Money on Your Mind

Ep 5: Should I move everything to cash?


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Part two of our conversation with EFE Financial Planner, Laela Erickson. It’s tempting to become financially conservative in uncertain times – but you have other options, too. Laela shares the practical strategies she uses with her own clients, including the "bucketing approach" that matches your money to your timeline and helps you think of your finances as a tool, not a source of anxiety. Dr. Michael Liersch weighs in on the emotional traps that could lead to poor investment decisions and reveals what history teaches us about down markets (hint: they're not always bad news, even if you're still working). Plus, Laela offers a surprising perspective on generosity: Sometimes, the best way to loosen money's grip is to give some of it away. 

Money on Your Mind is produced by Edelman Financial Engines and hosted by Michael Liersch. Information is believed to be reliable but is not guaranteed. This content is for educational purposes only and does not constitute investment, legal, insurance or tax advice. It is not an offer to buy or sell any product and does not represent an endorsement of third parties. All examples are hypothetical and for illustrative purposes only. All investments have inherent risks. Consult a financial advisor before investing.Individual results may vary.

© 2026 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed. [Produced FEBRUARY 2026.]  AM5205002

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Money on Your MindBy Edelman Financial Engines