Purposeful Planning with Aspen Wealth Management

Alternative Investing: More Than Stocks and Bonds

Wed, 11 Mar 2026 15:00:00 GMT

When most people think about building wealth, they picture stocks, bonds, and maybe a savings account. But there's a whole world of alternative investments, from real estate and private equity to collectibles and digital assets, that could play a role in a well-rounded portfolio. In today's episode of Purposeful Planning, we're breaking down what alternative investments are, why they might be worth considering, and what you need to think through before diving in.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings.

Hosted on Acast. See acast.com/privacy for more information.

Premium Tax Credit: What It Is and Who Qualifies

Wed, 04 Mar 2026 14:53:52 GMT

Health insurance costs are rising for many Americans following the expiration of enhanced ACA subsidies at the end of 2025. In this episode of Purposeful Planning, we explore how the Premium Tax Credit works, who qualifies, and the options available to those who no longer receive enhanced subsidies. Whether you're self-employed, in early retirement, or simply looking for affordable coverage, understanding these changes is crucial for managing your healthcare costs in 2026.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Donor Advised Funds: Maximize Your Charitable Impact

Fri, 06 Feb 2026 15:00:00 GMT

Tax law changes have made it harder for many people to benefit from charitable deductions, but that hasn't stopped Americans from supporting the causes they care about. In this episode of Purposeful Planning, we explore how donor-advised funds offer a flexible, tax-efficient way to maximize your philanthropic impact. From batching contributions to understanding the new restrictions under OBBBA, discover strategies that help you give more effectively while potentially reducing your tax bill.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Early Retirement and Tax-Smart Roth Conversions

Fri, 02 Jan 2026 15:00:00 GMT

Early retirement is a dream for many Americans, but making it work requires more than just saving enough money; it requires smart tax strategies. In this episode of Purposeful Planning, we explore how Roth conversions can help early retirees reduce their lifetime tax burden and create more tax-free income in retirement. From understanding the five-year rule to timing your conversions strategically, discover whether this approach makes sense for your situation.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Helping Your Kids Without Hurting Your Retirement

Mon, 15 Dec 2025 15:00:00 GMT

Most parents would do anything to help their children succeed, but providing financial support shouldn't come at the expense of your own retirement security. In this episode of Purposeful Planning, we explore smart gifting strategies that allow you to support the next generation while protecting your financial future. From strategic giving approaches to understanding gift tax implications, discover how to help your kids build better lives without compromising your own.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Alternative Investing: Beyond Stocks and Bonds

Tue, 09 Dec 2025 15:00:00 GMT

When most people think about investing, stocks and bonds come to mind. But what about that vintage car collection, your rare coins, or even that comic book from the 1960s? In today's episode of Purposeful Planning, we're exploring the world of alternative investments, from collectibles to real estate to digital assets. We'll discuss what makes these investments unique, the opportunities they present, and how they might fit into your overall financial picture. Whether you're a passionate collector or simply curious about diversifying beyond traditional markets, this conversation is for you.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

"One Big Beautiful Bill" at Year-End: Tax Considerations

Mon, 24 Nov 2025 15:00:00 GMT

With the passage of the One Big Beautiful Bill Act earlier this year, the tax landscape has shifted significantly for 2025 and beyond. In this episode of Purposeful Planning, we explore the expiring tax credits you need to act on before year-end, the new opportunities for tax savings, and changes that could affect everyone from retirees to small business owners. Whether you're planning for estate transfers or maximizing deductions, understanding these changes is crucial for effective year-end tax planning.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice. Aspen Wealth Management is a registered investment advisor with the SEC. This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings.

Hosted on Acast. See acast.com/privacy for more information.

Early Retirement: Bridging Your Healthcare Gap

Thu, 06 Nov 2025 15:00:00 GMT

Dreaming of early retirement? There's a critical detail many people overlook: health insurance coverage in the years before Medicare kicks in at 65. In this episode of Purposeful Planning, we explore the healthcare gap that early retirees face and walk through your options, from the Health Insurance Marketplace to COBRA and Health Savings Accounts. Whether you're planning to retire in your fifties or helping someone navigate this transition, understanding these options is essential for making early retirement work.

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The Biggest Mistakes to Avoid When Estate Planning

Fri, 24 Oct 2025 15:00:00 GMT

Remember those old Crock-Pots where you could set it and forget it? Estate planning doesn't work that way. In this episode of Purposeful Planning, we examine why the "set-it-and-forget-it" approach to estate planning can lead to costly mistakes, particularly with $80-125 trillion expected to be transferred between generations over the next two decades. From outdated beneficiary designations to changes in tax law, discover why regular reviews are essential and what mistakes to avoid.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Social Security: Essential Facts for Your Retirement

Thu, 16 Oct 2025 08:41:09 GMT

Social Security provides retirement income for millions of Americans, yet many people can't answer basic questions about how it works. In this episode of Purposeful Planning, we explore everything from setting up your online account to deciding when to claim benefits. Whether you're helping aging parents navigate their options or planning your own retirement strategy, understanding Social Security is crucial for making informed decisions that could impact your financial security for decades.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Financial Foundations for Young Professionals

Tue, 07 Oct 2025 08:08:34 GMT

When you're starting your career, financial planning can feel like a luxury you can't afford. In this episode of Purposeful Planning, we explore why establishing good financial habits early is one of the most powerful moves young professionals can make. From the magic of compound growth to practical strategies for saving and investing, discover how small steps today can lead to significant financial security tomorrow.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Smart Withdrawal Strategies for Retirement

Thu, 04 Sep 2025 15:00:00 GMT

After decades of saving for retirement, many people focus entirely on accumulation without considering how they'll actually withdraw those funds. In this episode of Purposeful Planning, we explore retirement withdrawal strategies that can help you pay less in taxes, protect your Social Security benefits, and potentially make your money last longer. From the conventional wisdom of spending taxable accounts first to alternative approaches that might work better for your situation, discover how to turn your nest egg into sustainable retirement income.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Back-to-School Strategies for College Kids & Their Families

Fri, 29 Aug 2025 07:28:24 GMT

As summer winds down and college preparations begin, families face important decisions about education funding, school selection, and financial aid. In this episode of Purposeful Planning, we explore strategies for making college more affordable and manageable—from the power of starting early with 529 plans to navigating the updated FAFSA process. Whether you're sending your first child to college or your last, these insights can help you make informed decisions about higher education investments.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Medicare Made Easy: Planning Healthcare Costs in Retirement

Tue, 19 Aug 2025 13:00:00 GMT

Medicare decisions can feel overwhelming, but they're among the most essential choices you'll make in retirement. In this episode of Purposeful Planning, we break down the four parts of Medicare, explain the difference between Medicare Advantage and Medigap coverage, and share crucial timing information about enrollment periods. Whether you're approaching 65 or helping a parent navigate these decisions, understanding Medicare basics can provide peace of mind about healthcare costs in retirement.

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RSU Strategy: When and How to Sell Your Stock

Tue, 29 Jul 2025 15:45:12 GMT

Restricted Stock Units can be a powerful wealth-building tool for corporate executives, but they come with important decisions about timing, taxes, and portfolio diversification. In this episode of Purposeful Planning, we break down the key factors executives should consider when managing RSUs—from understanding vesting schedules to avoiding over-concentration in company stock. Learn how to make strategic decisions that align with your overall financial goals.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Planning Perfect Vacations with Your Grandkids

Tue, 29 Jul 2025 15:00:00 GMT

Planning a vacation with your grandchildren can create priceless memories while giving parents some well-deserved time off. In this episode of Purposeful Planning, we explore how to plan multi-generational trips that work for everyone—from selecting destinations that appeal to different age groups to handling the practical details, such as travel documents and permissions. Whether you're considering a national park adventure or an international getaway, learn how to make your grandparent vacation dreams a reality.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Why Summer Jobs Matter for All Teens

Thu, 26 Jun 2025 14:12:16 GMT

When money isn't an issue, should your teenager still work a summer job? In this episode of Purposeful Planning, we explore why summer employment remains valuable for teens from wealthy families. From building work ethic and financial literacy to funding retirement accounts early, discover how summer jobs provide benefits that money can't buy—even when you have plenty of it.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

Hosted on Acast. See acast.com/privacy for more information.

Preparing the Next Generation for Financial Leadership

Fri, 06 Jun 2025 17:38:56 GMT

The difference between the Vanderbilt and Rockefeller legacies isn't just about money—it's about preparation. In this episode of Purposeful Planning, we explore how wealthy families can prepare the next generation to become responsible stewards of financial and philanthropic legacies. With $124 trillion expected to transfer between generations in the coming decades, the importance of communication, education, and values-based planning has never been greater.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

Do You Have a Digital Estate? (Spoiler Alert: Yes, You Do)

Wed, 21 May 2025 13:47:58 GMT

Our online presence extends far beyond social media in today's digital world. From email accounts and banking apps to photos, music, and even cryptocurrency, we all leave behind a digital footprint. This episode of Purposeful Planning explores the importance of including digital assets in your estate plan, the laws governing digital inheritance, and practical steps to help maintain your online legacy is properly managed according to your wishes.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

"What's a CRAT?": Estate Planning Is More than Alphabet Soup

Tue, 20 May 2025 15:00:00 GMT

Everyone has an estate plan—whether they've created one or the state has one for them by default. In this episode of Purposeful Planning, we demystify some of the more advanced estate planning tools that go beyond basic wills. From charitable remainder trusts to grantor-retained arrangements, learn how these specialized instruments can help preserve your assets, support your favorite causes, and ensure your wishes are carried out efficiently.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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What Crisis? Making Midlife a Time of Anticipation

Wed, 09 Apr 2025 19:36:40 GMT

Is midlife destined to be a crisis, or can it be a time of positive reflection and renewal? In this episode of Purposeful Planning, we explore how to transform the traditional "midlife crisis" into an opportunity for meaningful growth. Learn how to assess your accomplishments, realign your priorities, and develop a financial roadmap for your "next act"—whether that's a traditional retirement, a hybrid approach, or something entirely different.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

Building Good Financial Habits for Young Couples

Fri, 04 Apr 2025 16:05:08 GMT

Life's big moments, like marriage and having children, are exciting milestones. These milestones do require thoughtful financial planning. In this episode of Purposeful Planning, we explore essential financial moves for newly married couples and first-time parents. From budgeting and emergency funds to insurance and estate planning, discover how establishing good habits now can create security for decades to come.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

Compounding: It’s Not Just for Finances

Wed, 19 Mar 2025 14:42:26 GMT

We all know compounding can grow our wealth over time, but what about applying this powerful principle to other areas of our lives? In this episode of Purposeful Planning, we explore how the concept of compounding can enhance your knowledge, daily routines, reading habits, physical health, and even your emotional well-being. Discover how small, consistent actions in these areas can lead to remarkable results over time—just like compound interest works with your investments.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

Love and Money: Financial Communication for Couples

Mon, 03 Mar 2025 20:58:02 GMT

Money talks can make or break relationships, but many couples struggle to find the right balance. In this episode of Purposeful Planning, we explore how couples can build stronger financial communication, understand different money personalities, and create strategies for discussing shared and separate assets. Whether you're newly married or celebrating decades together, these tips can help strengthen both your financial and emotional bonds.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

Smart Tax Strategies for Your Investment Profits

Mon, 03 Mar 2025 20:33:20 GMT

Is tax efficiency driving your investment decisions? In this episode of Purposeful Planning, we explore how to balance tax minimization with wealth building. From retirement accounts to tax-loss harvesting, discover strategies that can help you maximize after-tax wealth without sacrificing long-term investment growth. Whether you're a seasoned investor or just starting out, these insights will help you make smarter decisions about taxes and your portfolio.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

What to Do with an Overfunded 529 Account

Mon, 03 Feb 2025 15:00:00 GMT

When you’ve been diligently saving for your child’s or grandchild’s education, having extra money left in a 529 plan might seem like a good problem to have—but it’s still a problem that needs solving. In this episode, we’re breaking down your options for unused 529 funds, from Roth rollovers to saving for future generations. Tune in to learn how to maximize those savings without taking a tax hit!

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Your Year-End Financial Checklist for 2024

Fri, 27 Dec 2024 15:00:12 GMT

As the year wraps up, it’s time to check more than just your holiday gift list. In today’s episode of Purposeful Planning, we’re diving into essential year-end financial tasks to keep your financial journey on track. From revisiting your budget to maximizing retirement contributions and charitable giving, these tips will help you make the most of the remaining days of 2024 and set yourself up for a prosperous new year.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Gratitude: How Being Thankful Can Improve Your Retirement

Wed, 18 Dec 2024 15:00:48 GMT

What if being thankful could make your retirement happier, healthier, and even wealthier? In today’s episode of Purposeful Planning, we’re diving into the power of gratitude and how practicing thankfulness can improve your well-being, enhance your financial decisions, and give your retirement a meaningful boost. If you’ve ever wondered how to create a truly fulfilling second act, this conversation is for you.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Want to Help the Grandkids, but Not Sure How? Keep Listening.

Thu, 05 Dec 2024 15:00:08 GMT

Thinking about ways to set your grandkids up for a brighter future? In this episode of Purposeful Planning, we dive into options for grandparents who want to provide financial support, whether it’s for college, a first home, or even a head start on retirement savings. We’ll explore everything from 529 education plans to custodial Roth IRAs, each with its own benefits and tax advantages. Stay tuned if you’re looking for the best way to leave a financial legacy.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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“Please Stay in Your Seats”: Market Volatility & Your Long-Term Success

Tue, 05 Nov 2024 15:00:50 GMT

In this episode of Purposeful Planning, we’re diving into a topic that may make investors feel like they’re on a rollercoaster: market volatility. When the market takes unexpected dips and rises, it can feel unsettling, but just like turbulence on a plane, the best approach is often to stay seated and ride it out. We’ll explore why long-term investment strategies typically outperform attempts at timing the market, and we’ll look at data showing just how costly it can be to miss the market’s best days. Buckle up, and let’s navigate this ride together.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Staying Safe Online, 2.0

Wed, 30 Oct 2024 15:00:28 GMT

With online scams becoming more sophisticated—thanks in part to advances in AI—staying safe online has never been more critical. In this episode of Purposeful Planning, we dive into updated tips and strategies to protect your personal and financial information. We’ll cover crucial topics from traditional phishing scams to newer AI-driven schemes and share practical advice to keep you secure in an increasingly connected world. Tune in and learn how you can stay one step ahead of online threats.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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The Presidential Election and the Markets

Tue, 08 Oct 2024 14:14:58 GMT

In this episode of Purposeful Planning, we explore the relationship between the financial markets and presidential elections. Many investors wonder how election outcomes affect their portfolios, but the truth may surprise you. From historical trends to the importance of diversification, we’ll break down what really matters when it comes to making intelligent investment decisions during election years. Tune in to discover why focusing on what you can control is critical to long-term success—no matter who’s in the White House.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Making Smart Decisions About Your Inheritance

Thu, 26 Sep 2024 15:00:32 GMT

In this episode of "Purposeful Planning," we seek to guide soon-to-be graduates through the essential financial steps to take as they transition from academia to the workforce. Discover practical advice on budgeting, saving, and debt management, and learn why starting with the right financial habits now can lead to a prosperous future.

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Financial “Pro Tips” for Those Graduating Soon

Mon, 09 Sep 2024 15:00:11 GMT

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Grandparents, Gifting, & Education: Smart Tips for 529 Plans

Wed, 04 Sep 2024 15:00:57 GMT

Join us on "Purposeful Planning" as we explore the robust benefits of 529 plans for education funding. Whether you're a parent or grandparent, discover how these tax-advantaged accounts can support your student's educational journey from K-12 to college and beyond while offering you significant estate and tax planning advantages.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Where to Focus during Stages of Your Financial Journey

Wed, 07 Aug 2024 15:00:35 GMT

In this episode of "Purposeful Planning," we explore the financial journey through different life stages, from starting a career to planning for retirement and beyond. Join us as we share valuable insights and tips on focusing your financial strategies at each stage to help you maximize your resources and set a solid foundation for future generations.

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Tips for Students & Their Parents: FASFA Changes for 2024-25

Wed, 31 Jul 2024 15:00:19 GMT

This episode of "Purposeful Planning" examines the essential changes to the FAFSA for the 2024-25 academic year. Whether you're a parent preparing to send your child to college or a student stepping into higher education, understanding these updates is crucial. We'll explore how the FAFSA has been simplified, the new terminology and guidelines, and strategic tips for utilizing 529 plans effectively without impacting financial aid.

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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No Kids = No Need for Estate Planning? Not Really

Wed, 24 Jul 2024 15:00:35 GMT

This episode of "Purposeful Planning" challenges the common misconception that estate planning is only necessary for those with children. Whether you're single, childless, or just curious about the importance of a solid estate plan, join us as we explore why and how everyone should manage their legacy. We'll cover essential elements of estate planning, from wills to advance medical directives, and discuss the implications of not having a plan in place.

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Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting , the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings.

Hosted on Acast. See acast.com/privacy for more information.

On the Road: Are You Cut Out for the RV Lifestyle?

Thu, 27 Jun 2024 19:00:00 GMT

Dreaming of retiring on the open road? This episode of "Purposeful Planning" is for those envisioning retirement as a journey across the country in an RV. Join us as we delve into the nuances of the RV lifestyle, exploring the joys, costs, and practicalities of life on wheels. Whether you're considering a Class A, B, or C RV or even a tow-behind trailer, we cover what you need to know to make an informed decision and enjoy a secure and satisfying retirement.

Get this briefing hands-free: Subscribe free to this show as a daily Alexa Flash Briefing! Enable the skill here then say, "Alexa, news."

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

My Ship Came In—What Do I Do Now?

Mon, 17 Jun 2024 15:00:45 GMT

Join us on "Purposeful Planning" as we dissect the timely topic of managing a sudden financial windfall. Whether it's an inheritance, a lottery win, or another form of newfound wealth, it's tough to know where to start. This episode offers a strategic approach for planning your sudden wealth and helping it become a lasting benefit, covering everything from the initial steps after receiving a windfall to long-term wealth management and planning.

Get this briefing hands-free: Subscribe free to this show as a daily Alexa Flash Briefing! Enable the skill here then say, "Alexa, news."

Sources:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Hosted on Acast. See acast.com/privacy for more information.

Will I Have Enough Income? Your Answer Is in the Budget

Sun, 02 Jun 2024 16:00:04 GMT

On this episode of "Purposeful Planning," we tackle one of the biggest concerns for those approaching retirement: income. Leaving behind the comfort of a paycheck can be intimidating, but with a well-structured budget, you can ensure a stress-free and financially secure retirement. Join us as we discuss practical steps for crafting a retirement budget that aligns with your lifestyle goals, explore budgeting frameworks like the 50/30/20 rule, and provide insights on managing your cash flow effectively.

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The Fiduciary Standard and Your Financial Advisor: Why It Matters

Tue, 21 May 2024 19:38:44 GMT

In this episode, we explore the critical role of the fiduciary standard in the relationship between financial advisors and their clients, mirroring the trust you place in your doctor or mechanic. Understanding what it means for an advisor to act as a fiduciary can significantly impact your investment strategy and overall financial well-being. Listen as we explain the fiduciary standard and why ensuring your advisor's interests align ideally with your own is essential.

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Equity Compensation and Your Financial Plan

Mon, 25 Mar 2024 15:00:56 GMT

"Equity Compensation and Your Financial Plan" dives into the complex world of stock options and stock units within the landscape of equity compensation. This episode of "Purposeful Planning" guides listeners through the stages of a professional career, from the early years of accumulation to the considerations for retirement, addressing the critical aspects of taxation and diversification. Join us as we navigate the nuances of making equity compensation work for you, ensuring it aligns seamlessly with your broader financial objectives.

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Talking about My (and Your) Generation: Values, Finances, and Investing

Mon, 11 Mar 2024 15:00:16 GMT

Join us on "Purposeful Planning" as we embark on a generational journey through the values, financial behaviors, and investment strategies that define Baby Boomers, Gen X, Millennials, and Gen Z. This episode delves into how each generation's unique experiences shape their approach to saving, investing, and planning for the future. With insights tailored to every listener, regardless of generational identity, we uncover strategies for navigating the financial landscape of today and tomorrow.

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Retirement Lifestyle: Downsize, Relocate, or Stay Put?

Mon, 26 Feb 2024 15:00:14 GMT

Deciding on your home in retirement is challenging. Do I relocate, downsize, or stay put? In our latest episode of "Purposeful Planning," we outline some of the pros and cons for each consideration.

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Healthcare Costs and Retirement: What You Can Do about Them

Mon, 19 Feb 2024 15:00:04 GMT

In this episode, we delve into a concern that looms large for those in or approaching retirement: healthcare costs. It's more important than ever to comprehend and prepare for these costs, as many Americans are concerned about how they will be paid. We'll look at doable solutions, such as clever savings plans and maximizing employer benefits, for reducing healthcare expenses in retirement. Listen as we look at the intricacies of Medicare, HSAs, and more, providing you with the knowledge to secure a healthier, financially stable retirement.

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Staying Cyber-Safe: Protecting Your Financial Info Online

Mon, 12 Feb 2024 16:00:38 GMT

Dive into the digital realm of cybersecurity with us as we unpack essential tips to protect your financial information online. In a world where cyber threats lurk around every corner, equip yourself with knowledge and best practices to defend against potential cyberattacks. Learn how Aspen Wealth Management is committed to ensuring your financial well-being in this tech-savvy era. Stay informed and stay secure!

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Understanding Your Options: RSUs, ISOs & Financial Strategy

Mon, 29 Jan 2024 19:16:14 GMT

Join us in this informative episode, where we explore the intricacies of Restricted Stock Units (RSUs) and Incentive Stock Options (ISOs). Understanding these forms of equity compensation is vital for many in today's workforce. We discuss strategically incorporating these options into your financial planning and managing the associated risks. Join the Aspen Wealth Management team and learn how to maximize the benefits of your stock options while maintaining a balanced financial portfolio.

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Leveraging Your Small Business to Secure a Financial Future

Mon, 22 Jan 2024 18:54:15 GMT

This episode of our podcast focuses on the financial strategies crucial for small business owners. From diversifying income streams to succession planning, we cover essential tactics to help entrepreneurs translate their business success into personal financial stability. Join us as we explore how small business owners can effectively manage their wealth, reduce risk, and plan for a prosperous future for their businesses and themselves.

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Financial Literacy: A Grandparent’s Gift

Thu, 07 Dec 2023 21:51:48 GMT

Explore the transformative power of financial gifts from grandparents in this episode. We discuss how these gifts can extend beyond monetary value to impart vital financial lessons to grandchildren. From discussing investment growth in a 529 plan to setting up trusts and engaging with investment apps, we cover various ways grandparents can influence their grandchildren's financial future. Join us for an inspiring legacy and financial literacy conversation with Aspen Wealth Management.

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Tax Tips for Year-End, 2023

Mon, 20 Nov 2023 21:57:30 GMT

In this episode, we explore critical year-end tax strategies to optimize your finances before 2023 ends. From deferring income to maximizing retirement contributions, we cover essential moves that can significantly affect your tax bill. Tune in for expert insights and make the most of the remaining days of the year with Aspen Wealth Management's actionable advice.

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October Is Medicare Open Enrollment Month: Are You Ready?

Mon, 23 Oct 2023 16:00:11 GMT

Unlocking Medicare Open Enrollment: In this episode, we help you navigate the confusing Medicare enrollment process with ease. From essential resources and enrollment timelines to understanding various Medicare plans, we clarify this crucial aspect of retirement. Whether you're enrolling for the first time or adjusting your plan, arm yourself with insights and tools to make the most of your healthcare benefits. Plus, listen to how Aspen Wealth Management can guide your retirement journey. Tune in and make informed choices for a secure future!

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Retiring Early: Is the Dream within Reach?

Mon, 16 Oct 2023 18:44:19 GMT

Is early retirement a realistic dream or a fleeting fantasy? In this "Purposeful Planning" episode, we dissect the complexities of stepping away from the 9-5 earlier than expected. From managing debts and securing healthcare to ensuring you're financially and mentally prepared for life post-work, get insights that could pave your way to a fulfilling early retirement—presented by Aspen Wealth Management

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Caring for Aging Parents? Don't Forget These Tax Breaks

Mon, 18 Sep 2023 15:00:15 GMT

In this edition of "Purposeful Planning," we explore the intricate balance of the "sandwich generation" - individuals caught between supporting both their children and aging parents. Delve into key tax provisions that can offer relief amidst the rising costs of dependent care. Whether you're a mid- to later-career professional or simply want to be prepared for the future, this episode offers vital insights. Join us to unravel the financial strategies that can make a difference. Presented by Aspen Wealth Management.

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Your 529 Plan and SECURE 2.0

Thu, 14 Sep 2023 15:00:26 GMT

Unveiling the landmark changes of SECURE 2.0 from December 2022, we delve into its impact on retirement plans and tax-favored savings, spotlighting the 529 education plan.

Tune in to explore how SECURE 2.0 has crafted fresh opportunities for college graduates transitioning to the workforce through the revamped 529 plans. Secure your knowledge for a brighter financial future!

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Buying a Vacation Home: A Dream or a Nightmare?

Wed, 13 Sep 2023 19:00:06 GMT

In this episode of Purposeful Planning, we explore the financial pros and cons of owning a vacation home. Real estate offers diversification and potential for rental income, but market risk and carrying costs should be carefully considered. Have a listen to some of the important pros and cons.

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Do You Need Insurance in Retirement? It Depends

Tue, 12 Sep 2023 22:45:30 GMT

In this episode, we delve into the crucial topic of transitioning into retirement and how it affects your insurance needs, with a focus on life and health coverage. Join us as we explore essential facts to help you navigate through the complexities and make informed decisions. Remember, knowledge is key, and by staying informed, you can confidently approach your insurance needs in this new chapter of your life. Don't miss out on this valuable episode of Purposeful Planning!

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“I Do” Take Two: Special Financial Considerations for Blended Families

Wed, 26 Jul 2023 22:42:54 GMT

In this episode, in our latest episode of Purposeful Planning, we discuss some special financial considerations for those who are considering or already involved in creating a new blended family.

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Family Philanthropy: Building a Solid Foundation

Thu, 20 Jul 2023 18:23:33 GMT

Many philanthropically-minded families are uncertain about how to get started. We outline some initial steps you can take to get a philanthropic organization started on the right foot.

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Investment Perspective and the Art of Saving, Part 2

Mon, 05 Jun 2023 05:00:01 GMT

Explore the value of overcoming recency bias and concentrating on the time-tested investment principle of saving before investing in this audio series.

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Sources:

1. https://buckinghamstrategicwealth.com/resources/investing/buckingham-weekly-perspectives-august-24-2022

2. https://www.wsj.com/articles/bank-collapse-crisis-timeline-724f6458

3. https://www.thebalance.com/what-is-the-greece-debt-crisis-3305525

4. https://www.biography.com/crime-figure/bernard-madoff

5. https://www.thebalance.com/what-was-the-dotcom-bubble-5209336

6. https://education.nationalgeographic.org/resource/Y2K-bug

7. https://www.wsj.com/articles/when-americans-took-to-the-streets-over-inflation-11623412801

8. https://www.federalreservehistory.org/essays/savings-and-loan-crisis

9. https://www.washingtonpost.com/history/2021/05/13/gas-shortages-1970s/

10. https://www.wsj.com/articles/35-ways-to-jump-start-your-emergency-savings-11590537591

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This material was prepared by Wendy J. Cook Communications, and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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Investment Perspective and the Art of Saving, Part 1

Mon, 29 May 2023 05:00:00 GMT