Children’s Financial Future: Closing the Wealth Gap
Brett Foster the CEO & Co-founder of NESTEGG an app that eliminates the red tape of banking, the steep legal fees of traditional investing making it possible for any family to save for a better future for their child joins Enterprise Radio.
Listen to host Eric Dye & guest Brett Foster discuss the following:
- It seems millennial parents are much more worried about their children’s financial future than previous generations. Why is that?
- One statistic points to the wealthiest 1% now own more income than the other 90%. What does this say about US family’s financial future?
- The 529 college plan is a tool to help parents plan for their children’s future education needs. What is the 529 and is it a viable solution?
- Are there other approaches parents should be considering if they want to build a financial foundation for their children?
- In the same vein, there are a number of financial “savings” type apps in the marketplace; what should consumers think about before they commit funds to such a tool?
NestEgg was founded in 2019 by Brett Foster, 29, an entrepreneur, veteran, and an uncle to two kids (with another on the way) from Salem, Oregon. When trying to open a savings account for his niece for Christmas, he realized that the red tape of the banking industry made it impossible for him to give her this important financial gift. It was with this experience in mind that Brett formed the idea for NestEgg while he was taking a break from the business world to raise cows on a dairy farm.
The NestEgg app eliminates the red tape of banking, the steep legal fees of traditional investing and trust funds, and the limitations of the 529 plan, making it possible for any family to save for a better future for their child.
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