Month: May 2023
How Do I Handle Stock Awards and Executive Compensation? With Joe Patterson, CFP®

How Do I Handle Stock Awards and Executive Compensation? With Joe Patterson, CFP®

By |

It is a wonderful thing when you reach a point in your career where you receive additional compensation such as stock awards. However, not all stock grants are created equal, and understanding the nuances and tax consequences is essential to maximizing their benefits.

Join us in this episode as we explore the complex world of stock grants with Joe Patterson, CFP®.  Joe shares his expertise and insights on the different types of stock grants, their vesting schedules, and the tax implications they may have on your portfolio.

Topics Joe shares more about:

  • The motivations behind companies offering stock awards
  • Some of the different types of stock awards available
  • The advantages and disadvantages of different  types of stock awards
  • A detailed look at the tax implications of receiving stock awards
  • And more

 

Connect With Joe Patterson:

About Our Guest:

Joe Patterson remembers as a child going with his father, an estate planning attorney, to visit clients, many of whom were in chaotic or isolated situations. His father drilled into him that being there for people with integrity and consistency wasn’t just part of the job, but was what you built a career on.

Joe values face-to-face interaction and relationship-building more than anything else, and he often does it with a laugh. After a ten-year career with other institutions, he knew that the unique approach of Foster & Motley, pairing an investment manager with a financial planner, would allow him to have more of the real conversations that lead to organized and holistic outcomes.

Joe became a shareholder in 2017 at Foster & Motley and finds a lot of purpose and inspiration in the long-term vision of the firm. He is also in charge of human capital at Foster & Motley, and he oversees employee matters ranging from benefits and hiring to planning fun, team-building events for our staff. At Foster & Motley, relationships with clients are the most important aspect of anyone’s work, and Joe knows that the well-being and happiness of his colleagues contribute to successful client relationships. Helping to provide a positive and engaging environment is right up his alley.

Joe and his wife Sarah have prioritized exposing their sons, Peter and Tate, to different cultures and experiences. One such experience was a trip to Spain, and they plan on undertaking many more small and large adventures with their family.

It is not lost on Joe that in any situation, whether with his family or in his work, getting face-to-face and having real interactions is always the first step to helping others.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
How Much Longer Will We Talk About Inflation? With David J. Nienaber, MBA, CPA, CFP®

How Much Longer Will We Talk About Inflation? With David J. Nienaber, MBA, CPA, CFP®

By |

While many of us associate inflation with the increased costs of basic necessities such as gas, groceries, or haircuts, its impact is much broader than that. Inflation is a complex topic that affects every aspect of our financial lives – from day-to-day expenses to long-term goals such as homeownership and retirement planning.

Join us in this episode as David J. Neinaber, MBA, CPA, CFP®, provides an overview to help tackle the puzzle that is inflation. Despite remaining relatively low in the past forty years, recent trends show that inflation is on the rise – and this can have a significant impact on your monthly expenses and the performance of your investments. 

Topics David shares more about:

  • Understanding the impact of inflation 
  • Strategies to safeguard your investments against inflation
  • Simple explanations and examples for understanding inflation
  • And more!

Connect With David Nienaber:

About Dave:

As a 17-year-old junior at Covington Catholic High School, Dave Nienaber unabashedly told a class speaker that he would eventually become a CERTIFIED FINANCIAL PLANNER™, surprising a number of his classmates, but not those who knew him best. David has never refrained from engaging fully and with purpose. Whether it was as the portfolio manager for the University of Dayton’s student-run portfolio during his time as an undergraduate, teaching his children to play golf or even sticking by his beloved Green Bay Packers, he has always been energized by commitments to meaningful pursuits.

Upon graduating from the University of Dayton in 2004 with an MBA and a Bachelor of Science degree magna cum laude in Accounting and Finance, Dave started his career with Deloitte and soon earned his CPA. It was during his time working with Deloitte’s Investment Advisors team, while spending a significant amount of time working with Procter & Gamble employees and retirees, that he discovered his real passion. He enjoyed providing the many services that come with handling complex asset and retirement situations, and he had the opportunity to gain experience with an array of financial situations.

When his previous company was sold, Dave had the opportunity to step back and look at the entire financial landscape in Cincinnati and determine where he might fit best. Foster & Motley immediately jumped to the front of the line. He was drawn to their client-centric approach and low ego ethos. He also saw that with the employee-owned model of the firm, there was the chance to be invested in the company in even greater ways than just his day-to-day work. It was a natural fit.

Dave has been with Foster & Motley since 2010 serving as a Financial Planner and has been a shareholder since 2015. Dave’s client-focused mentality and team-oriented attitude led him to his role as Head of the Financial Planning team. Dave helps keep the team on top of the latest financial planning issues, so we can best serve clients.  He always thought that he would enjoy giving people advice in his role as a planner and adviser, but over the years, he has honed his listening and question-asking skills. Now, he counts helping clients find the path that is right for them as the best part of his job.

It is no surprise that Dave’s family life is also full of deep purpose. Dave and his wife Moreen most enjoy taking their five children, Ella, Luke, Nicholas, Anna, and Caroline up to northern Michigan to sail, fish, and spend quality time together. They reside in Northern Kentucky, near where David grew up, and as he looks to the future, he knows his roots and commitments will continue to deepen.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
How Do I Plan for My Financial Future While Going Through a Divorce? With Rachel Rasmussen, MBA, CFA, CDFA®, and Joe Patterson, CFP®

How Do I Plan for My Financial Future While Going Through a Divorce? With Rachel Rasmussen, MBA, CFA, CDFA®, and Joe Patterson, CFP®

By |

Did you know that the United States ranks 4th in the world for the highest number of divorces? 

If you’re going through a divorce, it’s essential to understand the financial implications that could impact your future. 

In this episode, Rachel Rasmussen, MBA, CFA, CDFA®, and Joe Patterson, CFP®, help us understand the divorce process so you can plan for your financial future. You’ll also learn how working with a financial advisor can help you understand the financial impact of your divorce proceedings.    

Rachel and Joe share more about:

  • The importance of planning  for your new financial future
  • Financial factors in a divorce that you may not be aware of
  • Financial considerations pre and post-divorce
  • Why having a team of advisors can help to reduce stress
  • And more

Resources:

Connect With Rachel and Joe:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Archives

Categories