In a world where tapping your phone on a credit card machine is the norm, it can be hard for kids to grasp and truly understand the value of money but, it’s important to teach them about money, and how to prioritize saving, spending, and giving so they have a healthy relationship with money as they get older.
In this episode, Rachel Rasmussen, CFA, CDFA®, and Tony Luckhardt, CFP ®, CRPC®, discuss the importance of teaching children good money habits at any age. It’s never too early or too late to start.
Tony and Rachel share more about:
Introducing financial topics to young children and how that message can evolve as they get older
How sharing your own financial successes and failures can help inform their decisions
Why talking about money now can prevent problems later
As you prepare to venture out into the world, it’s time to embrace real responsibility. Regardless of your current situation, taking the initiative to get essential estate planning documents is a crucial step for any young adult.
In this episode, Nick Roth, CFP®, emphasizes that turning 18 brings about a significant shift in legal recognition, with newfound responsibilities and limitations that may catch some individuals off guard.
Nick shares more about:
The four estate planning documents that every adult should have in place The reason for having estate planning documents in place at an early age
Born and raised in Cincinnati, Nick found a passion for the city and its people. He grew up on the west side where he developed a strong work ethic from his father, who owns and operates his own CPA business. Nick was brought up seeing what true client service is and that translated into finding the perfect fit at Foster & Motley where the client comes first.
Since he was young, Nick knew he wanted to be involved in wealth management. He purchased 5 shares of P&G stock when he was 13 and has been eager to learn more about the markets ever since. His desire for learning doesn’t stop there. During his time at the University of Cincinnati studying finance, he also engaged in other activities, including completing minors in Spanish and Information Systems, studying abroad 3 different times (on three different continents), and joining multiple honors programs/societies to further his education outside the classroom. Nick graduated from the Lindner College of Business magna cum laude in December 2017.
In addition to his career ambitions, Nick is heavily involved with his alma mater, Elder High School. As a member of the Alumni Board, he helps with fundraising efforts, organizing alumni events, and helps graduates stay connected to the school. He is also an avid bowler and enjoys coaching the sport. After bowling himself for 4 years in high school, he joined Elder’s coaching staff and began coaching the Junior Varsity team the year after he graduated. On a personal level, he regularly competes in tournaments and has placed as high as 4th in individual tournaments around Cincinnati.
In his free time, Nick enjoys relaxing with his friends, playing a round of golf, or researching his next travel opportunity. His next bucket list destination is Brazil, and his goal is to get there in the next couple of years.
You’ve taken care of your will, power of attorney, and established a trust, but there is one more document you should consider as you think through your estate plans: a family letter.
In this episode, Zach Horn, MBA, CFP®, CMFC®, emphasizes the significance of having a family letter as a supplement to your estate planning documents. A family letter can provide a personal touch to your last wishes and simplify the process for your loved ones.
Zach delves into several key topics, including:
How this letter can serve as a “catch-all” by containing personal contacts, passwords, healthcare information, and general financial account information
The benefits of having your personal information organized and accessible for your family
How Foster & Motley can provide a template for the family letter, organized for ease of use and to ensure all necessary elements are included – Download your template here.
Zach Horn, MBA, CFP®, CMFC®, knows that a plan communicated in a language people can understand, no matter how complex it might actually be, is possible in every situation and serves everyone involved in the best way possible. Zach has built many client relationships that are more like friendships and go beyond the normal aspects of planning and management. And that’s just the way he wants it.
Zach has a Bachelor of Business Administration degree in Finance from Ohio University and an MBA degree in Finance from Xavier University. Before joining Foster & Motley, Zach worked for Ameriprise Financial, Inc. as a financial advisor in Columbus, Ohio. He joined the firm in 2007 as the Securities Trader and a member of the investment team. Zach obtained the CERTIFIED FINANCIAL PLANNER (CFP®) and Chartered Mutual Fund Counselor (CMFC®) designations in 2012. He is now an Investment Manager and shareholder.
In addition to his duties as an Investment Manager, Zach is also the Managing Partner and President of the Board. In this role, Zach focuses on the long-term vision of Foster & Motley and how the day-to-day operations support that vision. His communication skills and initiative help keep our team focused, open-minded to change, and collaborative.
Zach lives with his family in Mason, Ohio. He enjoys sports of all kinds, but especially coaching his sons in baseball and basketball. In 2020, Zach was included in Cincinnati Business Courier’s Forty Under 40 class which recognizes the next generation of leaders and innovators in Greater Cincinnati. He recently joined the board of directors for the Ohio Valley Goodwill. Zach was impressed with the scale of the organization and their mission of helping those with disabilities and other challenges gain employment in the community and wanted to be part of its success.
