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Financial considerations for the holiday season

Season 1 Episode 50

We’re quickly approaching the holiday season, which means time for family, friends, shopping … and scams. According to the FBI, every year, thousands of people become victims of holiday scams, which can rob you of hard-earned money, personal information and your festive mood. This week on ÃÛѨÊÓƵ’ Everyday Wealthâ„¢, Jean, Soledad and wealth planner John McCafferty talk about the different scams to be aware of and how to help protect yourself against them. Later in the episode, since it’s near year-end and many people have questions about minimizing potential tax liability, the hosts and wealth planner Isabel Barrow take a call from listener Bernie, who has a question about using a Qualified Charitable Donation to his alma mater. Then, it’s the season for gift giving, and Soledad, Jean and ÃÛѨÊÓƵ planner Jason Cowans discuss how your holiday purchases can serve a bigger purpose – specifically, with gifts that support charities or help a loved one with important financial goals.

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 ÃÛѨÊÓƵ and its planners.Ìý That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.Ìý 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).

Neither ÃÛѨÊÓƵ 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.

Hypothetical illustrations described are meant to demonstrate the principle of compound interest and are not representative of past or future results of any specific investment vehicle.


Jean Chatzky

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Meet the Host: Jean Chatzky

Jean Chatzky came to personal finance not as an economist or a financial planner but as a journalist who dug into the topic of money to get her own money in order as well as to earn a paycheck. She has the innate ability to take the complicated world of money and explain it in ways we can all understand. And this has never been more important than now because we all have more responsibility for our financial lives than any generation that came before us. Aside from hosting Everyday Wealthâ„¢, Jean is the CEO of HerMoney.com and host of the podcast HerMoney with Jean Chatzky. The financial editor of NBC's TODAY show for 25 years and the financial ambassador for AARP, she appears frequently on CNN and MSNBC and was a recurring guest on The Oprah Winfrey Show. She is a New York Times and Wall Street Journal bestselling author.