Age 20 years
- try to save 5 to 10 percent of gross income.
- have an emergency fund of six months of the monthly fee.
- start a credit history, it can be from a credit card, credit history is very important to do, especially in developed countries like America.
- purchase or repair homes. investing for growth not to long.
- make pension savings.
- have adequate insurance.
- making a will.
- budget and expenses should be scrutinized more carefully.
- include a broader tax planning
- raise funds for savings / investment retirement
- saving for children's education funds
- start retirement planning
- re-evaluate insurance needs
- will change according to the change in family status.
- continued to provide funding for the education of children, it could be to finish college.
- add personal savings.
- continue with the add investment funds for retirement.
- monitor the tax consequences on investment.
- investment for the long term.
- reviewing insurance requirements because the kids are out of the house.
- reviewing homeowner's insurance.
- legacy planning more seriously by using wills, transferring ownership of the property by way of gift, grant or even start making trusts.
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