Inheriting money can be a significant event in your life, and it’s essential to know what to do next. Navigating the emotions associated with the loss can be hard enough, let alone dealing with financial decisions that will impact your future.
In this episode, Zach Binzer, CFP®, and Ryan English, MBA, CFA, CPA, CFP®, discuss the steps needed to navigate the inheritance process. From understanding the estate planning documents to how to divide up assets, this episode is here to help you when life takes over.
Zach and Ryan share more about:
The importance of understanding the assets making up your loved one’s estate
Breaking down the complexities of an estate before decisions are made
Distribution considerations like taxes and timing
Why keeping your beneficiary designations up to date is important
Peanut butter and jelly, Laverne and Shirley, Foster and Motley. All of these iconic pairs have changed the game in their own right.
For more than a year, the financial planners and investment managers at Foster and Motley have shared their knowledge and insights on this podcast. But how did the firm come to be?
In this episode, Dave Foster and Mark Motley share how they started their careers in finance and built a successful business relationship with each other. Dave and Mark walk down memory lane to share insight into how they have run their business, maintaining its success through the years.
Dave and Mark share more about:
The history of their relationship, including how Foster & Motley was formed
Why company growth has never been a driving goal for Dave and Mark
How they’ve built their team to meet the needs of clients
Historic shifts and challenges in the market that Foster & Motley have faced head-on
Balance is a tricky thing. Something that is balanced today may not maintain its balance; take investment portfolios, for example. When Foster & Motley begins working with a client, they balance their portfolio based on several targets, but over time rebalancing is necessary to maintain those targets.
In this episode, Ryan English, CFA, CPA, CFP®, and Nicholas Roth, CFP® explain their hands-on approach to rebalancing, and the importance of rebalancing across a household of accounts rather than individual accounts.
Ryan and Nick also talk about:
Two types of rebalances
The importance of rebalancing accounts
Why you don’t want one asset class to grow too big
Don’t make a charitable gift simply to get a tax deduction; make a charitable gift because it aligns with your goals.
In this episode, Dave Nienaber, MBA, CPA, CFP®, CEPA, and Joe Patterson CFP®, discuss two primary ways of transferring your wealth: charitable and family gifting. They also share what you should consider when giving based on your unique circumstances and goals; and that may not be what your friends are doing!
Dave and Joe share more about:
What to consider before gifting to charities or family
Why you should start with your goals, not tactics for your giving
Donor advised funds and other tools to support your charitable efforts
Many people’s instinct is to sell when the market takes a hit, but making those decisions based on emotion seldom has the best outcome.
In this episode, Ryan English, MBA, CFA, CPA, CFP®, shares his insight on the importance of understanding and the questionnaire Foster & Motley uses to help determine their client’s risk tolerance. He explains how the risk tolerance questionnaire informs decisions about the client’s portfolio and investment policy statement.
Ryan shares more about:
What a risk tolerance questionnaire is
The importance of understanding your risk tolerance
Estate tax doesn’t necessarily affect everyone, but for those it does impact, it can be a big deal. Also, the laws around it have changed several times, and are expected to again soon.
In this episode, Tony Luckhardt, MBA, CFP®, CRPC®, and Emily Diaz, CPA, CFP®, share about the history of estate taxes. They also provide insight on how people can plan ahead for gifting to loved ones which can help to minimize your estate tax bill.
Tony and Emily share more about:
What the difference is between an estate tax and an estate plan
Who needs to be concerned about estate taxes and why