Purposeful Planning with Aspen Wealth Management

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:    https://newsroom.breadfinancial.com/making-cents-of-love-and-money  https://www.investmentnews.com/industry-news/financial-infidelity-credit-card-debt-behind-one-third-of-divorces/249211#:~:text=Financial%20infidelity%2C%20credit%20card%20debt,third%20of%20divorces%20%2D%20Investment%20News https://www.amazon.com/Purposeful-Planning-Aspen-Wealth-Management/dp/B0888121RM/  https://www.aspenwealthmgmt.com/resource-center/financial-planning/financial-communication-tips-for-couples    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.

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:    https://www.aspenwealthmgmt.com/resource-center/tax/taxes-and-your-investment-profits https://www.aspenwealthmgmt.com/resource-center/blog/tax-wise-investing-team https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000  https://www.healthcare.gov/glossary/high-deductible-health-plan/  https://www.irs.gov/pub/irs-drop/rp-24-25.pdf  https://www.aspenwealthmgmt.com/tax-planning   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. 

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:    https://www.aspenwealthmgmt.com/resource-center/blog/your-529-plan-and-secure-2  https://www.aspenwealthmgmt.com/resource-center/blog/financial-gifting-to-grandkids   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. 

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:    https://www.aspenwealthmgmt.com/resource-center/blog/year-end-financial-checklist https://www.aspenwealthmgmt.com/resource-center/blog/year-end-cash-management/ https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits  https://www.healthcare.gov/glossary/health-savings-account-hsa/ https://www.fidelitycharitable.org/guidance/philanthropy/qualified-charitable-distribution.html  https://www.aspenwealthmgmt.com/resource-center/blog/gratitude-and-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.  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. 

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:    https://dornsife.usc.edu/news/stories/practicing-gratitude-can-improve-your-health-and-well-being/ https://cos.northeastern.edu/news/can-gratitude-reduce-costly-impatience/ https://www.tandfonline.com/doi/full/10.1080/17439760.2018.1497688 https://www.waterstonesl.com/blog/cultivating-gratitude-and-positivity-during-retirement/ https://www.ted.com/talks/susan_pinker_the_secret_to_living_longer_may_be_your_social_life?subtitle=en  https://www.aspenwealthmgmt.com/resource-center/blog/different-stages-of-the-financial-journey https://www.aspenwealthmgmt.com/resource-center/blog/gratitude-and-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.  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’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:    https://www.aspenwealthmgmt.com/resource-center/blog/market-volatility  https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/timing-the-market-is-impossible.html https://www.dimensional.com/sg-en/insights/looking-to-stick-the-landing-shake-off-the-volatility (MyDimensional login required)  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. 

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.  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 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.