According to a recent industry survey, Americans today think they’ll need roughly $1.25 million to retire comfortably. But the average amount of savings in retirement accounts has actually dropped by 11% over the same time frame. So how much do you need to retire? This week on Edelman Financial Engines’ Everyday Wealth™, Jean, Soledad and wealth planner Rose Niang discuss why chasing a number is never a good idea and how a planner can help you figure out what’s best for you. Later in the episode, the hosts talk about caring for an aging parent and the benefit of having a trusted advisor to help you navigate the difficult conversations that the scenario brings. Then, Jean, Soledad and Rose dive into the unique set of financial challenges facing couples who are cohabiting but not married.
This show is pre-recorded, and any callers are prescreened.
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).
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