Mark Berg: How to Help Kids Financially Without Ruining Them

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 19 November 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

A financial planner reflects on what parents should do--and avoid doing--to help their children find their financial footing in adulthood.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York.
0:23.3	Purchase New York.
0:26.6	Please stay tuned for important disclosure information at the conclusion of this episode.
0:33.1	Hi, and welcome to The Longview.
0:35.2	I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morningstar.
0:39.6	And I'm Amy Arnaut, portfolio strategist with Morning Star. Today on the podcast, we welcome back Mark Berg.
0:46.6	Mark is the founder of and lead advisor at Timothy Financial Council, which is an hourly financial planning firm that he started in 2000.
0:55.3	Prior to launching Timothy Financial, Mark served as a client manager at a fee-only financial
1:00.2	planning firm, and he's provided fee-only financial guidance since 1995.
1:05.8	He holds a bachelor's degree in economics from Wheaton College and is a certified financial
1:10.4	planner practitioner
1:11.5	and NAFA registered financial advisor. He served on the National Board of Directors for the National
1:17.6	Association of Personal Financial Advisors from 2008 through 2011. In the spirit of full disclosure,
1:24.6	Timothy Financial is the firm that my husband and I use for financial
1:27.7	planning. I have no financial relationship with the firm other than that we pay them for their
1:32.7	services. Mark, welcome back to the Longview. Thank you. I'm looking forward to it. Well, we're looking
1:39.5	forward to it as well. We want to talk to you today about how parents can help their kids financially
1:45.1	without ruining them, which you've indicated as something that comes up a lot in your work,
	...

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