Episodes
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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.
Hosted on Acast. See acast.com/privacy for more information.
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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.
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Episodes manquant?
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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-marketsThe 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.
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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-2015-09-03The 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.
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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-soonThe 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.
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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-plansThe 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.
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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-reallyThe 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.
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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-2The 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.
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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.
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.americanbar.org/groups/real_property_trust_estate/resources/estate-planning/probate-process/#:~:text=Probate%20laws%20are%20different%20in,for%20small%20or%20simple%20estates. https://www.investopedia.com/terms/p/powerofattorney.asp https://www.hhs.texas.gov/formas/advance-directives https://smartasset.com/retirement/what-is-testamentary-trust https://www.aspenwealthmgmt.com/estate-planningThe 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.
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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-incomeThe 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.
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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-nowThe 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.
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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.
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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.
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"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.
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Join us on "Purposeful Planning" as we embark on a generational journey through the values, financial behaviors, and investment strategies that define Baby Boomers, Gen X, Millennials, and Gen Z. This episode delves into how each generation's unique experiences shape their approach to saving, investing, and planning for the future. With insights tailored to every listener, regardless of generational identity, we uncover strategies for navigating the financial landscape of today and tomorrow.
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.
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Deciding on your home in retirement is challenging. Do I relocate, downsize, or stay put? In our latest episode of "Purposeful Planning," we outline some of the pros and cons for each consideration.
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.
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In this episode, we delve into a concern that looms large for those in or approaching retirement: healthcare costs. It's more important than ever to comprehend and prepare for these costs, as many Americans are concerned about how they will be paid. We'll look at doable solutions, such as clever savings plans and maximizing employer benefits, for reducing healthcare expenses in retirement. Listen as we look at the intricacies of Medicare, HSAs, and more, providing you with the knowledge to secure a healthier, financially stable retirement.
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.
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Dive into the digital realm of cybersecurity with us as we unpack essential tips to protect your financial information online. In a world where cyber threats lurk around every corner, equip yourself with knowledge and best practices to defend against potential cyberattacks. Learn how Aspen Wealth Management is committed to ensuring your financial well-being in this tech-savvy era. Stay informed and stay secure!
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.
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Join us in this informative episode, where we explore the intricacies of Restricted Stock Units (RSUs) and Incentive Stock Options (ISOs). Understanding these forms of equity compensation is vital for many in today's workforce. We discuss strategically incorporating these options into your financial planning and managing the associated risks. Join the Aspen Wealth Management team and learn how to maximize the benefits of your stock options while maintaining a balanced financial portfolio.
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.
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This episode of our podcast focuses on the financial strategies crucial for small business owners. From diversifying income streams to succession planning, we cover essential tactics to help entrepreneurs translate their business success into personal financial stability. Join us as we explore how small business owners can effectively manage their wealth, reduce risk, and plan for a prosperous future for their businesses and themselves.
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.
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