Early retirement is a dream for many Americans, but making it work requires more than just saving enough money; it requires smart tax strategies. In this episode of Purposeful Planning, we explore how Roth conversions can help early retirees reduce their lifetime tax burden and create more tax-free income in retirement. From understanding the five-year rule to timing your conversions strategically, discover whether this approach makes sense for your situation.

Sources:

1. https://www.aspenwealthmgmt.com/retirement-planning
2. https://www.aspenwealthmgmt.com/tax-planning
3. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds
4. https://www.financialplanningassociation.org/learning/publications/journal/MAY23-arithmetic-roth-conversions-OPEN
5. https://smartasset.com/taxes/conversion-tax-planning-strategy
6. https://www.aspenwealthmgmt.com/about-us
7. https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth
8. https://www.aspenwealthmgmt.com/resource-center/estate/gifting-strategies-without-hurting-retirement
9. https://www.aspenwealthmgmt.com/resource-center/retirement/early-retirement-and-tax-smart-roth-conversions

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.

Aspen Wealth Management is a registered investment advisor with the SEC.

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.

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Most parents would do anything to help their children succeed, but providing financial support shouldn't come at the expense of your own retirement security. In this episode of Purposeful Planning, we explore smart gifting strategies that allow you to support the next generation while protecting your financial future. From strategic giving approaches to understanding gift tax implications, discover how to help your kids build better lives without compromising your own.

Sources:

1. https://www.kiplinger.com/retirement/gifting-while-you-are-alive-tax-benefits-and-practical-tips
2. https://www.aspenwealthmgmt.com/resource-center/estate/estate-planning-mistakes-to-avoid
3. https://www.aspenwealthmgmt.com/resource-center/estate/gifting-strategies-without-hurting-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.

Aspen Wealth Management is a registered investment advisor with the SEC.

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.

When most people think about investing, stocks and bonds come to mind. But what about that vintage car collection, your rare coins, or even that comic book from the 1960s? In today's episode of Purposeful Planning, we're exploring the world of alternative investments, from collectibles to real estate to digital assets. We'll discuss what makes these investments unique, the opportunities they present, and how they might fit into your overall financial picture. Whether you're a passionate collector or simply curious about diversifying beyond traditional markets, this conversation is for you.

Sources:

1. https://www.aspenwealthmgmt.com/investment-management
2. https://www.aspenwealthmgmt.com/resource-center/investment/alternative-investments

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.

Aspen Wealth Management is a registered investment advisor with the SEC.

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.