Purposeful Planning with Aspen Wealth Management

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:    https://www.aspenwealthmgmt.com/investment-management https://www.aspenwealthmgmt.com/resource-center/investment/alternative-investments   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. 

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:   https://www.irs.gov/credits-deductions/residential-clean-energy-credit  https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit  https://www.irs.gov/credits-deductions/businesses/sustainable-aviation-fuel-credit  https://bradfordtaxinstitute.com/Content/How-the-OBBBA-Impacts-Your-AMT-Risk-Starting-in-2026.aspx https://www.hartfordfunds.com/insights/investor-insight/navigating-longevity/social-security/the-obbbas-new-social-security-deduction-what-it-really-means-for-retirees.html https://smartasset.com/taxes/trumps-plan-to-eliminate-the-state-and-local-tax-deduction-explained  https://www.usatoday.com/story/money/2025/08/30/trump-accounts-1000-one-big-beautiful-bill/85855571007/  https://www.laboremploymentlawblog.com/2025/07/articles/employee-benefits/what-employers-should-know-about-the-one-big-beautiful-bill-act-obbba/#:~:text=Bonus%20depreciation%20is%20a%20tax,in%20long%2Dterm%20capital%20planning.  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. 

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.  Sources:   https://www.empower.com/the-currency/life/big-life-changes-research https://crr.bc.edu/will-the-average-retirement-age-keep-rising/ https://www.transamericainstitute.org/research/publications/details/retiree-life-in-the-post-pandemic-economy-2024  https://www.healthcare.gov/quick-guide/  https://www.congress.gov/crs-product/R48290  https://www.gao.gov/products/gao-25-106798  https://www.kff.org/medicare/retiree-health-benefits-going-going-nearly-gone/#:~:text=For%20the%20past%2025%20years,down%20from%2066%25%20in%201988. https://www.dol.gov/general/topic/health-plans/cobra  https://www.healthcare.gov/high-deductible-health-plan/hdhp-hsa-work-together/#:~:text=If%20you%20don't%20use,that%20Medicare%20doesn't%20cover.  https://www.aspenwealthmgmt.com/resource-center/retirement/medicare-made-easy-retirement-healthcare-costs    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. 

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:    https://smartasset.com/taxes/trust-tax-rates https://taxpolicycenter.org/briefing-book/how-do-state-and-local-estate-and-inheritance-taxes-work https://www.aspenwealthmgmt.com/resource-center/financial-planning/next-generation-financial-leadership https://www.aspenwealthmgmt.com/resource-center/estate/estate-planning-mistakes-to-avoid  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. 

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:    https://www.cbpp.org/research/social-security/top-ten-facts-about-social-security#:~:text=It%20also%20provides%20important%20life,Social%20Security%20payroll%20tax%20contributions:  https://www.gobankingrates.com/retirement/social-security/americans-dont-understand-facts-about-social-security/  https://www.ssa.gov/myaccount/  https://www.ssa.gov/benefits/retirement/planner/agereduction.html https://www.ssa.gov/faqs/en/questions/KA-02459.html  https://www.aspenwealthmgmt.com/resource-center/retirement/medicare-made-easy-retirement-healthcare-costs https://www.aspenwealthmgmt.com/resource-center/blog/social-security-retirement-basics-what-to-know   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. 

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:    https://www.cnbc.com/2025/06/04/expert-tips-for-saving-more-money.html https://www.sofi.com/learn/content/average-stock-market-return/#:~:text=The%20average%20stock%20market%20return%20of%20the%20S&P%20500%20is,much%20higher%20or%20much%20lower https://business.yougov.com/content/51940-what-kind-of-americans-own-stocks-and-how-do-they-handle-volatility https://www.aspenwealthmgmt.com/resource-center/financial-planning/good-financial-habits-for-young-couples https://www.aspenwealthmgmt.com/resource-center/financial-planning/starting-on-the-right-foot-financial-tips-for-young-professionals  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.