Season 2 Episode 33: Retirement strategies for singles

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 21 August 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s a growing trend of people going through retirement alone. Whether it’s because of the loss of a spouse, the rise in divorces among baby boomers, or entirely by choice, more and more retirees are going through their golden years solo. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean is joined by wealth planners Andy Smith and Isabel Barrow to talk about the challenges of retiring alone and what you can do to prepare for a less stressful solo retirement. Then, Jean is joined by Rodney Weaver, a director of estate planning at Edelman Financial Engines, to discuss options for solo retirees to help prepare financially for the rest of their lives.

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 prerecorded 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 information regarding estate planning should not be construed as tax or legal advice and is for general informational purposes only. 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.

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.
0:21.3	For additional information, please see W. Edelman Financial Engines. its planners. For additional information, please see W.W. Edelman Financial Engines.com slash everyday wealth.
0:25.7	The 2022 top 100 independent advisory firm ranking issued by Barron's is
0:29.2	qualitative and quantitative, including assets managed by the firm, 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.
0:37.4	Compensation is paid for use and distribution of rating.
0:39.5	Awarded September 2022 based on data within a 12-month period. Investor experience and returns are not considered.
0:44.4	At the intersection of life and money,
0:48.1	this is Edelman Financial Engine's everyday wealth
0:51.3	with personal finance expert Jean Chatsky.
0:54.3	Edlin Financial Engines has been ranked by Behrence as the number one investment advisor
0:58.8	in the country.
1:00.1	Now here's Jean Chatsky.
	...

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