On this episode:
There are 67 million Americans receiving benefits from the Social Security Administration. The average retirement benefit is about $1,400 per month. Do you want to learn how to get the most out of your benefit?Listen to Ric Edelman share 10 tips on how to get the most out of Social Security.
Think twice before donating money in the wake of a tragedy like the fire at Notre Dame. That’s because scam artists come out of the woodwork after disasters,sending out massive numbers of emails and making bogus phone calls asking for money. If you want to help, make sure you know exactly where you’re sending the money and what it’s going to be used for. Listen to Ric Edelman offer more tips on how to be smart when donating money.
More than 8 million grandparents have grandchildren living with them. Even more grandparents are financially supporting their grandchildren. Have you contributed to a grandchild’s college tuition or co-signed on a student loan? Listen to Ric Edelman explain why personal finance is a family affair and how to recognize the implications of your financial decisions.
A listener explains how he gave one daughter $300,000 for college, and his other daughter only got $100,000. He wants to know if he should give the other daughter the extra $200,000. Listen to Ric Edelman explain why this might not be a good idea and how to use open communication about money with your children to address questions of fairness.
These callers were prerecorded and prescreened.
Investing strategies, such as asset allocation, diversification, or rebalancing, do not assure or guarantee better performance and cannot eliminate the risk of investment losses. All investments have inherent risks, including loss of principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.
This material was prepared for informational and/or educational purposes only. Neither Financial Engines Advisors L.L.C (also referred to as Edelman Financial Engines) nor its affiliates offer tax or legal advice. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.