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Ages and Stages of Financial Health

Tools for your Financial Journey

Helpful resource to speed you on your journey to achieve your financial goals.

It’s never too late

Life is full of opportunities, challenges and surprises. We may not always be ready or prepared. But you can take the reigns of your financial future by focusing on what you can control, making informed decisions and seeking support and resources to get you there.

No matter where you are starting out, what you do going forward can make an impact on your future.

Talk about it

Start a conversation about finances and financial decisions with people who are closely connected to you, take note of what is important to you and the legacy you want to share. There are decisions that you will need to make for your well-being, peace of mind and help loved ones know your desires. Remember that ultimately you are in control of your plans for the future. Talking with your family and loved ones early in the process can help get everyone on the same page.

Think about your daily living arrangements, income and assets. Where are you now and where do you see yourself in 5, 10 or 20 years? Reflect on your financial needs at each stage.

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Consider these questions as discussion topics:

  • Will you be living with or caring for younger loved ones?
  • Is there someone in your life that you trust with your financial decisions?
  • What are your living arrangement options - in your own home, a trusted family member, assisted living?
  • Will you need assistance shopping for essential needs like food, household items and clothing?
  • How will you meet your transportation needs for medical, essential needs or personal care?
  • Are you connected with social groups and clubs? How will you maintain and participate in these relationships?

Instead of looking at the past, I put myself ahead twenty years and try to look at what I need to do now in order to get there then. Diana Ross