Challenges

Adverse Events

Strategies

30s

Buying a Home.

Unexpected Debt.

Maximize savings to 401k and start an investment fund that focuses on growth, not income.

Starting a Family.

Divorce.

Create a 3 month reserve account.

Start a college fund if you have children.

40s

Raising Children.

Job Loss

Career Shift.

Purchase Long-term Care insurance for yourself and your parents.

Career Advancement.

Family Expenses.

Update Healthcare and Life insurance policies

Create a Living Will.

Maximize investment returns (expand asset categories).

50s

Maximizing Earnings.

Care-giving Expenses.

Start identifying possible 2nd careers.

Sandwich Generation Conflict: Caring For Aging Parents and Supporting Children For College.

College Expenses.

Change jobs to get employer benefits.

Check retirement savings goals.

Increase savings.

60s

Identifying 2nd Careers.

Underfunded Pension.

Downsize home.

Securing Retirement.

Delayed Retirement.

Be alert to real-estate cycles

Shift Investments to income.

Estate planning.