2 • 935 Ratings
🗓️ 26 November 2022
⏱️ 40 minutes
🧾️ Download transcript
According to recent studies, the majority of millionaires in the U.S. are self-made. They didn’t inherit their money, they earned it, and most are the first generation in their family to do so. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean, Soledad, and wealth planner Brian Leslie discuss the unique challenges of first-generation wealth and how you can pass on the traits that helped build it to future generations. Later, many people retired during the pandemic and are now regretting their decision because they didn’t take into account how the down markets, inflation, and higher interest rates would affect their retirement plans. Now some are thinking about taking their social security early. The hosts break down why that could be a costly mistake. Finally, Dr. Wei Hu, vice president of financial research at Edelman Financial Engines, joins the hosts for Investing Sense, to talk about what hindsight bias is and how it could be affecting your assessment of your investments.
Originally posted 10-8-22 and 10-15-22
This show is pre-recorded, and any callers are prescreened.
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0:00.0 | The views expressed on this program are not necessarily the views of the station. |
0:05.7 | Content is for educational purposes only. |
0:07.5 | Consult a financial advisor or conduct your own due diligence of investing. |
0:10.2 | The show was pre-recorded earlier this week. |
0:11.8 | The everyday They receive fixed cash compensation for acting as hosts in related activities, |
0:23.2 | and therefore have an incentive to endorse |
0:24.7 | settlement financial engines and its planners. |
0:26.4 | For additional information, please see Everyday Wealth.com. |
0:28.6 | The 2022 top 100 independent advisory firm ranking by Barons, is qualitative and quantitative, |
0:33.5 | including assets managed, revenue generated, |
0:35.4 | regulatory records, staffing levels and diversity, |
0:37.6 | technology spending and succession planning. |
0:39.3 | Firms elect to participate but do not pay to be included in the Ranking. |
0:41.7 | Compensation is paid for use and distribution of rating. |
0:44.0 | Awarded September 2022 based on data within a 12-month period. |
0:47.0 | Investor experience and returns are not considered. |
0:48.0 | Eddom in Financial Engines' everyday wealth |
0:50.0 | will return next week with a new show. |
0:52.0 | Due to the holiday weekend, |
0:53.0 | today we're rebroadcasting previously aired segments. |
0:57.8 | At the intersection of life and money, |
1:00.1 | this is Edelman Financial Engines Everyday Wealth, |
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