Episode 7: Financial Goals for all Decades

I talk about the goals for every decade of your life ranging from your 20s through your 60s.

20s:
Learn to live below your means
Become financially independent
Develop a retirement account/plan
Open a Roth IRA
Learn your credit score
Start paying off debt
Start an Emergency Fund

30s:
Have 1X your salary saved for retirement
Pay off all non-mortgage debt
Create a will
If a parent-get life insurance
Increase emergency fund
Start to read up on financial planning

40s:
Have 3X your salary saved for retirement
Review your financial plan
Evaluate the household budget
Diversify your portfolio

50s:
Have 5X your salary saved for retirement
Pay off your mortgage
Up your contributions to your 401K and Roth IRA
Look into annuities
Long term care insurance

60s:
Have 8X your salary saved for retirement
Social Security options
Reevaluate budget
Part Time employment /Volunteering

QUESTIONS/COMMENTS???
Contact Me:
Email: [email protected]
FB: www.facebook.com/tjs2cents
IG @tjs2cents