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.

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:

1. https://www.aspenwealthmgmt.com/resource-center/blog/market-volatility
2. https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/timing-the-market-is-impossible.html
3. 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.

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

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.

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

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:

1. https://www.dimensional.com/ca-en/insights/highlights-what-history-tells-us-about-elections-and-the-market
2. https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth
3. 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.

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

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:

1. 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.
2. https://www.cbsnews.com/news/wealth-what-net-worth-makes-you-rich-in-america/
3. https://www.aspenwealthmgmt.com/resource-center/blog/my-ship-came-in-what-do-i-do-now
4. 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.

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

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:

1. https://collegepulse.com/blog/college-students-manage-personal-finances-money
2. https://www.nerdwallet.com/article/finance/best-budget-apps
3. https://finance.yahoo.com/personal-finance/average-savings-by-generation-194254649.html
4. https://investor.vanguard.com/investor-resources-education/emergency-fund
5. https://www.bankrate.com/banking/savings/emergency-savings-report/
6. https://www.amazon.com/Purposeful-Planning-Aspen-Wealth-Management/dp/B0888121RM/
7. 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.

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