For many, turning 50 represents a significant moment of self-awareness. It’s also a time when uniquely successful individuals become aware that their financial lives have become complicated enough to deserve a closer look.
This checklist defines the financial concerns specific to you as you move into your mid-career. You are established and have slowly accumulated your wealth over the years, so now it is time to look ahead and plan accordingly.
Download the Mid-Career Financial Preparedness Checklist
Mid-Career Financial Preparedness Checklist
Some people achieve a unique level of success and face
increasing financial complexity long before they approach
midlife. Often, this is the result of receiving an
inheritance or selling a business. However, most people
don’t achieve meaningful wealth until they approach or
enter their 50s. This wealth usually occurs through a
regular contribution to investment accounts coupled with
accelerating career success. Because the assets accumulate
gradually, there’s no single event people experience that
represents a wakeup call about the need to address their
financial plan.
Children have grown and
left home or are in the process of leaving. Family life is
being redefined, and careers are reaching their most
productive period. Real estate values and portfolios are
also accelerating over time. The 50th birthday is often
the catalyst for the classic midlife crisis when the
structures of life are called into question and major
shifts in personal values are considered.
Your
Wealthspire advisor has advised many individuals and
families on how to negotiate these transitional years.
Wealthspire Advisors LLC, Fiducient Advisors LLC, Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers.
This material should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The information provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use.
