Life Stages
Stage One – Ages 30 – 55 (Accumulation Stage)
Need for Portfolio growth
- Saving for retirement, major purchases, children’s educations
- Protection needs for family and income
- Cash and Credit Management and Debt Reduction
Stage Two – Ages 55 – 65 (Pre-retirement Stage)
Need for more Conservative Portfolios
- Saving for Retirement
- Start on Estate Planning and Health Issues
- Cash and Credit Management
- Savings rates
Stage Three – Ages 65 plus (Income Stage)
Need to maximize after tax income
- Spending not Saving priority
- Estate Issues to be addressed
- Health Issues to be Addressed
- Cash and Credit Management
