Even if you aren’t close to retirement, financial planning in your 30s and 40s is critical. And if your 30s and 40s feel like they were another lifetime ago, that doesn’t mean that financial planning in your 30s and 40s doesn’t apply to you. What we’re going to cover in this article will still apply to your children and/or grandchildren. Two of our CFP® Professionals, Logan DeGraeve and Matt Kasper, are going to help us with reviewing some key financial planning strategies to consider in your 30s and 40s. Logan just turned 31 and Matt is about to turn 41, so this topic of financial planning in your 30s and 40s is right up their alley.
Timestamps:
00:00 - Introduction
01:32 - Why Planning in Your 30s & 40s Is Crucial
02:31 - Creating a Forward-Looking Financial Plan
08:01 - Define Your Goals
12:37 - Good Debt vs Bad Debt
14:45 - Generational Wealth TRIVA
16:52 - How Much Are You Saving (and Where)
18:16 - Have an Emergency Fund
20:13 - Insurance Planning
23:21 - Quick Note on Estate Planning
Retirement Plan Checklist: https://bit.ly/44QBkyr
Setting Up a Spending Plan for Retirement: https://youtu.be/WLCsavk83e8
Considerations for Retiring Before 62 & 65: https://youtu.be/JbZWycokNhc
The Difference Between Good Debt & Bad Debt: https://youtu.be/Xxmv-pA3kQg?si=NtAM6Bk0dTTqGD8q
Family Financial Planning with Matt Kasper: https://youtu.be/MX0SvvCwnww?si=tHOZATmUoJJ2Uv6a
Life Insurance in Retirement: https://youtu.be/cFWcUe2VADo
Retirement Planning Tool: https://bit.ly/45OCTON
Meet with us: https://bit.ly/45WfdIo