Episode 39: Sudden wealth: a blessing or a curse?

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 24 September 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Even in the toughest financial times, you can get a windfall of money and have no idea what to do with it. In this episode of Edelman Financial Engines’ Everyday Wealth™, Soledad, Jean and wealth planner Jason Cowans talk about what to do if you’re one of those lucky people who come into sudden wealth – either through an inheritance, a divorce or lawsuit settlements, or even the lottery – to help make the most of your money.

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

Main Radio Page: Ms. Chatzky and Ms. O’Brien receive cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore have 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 Financial Engines Advisors L.L.C. 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.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	The views expressed on this program are not necessarily the views of this station.
0:07.6	Content is for educational purposes only.
0:09.2	Consult a financial advisor or conduct your own due diligence if investing.
0:12.1	The show was pre-recorded earlier this week.
0:14.0	The Everyday Wealth Radio show and podcast are produced and created by Edelman Financial
0:17.4	Engines and hosted by Jean Chatsky and Soledad O'Brien.
0:19.8	Ms. Chatsky and Ms. O'Brien are not employees or clients of the firm.
0:22.6	They receive fixed cash compensation for acting as hosts and related activities and
0:26.0	therefore have an incentive to endorse Edelman Financial Engines and its planners.
0:29.0	For additional information, please see W.W.
0:31.1	Edelman.com.com. Com. W. Ew. Ew.W. Ettelman Financial Engence.com.
0:33.0	Every Day, D. Wealth.
0:34.0	The 21 top 100 independent advisory firm ranking issued by Barons is qualitative and quantitative,
0:39.0	including assets managed, revenue generated, regulatory records, staffing levels in diversity, technology spending, and succession planning.
0:45.0	Firms elect to participate, but do not pay to be included in the ranking.
0:47.5	Compensation is paid for use and distribution of rating.
0:49.5	Award in September 2021 based on data within a 12-month period.
0:52.5	Investor experience and returns are not considered.
0:54.4	At the intersection of life and money,
0:58.4	this is Edelman Financial Engine's everyday wealth
1:01.6	with award-winning journalist Soledad O'Brien, personal finance expert
1:05.6	Jean Chatsky and Edelman's Wealth planner Jason Cowens.
	...

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