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“To Do’s” for 35-49 Year Olds

More often than not in your late thirty’s and forty’s your career is advancing or you may be changing jobs, your children are school-aged and beginning to consider college, and planning for retirement becomes more of reality. Consider the following “to do’s” when you are going through these life events:

Investments

• Create a financial plan
• Increase investments with increase in salary
• Adjust portfolio mix
• Invest for children’s college educations and wedding expenses
• Continue retirement savings and investments
• Evaluate life insurance coverage
• Consider long-term care insurance for parents or self

Insurance

• Increase homeowner’s insurance for addition to home or new home purchase
• Add children to auto insurance when they start driving
• Reevaluate and combine insurance coverage for best rates
• Purchase umbrella liability policy to protect your increased income and assets

Legal

• Create or make changes to your will with birth of more children
• Update trust agreement
• Acquire representation for real estate purchase or sale contracts
• Seek representation for general litigation, personal injury
• Hire legal help with your business

Real Estate

• Sell home and move up to a larger home
• Evaluate community and schools for your children when considering a move
• Consider purchase of investment property or vacation home
• Take a transfer and need a new home quickly
• Sell home by owner
• Seek assistance for downsizing

When it comes time to plan and act on life’s events, call the experts at the Financial Mall for priceless advice and expert service.

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