Baby Boomers to Millennials: Working Across Generations to Help Them Achieve Financial Goals

Much of the discussion around financial advice tends to be around asset allocation, product selection, and fund structures. These are all worthy conversations and topics we’ve enjoyed discussing previously on this show. But one topic that feels underexplored: how do advisors deliver financial advice to clients across generations? A retired client in their 70s needs a much different advice offering than a 40-year-old client in their prime work years. In this episode, we are diving into the fascinating intergenerational dynamics of financial advice.

Anne Lester: You’re Bad at Savings and It’s Not Your Fault

Our guest on the podcast today is Anne Lester. She’s author of a new book called Your Best Financial Life: Save Smart Now for the Future You Want. Before writing the book, Anne spent 20 years as head of retirement solutions for J.P. Morgan. With AARP, she co-founded The Aspen Leadership Forum on Retirement Savings. In 2020, Anne was recognized for her extraordinary lifetime contributions to Americans’ economic security with the Ray Lillywhite Award. She earned a master’s in international economics and Japan studies from Johns Hopkins University and a B.A. from Princeton. She was also awarded a Fulbright Graduate Research Fellowship.BackgroundBioYour Best Financial Life: Save Smart Now for the Future You Want, by Anne LesterMillennials, Money, and Investing“Don’t Make These 6 Money Mistakes in Your 30s, Says Former JPMorgan Retirement Expert,” by Anne Lester, cnbc.com, Jan. 4, 2022.“Fake Rich? Affluent Millennials Are

Magnificent Seven Stocks: What’s Going on With Apple, Tesla, and Alphabet?

Sarah Hansen, Morningstar Inc markets reporter, explains why Apple and Tesla are diverging from the rest of the Magnificent Seven stocks. Also, details into a first ever dividend from Alphabet. Preston Caldwell, senior US economist for Morningstar Research Services, discusses why the Federal Reserve left higher interest rates in place and is changing its bond holdings.Alphabet’s First DividendBoeing’s Focused on Recovering from Past MistakesGeneral Motors Strong Start to 2024The Magnificent Seven Stock DivergenceApple’s Fallen from Last Year’s Rally  How Apple Could Reverse the SlideWhy Investors Are Changing Their Minds About TeslaMorningstar’s Outlook for TeslaHigher Interest Rates Stick Around Read about topics from this episode.  Alphabet Shares Surge on Strong Earnings, Dividend SurpriseBoeing Earnings: Paying for Mistakes Made Long Ago, Taking Back the Factory FloorGM Earnings: Strong Start to 2