Helping Your Kids Without Hurting Your Retirement

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:    https://www.kiplinger.com/retirement/gifting-while-you-are-alive-tax-benefits-and-practical-tips  https://www.aspenwealthmgmt.com/resource-center/estate/estate-planning-mistakes-to-avoid 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.