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:

1. https://www.nerdwallet.com/article/finance/best-budget-apps
2. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-catch-up-contributions
3. 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.

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

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:

1. https://studentaid.gov/help-center/answers/article/fafsa-simplification-act
2. https://studentaid.gov/h/apply-for-aid/fafsa
3. https://www.tccd.edu/services/paying-for-college/financial-aid/fa-updates/#:~:text=Key%20changes%20include%3A,the%20IRS%20Direct%20Data%20Exchange.
4. https://www.sec.gov/resources-for-investors/investor-alerts-bulletins/updated-investor-bulletin-introduction-529-plans
5. 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.
6. 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.

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

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:

1. https://www.americanbar.org/groups/real_property_trust_estate/resources/estate-planning/probate-process/#:~:text=Probate%20laws%20are%20different%20in,for%20small%20or%20simple%20estates.
2. https://www.investopedia.com/terms/p/powerofattorney.asp
3. https://www.hhs.texas.gov/formas/advance-directives
4. https://smartasset.com/retirement/what-is-testamentary-trust
5. https://www.aspenwealthmgmt.com/estate-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.

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

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:

1. https://homeguide.com/costs/rv-cost#:~:text=Class%20A%20motorhomes%20cost%20%24100%2C000,challenging%20to%20drive%20and%20park.
2. https://www.bishs.com/blog/travel-trailer-cost/
3. 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
4. https://www.cruiseamerica.com/trip-inspiration/rv-gas-mileage
5. https://www.marketwatch.com/guides/insurance-services/cost-of-rv-insurance/#:~:text=Key%20Takeaways%3A,expensive%20as%20%243%2C000%20per%20year.
6. https://www.rvezy.com/
7. 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.

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

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:

1. https://www.investmentnews.com/industry-news/archive/cfp-bets-on-lottery-initiative-5474
2. https://www.amazon.com/Purposeful-Planning-Aspen-Wealth-Management/dp/B0888121RM/
3. 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.

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

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.

If you missed any of our past episodes, you can hear them in your favorite podcast app, just click here and choose your player.

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

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.

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.

If you missed any of our past episodes, you can hear them in your favorite podcast app, just click here and choose your player.

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

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.

"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.

If you missed any of our past episodes, you can hear them in your favorite podcast app, just click here and choose your player.

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

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.