Thomas J. Guidi, CFA, Investment Manager, Co-Chief Investment Officer and Shareholder at Foster & Motley, Inc., explains the misunderstood role of cash in financial planning. He outlines how to approach liquidity needs, make the most of different cash vehicles and avoid common pitfalls when managing excess cash. Thomas also explores how advisors can help individuals match their cash strategy with both immediate and future needs, ensuring that every dollar has a purpose.

Key Takeaways:

(01:31) Maintaining a buffer for expected and unexpected expenses is important.

(03:22) Excess cash holdings may limit potential long-term growth.

(04:37) Understanding liquidity needs helps determine appropriate financial tools.

(06:26) Some cash vehicles may offer higher returns than others.

(06:55) Matching the timing of future expenses with investment maturity can be beneficial.

(07:41) Risk levels and protections vary across different cash management options.

(08:48) Financial professionals can provide guidance in choosing between available options.

Resources Mentioned:

Foster & Motley, Inc.| Website

https://www.fosterandmotley.com/

Connect with Thomas Guidi:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley, Inc.

LinkedIn: Thomas J. Guidi, CFA

https://www.linkedin.com/in/thomas-guidi-cfa-21830952/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

In this episode, we’re joined by Rachel Rasmussen, MBA, CFA, CDFA®, Investment Manager and Shareholder, and Joe Patterson, CFP®, Financial Planner and Shareholder, both at Foster & Motley, Inc. Together, they navigate the financial and emotional complexities that follow the death of a spouse, offering a compassionate and pragmatic look at planning for one of life’s most difficult transitions.

Rachel and Joe outline the importance of preparing in advance. They walk through the steps survivors must take in the immediate aftermath of a loss. From accessing cash and organizing documents to managing ongoing bills and updating estate plans, they explain how thoughtful planning and the right support system can make a significant difference during a deeply emotional time.

Key Takeaways:

(01:08) Take time before making major financial decisions.

(02:37) Rely on a support network of professionals and loved ones.

(05:35) Prepare necessary documents to facilitate transitions.

(08:28) Ensure continuity of income through proper coordination.

(11:54) Keep an organized overview of financial assets.

(15:06) Set up account access in advance to avoid complications.

(19:49) Safeguard and share digital access information appropriately.

(20:54) Communicate the location of key legal documents.

(26:48) Reevaluate financial plans and goals as circumstances change.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Joe Patterson and Rachel Rasmussen:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley

https://www.fosterandmotley.com/

LinkedIn: Joe Patterson

https://www.linkedin.com/in/josephapatterson/

LinkedIn: Rachel Rasmussen

https://www.linkedin.com/in/rachel-rasmussen-cfa-cdfa/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

In this episode, we hear from Foster & Motley, Inc.’s Luke Hail, MBA, CFP®, Financial Planner and Shareholder, and Zach Horn, MBA, CFP®, CMFC®, Managing Partner, Investment Manager and Shareholder. They discuss how money mindsets, shaped by upbringing, experience, and environment, affect financial decisions. Drawing on years of advising high-net-worth clients, they highlight how understanding these mindsets can help individuals and couples make aligned choices, avoid unnecessary friction, and gain peace of mind through thoughtful planning.

Key Takeaways:

(01:16) A money mindset forms early and drives financial behavior.

(04:34) Differing mindsets can create tension in relationships.

(09:07) Emotions can impact financial decisions.

(10:47) Advisors help clients navigate financial pressure.

(13:30) Clear planning builds confidence to spend or give.

(16:58) Giving during life can be more meaningful than waiting.

(21:01) Diversification supports long-term stability.

(22:42) Reducing stress improves financial resilience.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Luke Hail and Zach Horn:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley

LinkedIn: Luke Hail

https://www.linkedin.com/in/luke-hail-cfp%C2%AE-b606679/

LinkedIn: Zach Horn

https://www.linkedin.com/in/zachhorn/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

In this episode, we’re joined by David Nienaber, MBA, CPA, CFP® and Joe Patterson, CFP®, both Financial Planners and Shareholders at Foster & Motley, Inc.. Together, they discuss the importance of estate planning, especially when helping aging parents navigate their financial affairs.

They share their experiences working with clients and families and shed light on the generational challenges and misinformation that can create unnecessary stress during already difficult times. David and Joe outline practical steps to simplify financial matters, foster open communication, and avoid costly mistakes during estate settlement.

Key Takeaways:

(02:20) Creating a clear picture of assets is essential.

(03:42) Proper documentation helps reduce stress for loved ones.

(06:04) Misinformation often delays important financial conversations.

(07:04) Legal and financial rules vary significantly by location.

(10:17) Many people are unaware of their roles in estate plans.

(13:50) Generational experiences shape views on money and planning.

(17:24) Maintenance tasks are vital after setting up an estate plan.

(21:00) Having open discussions can help prevent future confusion.

(25:59) Easy access to digital and financial information is crucial.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Foster & Motley Family Letter Template

https://www.fosterandmotley.com/insights/2019/10/25/a-practical-addition-to-your-estate-plan

Connect with Joe Patterson and David Nienaber:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley

https://www.fosterandmotley.com/

LinkedIn: Joe Patterson

https://www.linkedin.com/in/josephapatterson/

LinkedIn: David Nienaber

https://www.linkedin.com/in/dnienaber/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

Rachel Rasmussen, MBA, CFA, CDFA®, Investment Manager and Shareholder, and Zach Binzer, CFP®, Financial Planner and Shareholder, both of Foster & Motley, Inc., discuss the importance of evaluating financial advice. They explore how to differentiate between well-intended recommendations and misleading information, the role of emotions in investing and the importance of staying disciplined with financial decisions.

Key Takeaways:

(00:52) People share wins, not losses.

(01:58) Always question the intent behind advice.

(03:52) FOMO can lead to bad investments.

(04:25) Expertise in one field doesn’t mean expertise in investing.

(06:29) Trends don’t always fit your situation.

(07:35) Ask for details before acting.

(09:32) A financial advisor gives perspective.

(11:32) Discipline beats emotional decisions.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Rachel Rasmussen and Zach Binzer:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley

https://www.fosterandmotley.com/

LinkedIn: Rachel Rasmussen

https://www.linkedin.com/in/rachel-rasmussen-cfa-cdfa/

LinkedIn: Zach Binzer

https://www.linkedin.com/in/zach-t-binzer-cfp/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

Choosing where to live in retirement is about more than just finances — it’s about creating a home that aligns with evolving needs, goals and lifestyles.

In this episode, Joe Patterson, CFP®, and David J. Nienaber, MBA, CPA, CFP®, both Financial Planners and Shareholders at Foster & Motley, Inc., discuss the financial and emotional considerations of downsizing, upsizing and rightsizing in retirement. They explore how housing decisions impact long-term financial security and lifestyle, highlighting real client experiences and key factors to consider when planning for the future.

Key Takeaways:

(00:52) Downsizing isn’t always the answer.

(02:23) Social norms push downsizing, but it’s not for everyone.

(06:56) Retirement communities offer long-term security.

(08:28) Continuous care communities provide peace of mind.

(11:05) Renting first helps retirees find the right fit.

(13:15) Downsizing often costs more than expected.

(16:09) Insurability is a growing issue in high-risk areas.

(19:07) Family talks are crucial for vacation home plans.

(21:31) Emotional ties make relocation tough.

(25:02) Tracking routines before moving prevents surprises.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Joe Patterson and David Nienaber:

info@fosterandmotley.com

+1 513-561-6640

LinkedIn: Joe Patterson

https://www.linkedin.com/in/josephapatterson/

LinkedIn: David Nienaber

https://www.linkedin.com/in/dnienaber/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

Ryan English, MBA, CFA, CPA, CFP®, Investment Manager and Shareholder at Foster & Motley, Inc., shares insights on real estate investing beyond the traditional do-it-yourself house flipping seen on TV. He explains different investment options, including publicly traded real estate investment trusts (REITs) and private real estate, and how they fit into a diversified portfolio.

Key Takeaways:

(00:56) Real estate boosts returns and diversification.

(02:01) House flipping isn’t Foster & Motley’s focus.

(02:18) Real estate’s role depends on risk tolerance and assets.

(02:56)  REITs offer liquidity and easy market access.

(04:49) Private real estate delivers higher returns for less liquidity.

(05:17) Investments range from low-risk properties to high-risk developments.

(07:26) Real estate hedges against inflation.

(09:42) Local market knowledge is key.

(10:19) Risk tolerance varies by investment type.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Ryan English:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley

https://www.fosterandmotley.com/

LinkedIn: Ryan English

https://www.linkedin.com/in/j-ryan-english-mba-cfa-cpa-cfp/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

Nicholas Roth, CFP®, Financial Planner at Foster & Motley, Inc., joins us to discuss the recent changes to Social Security, specifically the removal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which could significantly boost retirement income for millions of public sector workers.

Key Takeaways:

(01:04) The Social Security Fairness Act removes WEP and GPO provisions.

(02:39) Public sector workers were penalized by these offsets.

(03:01) Spousal benefits were cut for spouses of public pension recipients.

(05:37) The law is retroactive, requiring the SSA to correct past benefits.

(06:03) Affected individuals get adjusted benefits and a lump sum.

(07:21) Those over 70 should apply to avoid losing retroactive payments.

(08:58) Benefits do not increase after age 70.

(10:29) The SSA provides regular updates on its website.

Resources Mentioned:

Nicholas Roth, CFP®

https://www.fosterandmotley.com/our-team/bios/nicholas-e-roth

Foster & Motley, Inc.

https://www.fosterandmotley.com/

Social Security Administration (SSA)

https://www.ssa.gov/

Connect with Nicholas Roth:

info@fosterandmotley.com

+1 513-561-6640

LinkedIn: Nicholas Roth

https://www.linkedin.com/in/nickroth14/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast