-
Age 25-35: Your goals should be be paying student loans, saving for a home, college fund for your children, and funds for retirement.
Age 35-55: Saving for college education becomes a high priority, you may want to upgrade your house or appliances, and increase retirement savings.
Age 55-retirement: 10 years away from retiring, your assets should be your top priority. Shift more of your assets into fixed-income securities to -
- Sales loads - function almost like a commission and give the money to the financial professional
- Surrender chargers - come after an early withdrawal from annuity investments, compensates your financial professional
- Commissions - normally paid when you buy/sell through a financial professional
- Markups - when a broker-dealer sells securities out of inventory
- 401k fees - expenses for operating a 401k plan
Want to make a timeline like this?
Use Timetoast to turn dates, events, milestones, and phases into a clear visual timeline you can build and share. Timetoast is a timeline maker for work, school, research, and stories.