Thursday, September 5, 2019

Financial goal for every decades.

 IN YOUR 20'S

-Learn to live below your mean.
-Become financially independent.
-Develop a retirement plan.
-Learn your credit score.
-Start paying off your debts.
-Start an emergency fund.
-Get health insurance.

IN YOUR 30'S

-Have 2x your salary saved for retirement.
-Pay off non-mortage debts.
-Create a will.
-Start saving for kids college fund.
-If a parent-get life insurance.
-Increase your emergency fund.
-Read up on financial planning.

IN YOUR 40'S

-Have 3x your salary saved for retirement.
-Up your kid's college savings.
-Review your financial plan.
-Evaluate your household budget.
-Diversify your portfolio.
-Meet with financial planners.


IN YOUR 50'S



-Have 5x yor salary saved for retirement.
-Pay off your house.
-Look into long term care insurance.
-Look into Annuities.



IN YOUR 60'S


-Have 8x your salary saved for retirement.
-Check out your social security options.
-Investigate trusts.
-Revaluate your budget.
-Look into part-time employment options.

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