-term care insurance and why it’s so important to have, given that more than 55 million Americans are expected to require long-term care in the next 30 years.

This show is pre-recorded, and any callers are prescreened.

Ms. Chatzky receives cash compensation for acting as host 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).

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.

This presentation contains mentions of third-party insurance companies, which are unaffiliated with EFE and its affiliates. 

For more information about insurance options, or to order a copy of the National Association of Insurance Commissioners' free booklet, "A Shopper's Guide to Long-Term Care Insurance," visit InsureUOnline.org or call (866) 470-NAIC.

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.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Although the information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. 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.

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 income. Later in the episode, Jean and Isabel are joined by Jessica DeBold, the director of advanced planning strategy and tools with Edelman Financial Engines, to explain strategies that may help optimize your retirement income plan.

This show is pre-recorded, and any callers are prescreened.

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).

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Although the information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. 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. 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 that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.

See omnystudio.com/listener for privacy information.

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 transfer. Later in the episode, Jean is joined by wealth planner Andy Smith to answer a listener’s question about when to do a backdoor Roth conversion and how it could help reduce her tax bite.

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 information regarding IRAs and backdoor Roth IRAs is provided for informational and educational purposes only and should not be construed as tax or investment advice. You should consult with 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.

See omnystudio.com/listener for privacy information.