3 Generations of Wealth: An Ask the Expert Podcast

The way you think about, manage, and utilize money changes during the course of your life; what is important at age 90 is not the same as what drove you at age 21. In this podcast, we get a rare glimpse into the financial lives of three different generations from the same family. Coldstream Chief Client Experience Officer Anne Marie Stonich, CFP^®, CPA, invites her 90-year-old father and 21-year-old daughter to join a discussion about their perspectives on saving, spending, and the value of money.

Betsy Stonich is a barista and student at the University of Washington; she is navigating early adulthood while working to launch a career in filmmaking. Bob Kessler is retired, enjoying the time and freedom to paddleboard on the lake and play pickleball with friends, but most importantly, to be working toward breaking the world record for oldest water skier. Anne Marie hosts this lively discussion, weaving her own experience amid questions for her dad and daughter, shining a spotlight on how things change financially over the course of 70 years. Bob and Betsy candidly share their thoughts on how they developed their attitudes toward money, what important lessons formed the foundation of their financial approaches, and what advice they would have for other generations. Their experiences offer a window into financial planning for different life stages, illustrating the importance of adapting your approach as your priorities change.

Watch or listen to the videocast below.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER® in the United States.

Guest disclosure: Bob Kessler and Betsy Stonich are current advisory clients of Coldstream and are, respectively, the father and daughter of host Anne Marie Stonich, Coldstream’s Chief Client Experience Officer. Neither received compensation of any kind for participating. Both receive discounted advisory fees as family members of a Coldstream employee. These relationships create a conflict of interest in that both guests have an incentive to describe Coldstream favorably. Their views reflect their own experiences, which may not be representative of other clients, and are not a guarantee of future results.

This podcast is for informational purposes only and does not constitute investment advice. References to third-party sources and firms are based on self-reported information and are not verified by Coldstream. None of the information provided constitutes an opinion or a recommendation or a solicitation of an offer to buy or sell any particular security. Coldstream analyses are not intended to provide, and should not be construed to constitute, complete accounting, insurance, investment, legal, or tax advice. The investment strategies and securities shown may not be suitable to you. Past performance is no guarantee of future results.

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