THE GOALS TO ACCOMPLISH FOR EACH STAGE OF YOUR LIFE No matter where you are on your financial journey there are certain goals that you should be accomplishing. These goals are the building blocks of your financial success. If you have missed a few along the way to your current stage of life, now is the time to determine how to meet those goals. Wherever you are on your life journey, make sure you are aware of these financial steps that can make your journey less stressful from a financial perspective. UP TO 20 YEARS OLD • Understand needs vs wants • Uses for money: spend, share, save • How to save for a goal • Managing a checking account IN YOUR 30s • Reaching at least 10% retirement savings • How to manage debt • Adding proper insurance coverage • Using a budget to make financial decisions IN YOUR 50s • Built a relationship with a planning professional • Maximizing all retirement savings opportunities • Building a cash nest egg outside of retirement funds • Figure out long term care insurance IN YOUR 70s • Enjoy your retirement with planned spending • Stay active and find meaningful pursuits • Make your money last your lifetime • Life a healthy lifestyle IN YOUR 20s • How to build a basic budget • Importance of credit score • Establishing a basic estate plan • Started saving for retirement IN YOUR 40s • Building several types of emergency funds • Reducing lifestyle expenses • Net worth should be considerably positive • Major expenses funded from savings IN YOUR 60s • Build a retirement budget and live it pre-retirement • Understand government and healthcare benefits • Revisit estate plan and update for retirement • Have 15 – 25 times your income saved Learn more by visiting the Financial Readiness section of FORUM Credit Union’s YouTube Channel.

THE GOALS TO ACCOMPLISH FOR EACH STAGE OF YOUR LIFE€¦ · • Built a relationship with a planning professional • Maximizing all retirement savings opportunities • Building

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THE GOALS TO ACCOMPLISH FOR EACH

STAGE OF YOUR LIFENo matter where you are on your financial journey there are certain goals that you should be accomplishing. These goals are the building blocks of your financial success. If you have missed a few along the way to your current stage of life, now is the time to determine how to meet those goals. Wherever you are on your life journey, make sure you are aware of these financial steps that can make your journey less stressful from a financial perspective.

UP TO 20 YEARS OLD• Understand needs vs wants• Uses for money: spend, share, save• How to save for a goal• Managing a checking account

IN YOUR 30s• Reaching at least 10% retirement savings• How to manage debt• Adding proper insurance coverage• Using a budget to make financial decisions

IN YOUR 50s• Built a relationship with a planning professional• Maximizing all retirement savings opportunities• Building a cash nest egg outside of retirement funds• Figure out long term care insurance

IN YOUR 70s• Enjoy your retirement with planned spending• Stay active and find meaningful pursuits• Make your money last your lifetime• Life a healthy lifestyle

IN YOUR 20s• How to build a basic budget• Importance of credit score• Establishing a basic estate plan• Started saving for retirement

IN YOUR 40s• Building several types of emergency funds• Reducing lifestyle expenses• Net worth should be considerably positive• Major expenses funded from savings

IN YOUR 60s• Build a retirement budget and live it pre-retirement• Understand government and healthcare benefits• Revisit estate plan and update for retirement• Have 15 – 25 times your income saved

Learn more by visiting the Financial Readiness section of FORUM Credit Union’s YouTube Channel.