Everyday Wealth

As fall approaches, many people are feeling the need to do something before the end of the year, both personally and financially. This week on Edelman Financial Engines’ Everyday Wealth TM, Jean, Soledad and Edelman Financial Engines’ planner John McCafferty discuss the opportunities you don’t want to miss out on on your financial planning checklist heading into the final stretch of the year inclu...

If you’re thinking about renting your house on Airbnb, there are a few things to consider. Edelman Financial Engines wealth planner Rose Niang, Jean and Soledad break down what you need to know before you decide. See omnystudio.com/listener for privacy information.

Soledad, Jean, and Edelman Financial Engines wealth planner Rose Niang discuss the correlation between home prices and inflation and whether or not it's a good time to buy a second home.  See omnystudio.com/listener for privacy information.

Are you one of the lucky people who has a pension? If you are, and you retire now, should you take a lump sum or monthly payments? And why do time and interest rates play such a critical role in this decision? In this segment, Soledad, Jean, and Edelman Financial Engines wealth planner Rose Niang explore what you need to know when it comes to pensions. See omnystudio.com/listener for privacy infor...

In this highlight, Jean, Soledad, and Edelman Financial Engines wealth planner Rose Niang talk about the big pinch of increased financing costs amid high interest rates, higher prices that consumers may feel on big ticket items due to inflation, home improvements, and what to consider before making a purchase.  See omnystudio.com/listener for privacy information.

Jean, Soledad, and Edelman Financial Engines wealth planner Rose Niang discuss what happens when interest rates rise and what the possible upsides are, including potential extra money for savers and social security recipients. See omnystudio.com/listener for privacy information.

The fed continues to work on lowering inflation rates, using interest rate hikes as a method for cooling the economy. As a result, markets tumbled. Now analysts and investors are trying to predict the size of the next Fed hike coming later in September, and the market will move day to day as it tries to price in those potential hikes. This week on Edelman Financial Engines’ Everyday Wealth TM, Jea...

Jean and Soledad, joined by Edelman Financial Engines wealth planner Isabel Barrow, discuss perception vs reality when it comes to retiring in a bear market and how attaching a number to your retirement plan may not be the best approach.   Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of i...

Edelman Financial Engines wealth planner Isabel Barrow breaks down the meaning behind sequence of return risk for Jean and Soledad and explains what role it plays for retirees when it comes to withdrawal strategies.   Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. Ther...

Soledad, Jean, and Edelman Financial Engines wealth planner Isabel Barrow answer a listener’s questions about required minimum distributions (RMDs) and discuss strategies that a planner can help you put into action during a bear market   Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of inv...

Jean and Soledad, joined by Edelman Financial Engines wealth planner Isabel Barrow, explore the pros and cons of different withdrawal strategies and how a wealth planner could help you determine which fit your personal economy.   Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment...

Given the current state of the economy, with high inflation, market volatility, and overall financial stress, many retirees are reconsidering their retirement out of fear that they may outlive their wealth. In this encore presentation of Everyday Wealth™ from July 30, 2022, Jean and Soledad are joined by Edelman Financial Engines wealth planner Isabel Barrow to discuss how retirement is changing a...

Soledad, Jean, and Edelman Financial Engines wealth planner Jason Cowans answer a listener’s questions about required minimum distributions and discuss what approach may help mitigate long-term risks.  See omnystudio.com/listener for privacy information.

A lot of times we think we've got everything mapped out and we have a plan and the plan's going along just fine and then all of a sudden, something happens – like a health scare – and it completely changes everything. In this segment, Jean, Soledad, and Edelman Financial Engines wealth planner Jason Cowans talk about how to reevaluate your financial plan to help you make sure you’re prepared for t...

Changing jobs in your 40s and 50s can present certain financial complications that can be worth big money depending on your situation. Edelman Financial Engines wealth planner Jason Cowans discusses with Jean and Soledad what makes taking a new job a good or bad decision financially in the long term and what you should know before accepting a new position.   Neither Financial Engines Advisors L.L....

A new baby in the family means new financial considerations. Jean, Soledad and Edelman Financial Engines wealth planner Jason Cowans discuss what new grandparents should consider when thinking about how to gift money to their new grandchild. See omnystudio.com/listener for privacy information.

Many times in life, people have a sound financial plan – and then BOOM – something unexpectedly disrupts it. From positive experiences like the birth of a new child or changing jobs later in life, to the not so positive ones, like unexpected health scares, these are the times where having your financial house in order matters most. This week on Edelman Financial Engines’ Everyday Wealth™ , Soledad...

If you leased your car within the past three years, Jean shares a hack that could make you some money. See omnystudio.com/listener for privacy information.

In our monthly segment, Investing Sense , Dr. Wei Hu, vice president of financial research for Edelman Financial Engines, joins Jean and wealth planner Andy Smith to discuss how reference points can lead to bad investing decisions and what to do to help prevent that from happening.   Dollar Cost Averaging does not assure a profit or protect against a loss in a declining market. For the strategy to...

With sky-high car prices, Jean and Edelman Financial Engines wealth planner Andy Smith discuss whether it’s more cost effective to buy or lease a car in the current economy and the pros and cons of both. Jean also shares her favorite car hack for leased cars. See omnystudio.com/listener for privacy information.

Edelman Financial Engines wealth planner Andy Smith joins Jean to explain why speculation can lead to risky investments and if there’s ever a time when speculation can be used in goals-based investing.   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 ha...

Jean and Edelman Financial Engines wealth planner Andy Smith break down the two different types of investors, and what risks may or may not be worth taking in light of the recent market rebound and continued volatility.   See omnystudio.com/listener for privacy information.

As markets continue their bumpy ride, some investors are looking to make back losses during the potential upswings – possibly taking on some excessive risk. In this episode of Everyday Wealth™ , Jean Chatzky is joined by wealth planner Andy Smith to discuss the differences between speculation and investing, and how a wealth planner can help mitigate your risks. They also discuss whether it’s bette...

If your child is going off to college for the first time, there are many things that you have to send with them, including financial documents. Erin Smith, director of estate planning with Edelman Financial Engines, joins Soledad and Jean to explain what those documents are, and why they’re so important.   Neither Financial Engines Advisors L.L.C. nor its affiliates offer tax or legal advice. Inte...

Whether we’re in a recession-ish now or we will be in the future, it’s important to be prepared. Wiliam Lee, chief economist from the Milken Institute, tells Jean and Soledad what consumers and investors can do to help protect their wealth.   Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk o...