Refer website to a friend

Apply
for
Financial Planning
Type text shown in the image:

Financial Planning

Join The Discussion Now
Visit Financial Planning Forum. Discuss with experts and fellow consumers how to select the best Financial Planner.

Free Financial Health Checkup

Age 40-49 years

By now, you are well established in your career and are in your peak income earning years. Your spouse may also be working and any children you may have are growing up and are getting close to entering college.

You may have accumulated some assets like a house by now. It is critical that you protect these assets and that your dependants can benefit from them as desired by you in your will. You should start to think about retirement, even though it might be many years away.

Have you...?
Yes
No
Not sure
1. Understood the investments you hold do they produce income or growth, do they result in higher taxes
2. Prioritized your financial goals and got a written plan on how you will achieve them
3. Thought about how unexpected events might impact your family's goals
4. Calculated the inflation adjusted cost of your future expenses such as children's education and wedding
5. Considered mutual fund and stock market investments for long-term growth
6. Analyzed your approach to stock market fluctuations, portfolio diversification and risk tolerance (aggressive, moderate or conservative)
7. Increased your contributions to your pension if you want to retire early
8. Understood how the current tax laws apply to you
9. Reduced your tax bill through tax efficient savings
10. Reviewed your home loan and its repayment scheme for current interest rates could you save money by repaying your home loan early
11. Considered lump sum investments for capital growth such as additional property
12. Guarded against the negative effects of inflation on your savings and investments
13. Thought about a date of retirement and about what kind of retirement would you like active or inactive, which town you want to retire in
14. Calculated your after-tax retirement income needs in terms of today's money to maintain quality of life
15. Considered whether your investments and income in will support your desired lifestyle in retirement
16. Updated your will
 
     
Comments
post new comment      Ask a question