As we and a number of our friends now swing by the big “40” age landmark, a few are looking at life’s bigger picture and thinking more about the future. Because life and money are so closely entwined, this has sparked some thoughts and conversation around how one’s financial priorities should change as the years pass.
Financial goals do change over time. Life is full of changes and with each new set of circumstances come new financial needs. Some of your concerns will be long term – for instance, saving for retirement takes place across decades – but that doesn’t override the shorter term goals such as saving for a deposit on a home or considering starting your own business. Knowing what financial milestones are ahead and planning in advance will help establish a greater level of security and enable more financial choice. We have put together a summary of what we think are the different financial life stages to help spark more thought and conversation.Read More