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:

1. https://www.aspenwealthmgmt.com/resource-center/blog/year-end-financial-checklist
2. https://www.aspenwealthmgmt.com/resource-center/blog/year-end-cash-management/
3. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits
4. https://www.healthcare.gov/glossary/health-savings-account-hsa/
5. https://www.fidelitycharitable.org/guidance/philanthropy/qualified-charitable-distribution.html
6. 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.

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

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:

1. https://dornsife.usc.edu/news/stories/practicing-gratitude-can-improve-your-health-and-well-being/
2. https://cos.northeastern.edu/news/can-gratitude-reduce-costly-impatience/
3. https://www.tandfonline.com/doi/full/10.1080/17439760.2018.1497688
4. https://www.waterstonesl.com/blog/cultivating-gratitude-and-positivity-during-retirement/
5. https://www.ted.com/talks/susan_pinker_the_secret_to_living_longer_may_be_your_social_life?subtitle=en
6. https://www.aspenwealthmgmt.com/resource-center/blog/different-stages-of-the-financial-journey
7. 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.

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

Thinking about ways to set your grandkids up for a brighter future? In this episode of Purposeful Planning, we dive into options for grandparents who want to provide financial support, whether it’s for college, a first home, or even a head start on retirement savings. We’ll explore everything from 529 education plans to custodial Roth IRAs, each with its own benefits and tax advantages. Stay tuned if you’re looking for the best way to leave a financial legacy.

Sources:

1. https://www.aspenwealthmgmt.com/resource-center/blog/the-gift-that-goes-with-everything-holiday-ideas-for-grandparents/
2. https://www.aspenwealthmgmt.com/resource-center/blog/financial-gifting-to-grandkids
3. https://www.collegewell.com/private-college-529-plan/#FAQ
4. https://www.investopedia.com/terms/c/coverdellesa.asp#toc-coverdell-education-savings-accounts-vs-529-plans
5. https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth

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.