If building wealth is among your aspirations for the year ahead, you will need some tips and idea. You might be looking for financial goals to set, depending on your age and stage of life.
In this Monthly Item of Value, get tips on where you should focus in each decade of your life. Although your priorities will surely change over time, the goal of continuing to build wealth may not.
In your 20s: Start saving and balance debt-to-income.
In your 30s: Save as much as you can for large goals while you handle the demands of a growing family or caring for aging parents.
In your 40s: This is your peak earning decade: Research shows pay growth peaks at 49 for college-educated men and 40 for college-educated women.*
In your 50s: Max out your savings and catch-up on saving for retirement. With retirement a little over a decade away, now is the time to save as much as you can.
In your 60s: Retire and make your money last.
Click here to get the full e-report and set your financial goals.
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