Season 2 Episode 50: Setting (and keeping) your financial resolutions

<p>It’s almost New Year’s Day, which means millions of people will make New Year’s resolutions, including financial ones. Unfortunately, data suggests that only 9% of Americans who make resolutions will complete them. In this episode of Edelman Financial Engines’ <em>Everyday Wealth™,</em> Jean and wealth planner Isabel Barrow discuss how to help improve your financial outlook in the new year and what steps to take to help get there, including maximizing your retirement accounts, including 401(k)s, eliminating debt and revisiting your emergency fund and cash reserves.</p> <p>Later, Jean talks to Katy Milkman, a professor at The Wharton School of the University of Pennsylvania and the author of <em>How to Change: The Science of Getting From Where You Are to Where You Want to Be</em>, about science-based tips for sticking to your resolutions and how these insights from economics and psychology can be harnessed to help change behaviors for good.</p> <p> </p> <p>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).</p> <p>The information being provided is for informational and educational purposes only and should not be construed as investment advice. Although some of the statistical information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. You should consult with a professional and/or do your own due diligence to help determine the best options for your particular circumstances.</p> <p>Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best opti