Planning for Every Stage of Life

Financial Planning for Every Stage of Life, from Young Adulthood through Retirement

It’s never too early or too late to begin planning your financial future. Whether you’re just starting to build your financial foundation, at the peak of your earning potential, or approaching retirement age, there are several ways you can create healthy financial habits and prepare yourself for retirement. JNBA can help you align your current financial status with your retirement goals.

Establishing a solid plan for financial freedom and flexibility is essential at every stage of life because it helps prioritize spending, manage debt and guide an investment strategy to ensure you can retire comfortably. While life is unpredictable, a healthy financial foundation goes a long way in helping you adapt to life’s challenges and opportunities.

Helpful tips to keep in mind include:

  •  Establish and maintain a budget, recording all household income, expenses, assets and liabilities.
  • Continue saving for retirement, either through a company retirement plan (such as a 401(k) or 403(b)) or through an individual retirement account (IRA) contribution.
  • Manage risk effectively with proper insurance coverage to avoid unanticipated expenses. This includes assessing your current and future health insurance, life insurance, disability insurance and long-term care insurance needs.

No matter your age, estate planning is also a “must-do,” particularly if you have a family and dependent children. Ensuring you have an executed will, Power of Attorney and Health Care Directive in place and reviewing these documents every few years will help ensure your end-of-life plans reflect your current beneficiaries and wishes.

Learn more about financial planning for every life stage by downloading our comprehensive checklist.

PLEASE NOTE: JNBA is not an insurance agent, attorney, nor accountant. No portion of the mentioned checklist should be construed as legal or accounting advice. All insurance, legal and accounting issues should be addressed with the insurance, legal and accounting professionals of your choosing.

Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors, Inc.

Please see important disclosures information at www.jnba.com/disclosure