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Everyday Wealth

Season 2 Episode 20: What’s wrong with health care?

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2935 Ratings

🗓️ 22 May 2023

⏱️ 55 minutes

🧾️ Download transcript

Summary

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.

Transcript

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0:00.0

The views expressed on this program are not necessarily the views of this station.

0:03.0

Content is for educational purposes only.

0:05.0

Consult a financial advisor or conduct your own due diligence if investing.

0:08.0

The show is pre-recorded.

0:09.0

Everyday Wealth is produced and created by Edelman Financial Engines and hosted by Jean Chatsky.

0:12.0

Ms Chatsky.

0:12.6

Miss Chatsky is not an employee or client of the firm.

0:14.8

She receives fixed cash compensation as host and for related activities and therefore has an incentive

0:19.2

to endorse Edelman Financial Engines and its planners.

0:21.2

For additional information, please see W. Edelman Financial Engines. its planners. For additional information, please see W.W.

0:23.4

Edelman Financial Engines.com slash Everyday Wealth.

0:25.6

The 2022 top 100 independent advisory firm ranking issued by Barron's

0:29.0

is qualitative and quantitative, including assets managed by the firm,

0:31.8

technology spending, staff diversity, succession

0:33.8

planning, and other metrics.

0:35.1

Firms elect to participate but do not pay to be included in the ranking.

0:37.9

Compensation is paid for use and distribution of rating.

0:39.8

Awarded September 2022 based on data within a 12-month period.

0:42.5

Investor experience and returns are not considered.

0:45.2

At the intersection of life and money,

0:48.2

this is Edelman Financial Engine's everyday wealth,

0:51.4

with personal finance expert Jean Chatsky.

...

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