Thus they say “life begins at 40.” It is true in a sense that most people should be stable, ideally, in all aspects of their life when they turn 40—the “prime” stage in a person’s life.
It is when you are 40 when you can do and be in your greatest potential—and at least, have already achieved the following:
Click here to learn the 6 “Must” Things To Have Before You Turn 40…
So when should you start saving for your kid’s college? The short answer is, as soon as possible. However, you must fund your retirement first! If you’re already putting enough away for retirement, start saving for your child’s college fund as soon as you can.
Click here to learn more about saving for your children’s college.
The actions you take in the final decade before you quit working are crucial to getting the next phase off to a smooth start.
We provide retirement planning counsel to many clients. Considering retirement is exciting, but it can also cause anxiety and fear. That’s why we encourage our clients to begin planning for retirement with a comprehensive financial plan. Seeing your personalized financial plan takes away much of the anxiety before your retirement date arrives.
Money Magazine offers this advice if you plan to retire in the next 10 years:
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