When you’re setting out on a journey, it’s important to create a plan so that you can stay organized and feel confident about reaching your destination. The same is true when planning your financial journey. Your investment needs are likely to change throughout the course of your life. To help guide you on your journey, we have identified the key life events that may trigger a change in your strategy and what types of investments will help you reach your goals.

In Your 20’s and 30’s

At this time in your life, you may be attending college, starting a career, getting married or starting a family. Chances are you have bought your first home, have taken on a big financial responsibility or you are budgeting as your pay off student loans. Oftentimes, your goals are short-term and your spending is more than your income. Budgeting will be the key focus at this stage of life.

Investment Options:

  • Saving for Retirement - Roth IRA, 401(k), etc

  • Protecting Your Assets - Disability, Life Insurance, Property & Casualty Insurance

  • Saving Money - Short-Term Funds

  • Child’s College Education Fund - 529 Account

  • Preparing for Life Changes - Job Changes, Business Opportunities, Wealth Windfalls

In Your 40’s and 50’s

Your financial plan should be in full swing at this stage. You are halfway to retirement and will need to evaluate your journey’s success so far. As you continue through this stage of life, you will become closer to your peak earning income and becoming debt free is on the horizon. Your focus will turn from wealth accumulation to wealth management as you start thinking about your retirement years ahead.


Investment Options:

  • Protecting Your Assets - Disability, Life Insurance, Property & Casualty Insurance

  • Saving Money - Short Term Funds (Mutual Funds, CD’s, U.S. Treasury Bills & Notes)

  • Child’s College Education Fund - 529 Account

  • Preparing for Life Changes - Job Changes, Business Opportunities, Wealth Windfalls

  • Rollover IRA’s

  • Planning for Long Term Care

In Your 60’s and 70’s

The closer you get to retirement, the more realistic it feels. You may have started to become more cautious and conservative with your money when it comes to investing. The growth and accumulation mindset has shifted to safety. By this time you have paid off your mortgage and should be debt free as you head into retirement. When you reach retirement, you will have less income but also fewer expenses. Enjoy the freedom!


Investment Options:

  • Pre-Retirement - Maximize Savings and Future Income

  • Social Security Planning

  • Building A Long Term Care Plan

  • Wealth Transfer Planning

  • Retirement Income Planning - Maximize Income, Minimize Taxes



As you go through the different stages of life, it’s important that you always plan ahead. Far too often people start planning after it’s too late. Always be thinking about the next 5-10 years and keep these investment options in mind to help you reach your financial goals at the end of the journey.


Contact one of our financial advisors at http://www.equityfsg.com/.