Investing for a Lifetime
During our lives, we move through a financial lifecycle with several phases. In the early
years we're saving for a house...then focusing on college education expenses, later we're
looking toward retirement.
Early Years (25-40)
Your biggest asset at this stage is time. Since many of your goals are several years away, it's best to focus on growth-oriented products. To create a balance, life insurance can offer safety and stability in your life, in addition to death protection.
Building Years (40-50)
A rising income is helping you achieve your goals as they come into focus during this stage in your life. However, expenses such as college education may reduce your current spendable income. Because retirement is in the future, the need for growth is still essential. However, impending goals may warrant a shift toward more conservative products.
Refining Years (50-60)
Your peak earnings combined with reduced financial responsibility for your children can make this stage financially rewarding. However, accumulating assets for retirement is more important than ever. So a shift to more conservative growth opportunities which include inflation protection may be warranted.
Rewarding Years (60 and over)
To maintain your lifestyle at retirement, you'll most likely need extra income above your Social Security benefits and pension payments. The majority of your savings and investment program should focus on producing income and protecting your investments against inflation.
The first step to determine your future financial needs is to participate in a needs analysis session. This will help you find a starting point. For more information about this...or any other topic......e mail...call...fax....write us
