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 Pre-Retirement 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 is the common brand and trade name used by Wealthspire Advisors LLC, Private Ocean, LLC, and ACG Advisory Services, LLC, separately registered investment advisers and subsidiary companies of NFP Corp.
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.
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