Financial Priorities Checklist

By Andrea Young on March 5, 2021

“Most people don’t plan to fail, they fail to plan.” Words as true today as they were when first spoken by John L. Beckley decades ago. Many people want to plan, but don’t know where to start. Others simply want to know, “Am I on the right track?”

Life’s cocktail of competing goals layered with varying time horizons is a recipe for uncertainty that can lead to stress and anxiety. Coming up with the right plan can quickly become both daunting and complex when thinking about retirement, buying a home, or starting a family just to name a few objectives.

It is essential to have goals to help identify what is most important, but, as Antoine de Saint-Exupéry purportedly quipped, “A goal without a plan is just a wish.” Life is constantly changing with one curveball after another, which is why it is important to have a plan.

While each person’s situation is completely unique, in this month’s Insights we have taken a pass at mapping out an age-related financial planning checklist. Each age group is broken out by decade to highlight what an individual of a certain age may want to focus on. As stated by Alan Lakein “Planning is bringing the future into the present so that you can do something about it now.” Hopefully, this checklist helps to clarify and identify the order in which to prioritize some of life’s financial decisions. 

To read the full insights click here.