Purposeful Planning with Aspen Wealth Management

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:    https://www.dimensional.com/ca-en/insights/highlights-what-history-tells-us-about-elections-and-the-market  https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth  https://www.aspenwealthmgmt.com/resource-center/blog/presidential-election-and-the-markets   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. 

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.   Sources:    https://www.businessinsider.com/most-millionaires-dont-think-they-are-rich-2019-8#:~:text=Only%2013%25%20of%20millionaires%20think%20they're%20wealthy%2C%20according,influence%20how%20wealthy%20someone%20feels.  https://www.cbsnews.com/news/wealth-what-net-worth-makes-you-rich-in-america/ https://www.aspenwealthmgmt.com/resource-center/blog/my-ship-came-in-what-do-i-do-now  https://www.marketwatch.com/story/one-in-three-americans-who-get-an-inheritance-blow-it-2015-09-03   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. 

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.   Sources:    https://collegepulse.com/blog/college-students-manage-personal-finances-money https://www.nerdwallet.com/article/finance/best-budget-apps  https://finance.yahoo.com/personal-finance/average-savings-by-generation-194254649.html  https://investor.vanguard.com/investor-resources-education/emergency-fund https://www.bankrate.com/banking/savings/emergency-savings-report/  https://www.amazon.com/Purposeful-Planning-Aspen-Wealth-Management/dp/B0888121RM/  https://www.aspenwealthmgmt.com/resource-center/pro-tips-for-those-graduating-soon   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. 

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:    https://www.aspenwealthmgmt.com/resource-center/blog/what-you-need-to-know-about-529-plans  https://www.usbank.com/financialiq/manage-your-household/pay-for-education/using-529-plans-for-k-12-school-tuition.html  https://www.savingforcollege.com/article/can-you-use-a-529-plan-to-pay-for-study-abroad  https://www.savingforcollege.com/article/10-rules-for-superfunding-a-529-plan  https://www.irs.gov/forms-pubs/about-form-709  https://www.usnews.com/education/best-colleges/paying-for-college/articles/what-to-know-about-paying-student-loans-with-529-plan-funds  https://www.fidelity.com/learning-center/personal-finance/529-rollover-to-roth  https://www.aspenwealthmgmt.com/resource-center/blog/fafsa-changes-2024-25/  https://www.aspenwealthmgmt.com/resource-center/smart-tips-for-529-plans   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. 

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.   Sources:    https://www.nerdwallet.com/article/finance/best-budget-apps  https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-catch-up-contributions https://www.aspenwealthmgmt.com/resource-center/estate/no-kids-no-need-for-estate-planning-not-really   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. 

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:    https://studentaid.gov/help-center/answers/article/fafsa-simplification-act  https://studentaid.gov/h/apply-for-aid/fafsa  https://www.tccd.edu/services/paying-for-college/financial-aid/fa-updates/#:~:text=Key%20changes%20include%3A,the%20IRS%20Direct%20Data%20Exchange.  https://www.sec.gov/resources-for-investors/investor-alerts-bulletins/updated-investor-bulletin-introduction-529-plans  https://www.theeducationplan.com/the-fafsa-simplification-act-and-what-it-means-for-529-accounts#:~:text=If%20the%20owner%20of%20a,aren't%20considered%20student%20income.  https://www.aspenwealthmgmt.com/resource-center/blog/your-529-plan-and-secure-2   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. 

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:    https://homeguide.com/costs/rv-cost#:~:text=Class%20A%20motorhomes%20cost%20%24100%2C000,challenging%20to%20drive%20and%20park. https://www.bishs.com/blog/travel-trailer-cost/ https://www.northerntool.com/products/let-s-go-aero-littlegiant-summithaus-camping-trailer-length-10-ft-width-8-ft-sleeps-4-model-t02035-01410-5521323 https://www.cruiseamerica.com/trip-inspiration/rv-gas-mileage  https://www.marketwatch.com/guides/insurance-services/cost-of-rv-insurance/#:~:text=Key%20Takeaways%3A,expensive%20as%20%243%2C000%20per%20year.  https://www.rvezy.com/ https://www.aspenwealthmgmt.com/resource-center/retirement/will-i-have-enough-income   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. 

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:    https://www.investmentnews.com/industry-news/archive/cfp-bets-on-lottery-initiative-5474 https://www.amazon.com/Purposeful-Planning-Aspen-Wealth-Management/dp/B0888121RM/ https://www.aspenwealthmgmt.com/resource-center/blog/my-ship-came-in-what-do-i-do-now   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.