37. Financial Planning in Your 40’s

For most people, your 40’s represent a challenge: your income is the highest it’s ever been, but life is more expensive than ever too. And busier.

As a result, your 40’s tend to be a balancing act of priorities in the areas of money and time. How you prioritize will determine the life you lead, both now and in the critical coming years.

Today’s episode breaks down some of the key financial strategies and vehicles we see for clients navigating this incredible season of life.

1. Target savings and timeline for financial independence
2. Final stretch before college costs
3. Balancing lifestyle and future planning
4. More complex compensation–including deferred comp and equity
5. Estate planning priorities and updates
6. Prioritizing strong family bonds through busy years

Whether you're advancing in your career or managing growing family responsibilities, this episode is filled with valuable advice to help you navigate this critical decade. 

KEY HIGHLIGHTS:

• Realistic long-term equity returns
• Maximizing investments early leads to greater growth
• Understanding Rule 72
• Prioritize family stability over career advancement
• Establish core family values
• Planning for Generational Wealth
• Planning for Worst-Case Scenarios
• Maximize 529 and Roth 401k savings strategies.
• Deferring taxes to manage future financial obligations.
• Non-portable plans lead to unexpected taxable income.

KEY LINKS:

• Envizion More: http://www.EnvizionMore.com 
• Vizionary Wealth: http://www.VizionaryWealth.com 
• Our Facebook: https://www.facebook.com/VIZIONARYWEALTH 
• Wayne’s LinkedIn: https://www.linkedin.com/in/waynewagnerjr/ 
• Disclosures: http://www.VizionaryWealth.com 

Production & Marketing by Evergreen Financial Marketing, a specialized firm for financial advisors and RIAs: https://www.evergreenfm.com/