Purposeful Planning with Aspen Wealth Management

Building wealth is the first chapter. Passing wealth on for the next generation to hold onto it and grow it is a different challenge entirely. In this episode of Purposeful Planning, Troy Fore, CFP®, looks at why financial literacy, family governance, and honest conversations matter as much as the dollars themselves, and how families can raise children who become capable stewards rather than passive inheritors. Sources: • The Role of Education in Preparing Your Children for Wealth Inheritance – Aspen Wealth Management: https://www.aspenwealthmgmt.com/resource-center/financial-planning/the-role-of-education-in-preparing-your-children-for-wealth-inheritance • “Keep the Money Together”: Preparing the Next Generation for Financial Leadership – Aspen Wealth Management: https://www.aspenwealthmgmt.com/resource-center/financial-planning/next-generation-financial-leadership • Reading the Map: Where to Focus During Different Stages of the Financial Journey – Aspen Wealth Management: https://www.aspenwealthmgmt.com/resource-center/blog/different-stages-of-the-financial-journey 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.

Not everyone wants to go from full-time work to full stop. Phased retirement is a growing path for people who want to wind down gradually, on their own terms. But easing out of work is not as simple as just cutting back your hours. In today's episode of Purposeful Planning, we walk through what phased retirement actually looks like, the financial decisions it triggers, and how to sequence everything so you don’t leave money on the table. Sources: 1. https://www.aspenwealthmgmt.com/resource-center/retirement/phased-retirement-planning-strategy  2. https://www.newsweek.com/boomers-gen-x-retire-differently-phased-retirement-1956778  3. https://www.opm.gov/retirement-center/phased-retirement/  4. https://www.ssa.gov/retirement/full-retirement-age  5. https://www.aspenwealthmgmt.com/resource-center/retirement/early-retirement-and-tax-smart-roth-conversions  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. 

If you’re a corporate executive, your compensation package is likely far more complex than just a simple paycheck. Stock options, restricted stock units, deferred compensation, and equity awards can add up to meaningful wealth but only if they’re managed well.  In today's episode of Purposeful Planning, we’ll walk through the key components of executive compensation and what it takes to make sure you’re not leaving money on the table or creating unnecessary tax exposure along the way. Sources: 1. https://www.aspenwealthmgmt.com/resource-center/investment/executive-compensation-planning-maximizing-your-equity-benefits  2. https://www.aspenwealthmgmt.com/resource-center/blog/understanding-your-options  3. https://www.aspenwealthmgmt.com/resource-center/financial-planning/knowing-how-and-when-to-sell-rsus/  4. https://www.aspenwealthmgmt.com/resource-center/blog/equity-compensation/  5. https://www.irs.gov/pub/irs-drop/rp-12-29.pdf  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. 

Should you stay, downsize, or move to a new state entirely? For many retirees, where and how you live are among the biggest financial decisions you will make. In today's episode of Purposeful Planning, we explore the financial and emotional sides of downsizing and relocation, so you can make the move that best fits your retirement picture. Sources: https://www.aspenwealthmgmt.com/resource-center/retirement/downsizing-or-relocating-retirement  https://www.aspenwealthmgmt.com/resource-center/retirement/retirement-lifestyle  https://smartasset.com/data-studies/where-retirees-move-2025  https://turbotax.intuit.com/tax-tips/fun-facts/9-states-with-no-income-tax/c9RZgthD3  https://www.aarp.org/money/retirement/retirees-top-states-2025/  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. 

If your portfolio includes real estate, a business interest, or private equity, you already know these assets don't behave like stocks and bonds. But are they truly working within your broader financial plan? In today's episode of Purposeful Planning, we'll talk through the strategies and best practices for managing illiquid assets as part of a balanced, diversified financial picture, including how to think about liquidity, tax planning, estate planning, and long-term wealth building.  Sources:   https://www.aspenwealthmgmt.com/resource-center/investment/managing-illiquid-assets https://www.aspenwealthmgmt.com/resource-center/investment/alternative-investments-more-than-stocks-and-bonds https://www.aspenwealthmgmt.com/financial-planning https://www.aspenwealthmgmt.com/investment-management https://www.aspenwealthmgmt.com/tax-planning  https://www.aspenwealthmgmt.com/estate-planning https://www.aspenwealthmgmt.com/resource-center/estate/gifting-strategies-without-hurting-retirement   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. 

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:    https://www.irs.gov/credits-deductions/premium-tax-credit-ptc-overview#:~:text=The%20premium%20tax%20credit%20%E2%80%93%20also%20known,with%20Form%208962%2C%20Premium%20Tax%20Credit%20(PTC). https://openenrollment.healthcare/insurance-marketplace-healthcare-quotes/  https://www.cms.gov/marketplace/outreach-and-education/health-savings-account.pdf  https://www.healthcare.gov/glossary/high-deductible-health-plan/  https://www.aspenwealthmgmt.com/  https://www.aspenwealthmgmt.com/financial-planning  https://www.aspenwealthmgmt.com/blog/webinars/from-countdown-to-confidence-your-retirement-transition-checklist https://www.aspenwealthmgmt.com/resource-center/tax/understanding-the-premium-tax-credit-are-you-eligible   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.

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:    https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill  https://taxnews.ey.com/news/2025-2004-irs-and-treasury-2025-2026-priority-guidance-plan-includes-various-projects-applicable-to-tax-exempt-organizations#:~:text=Guidance%20under%20IRC%20Section%204966%20addressing%20taxable,other%20guidance%20items%20on%20DAFs%20being%20removed https://taxfoundation.org/blog/charitable-deduction-big-beautiful-bill/  https://www.aspenwealthmgmt.com/investment-management https://www.aspenwealthmgmt.com/about-us/#ourteam  https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth  https://www.aspenwealthmgmt.com/resource-center/financial-planning/donor-advised-funds-charitable-giving   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. 

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:    https://www.aspenwealthmgmt.com/retirement-planning https://www.aspenwealthmgmt.com/tax-planning https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds  https://www.financialplanningassociation.org/learning/publications/journal/MAY23-arithmetic-roth-conversions-OPEN  https://smartasset.com/taxes/conversion-tax-planning-strategy  https://www.aspenwealthmgmt.com/about-us  https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth  https://www.aspenwealthmgmt.com/resource-center/estate/gifting-strategies-without-hurting-retirement  https://www.aspenwealthmgmt.com/resource-center/retirement/early-retirement-and-tax-smart-roth-conversions   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.