In your 30s, you may be juggling various responsibilities such as starting a family, buying a home, or advancing your career. It's crucial to strike a balance between short-term goals and long-term financial planning.Review your budget regularly to accommodate new expenses and ensure you are saving for both short- and long-term goals. Evaluate your insurance coverage and consider purchasing life insurance if you have dependents. Increase your retirement contributions to take advantage of compounding interest.

You have a good career going and should be saving the max in your plan at work and contributing to a Roth IRA. As a general rule of thumb, you should have at least saved 1x your salary so far toward retirement. Ex. If you make 150k, you should have about a 150k in retirement accounts. If you are not there yet, time to make some changes to your budget so you can save more.

Everyone is on different career paths, but you should be in your prime earnings years and saving the max in your plan at work and contributing to Roth IRA’s. As a general rule of thumb, you should have at least saved 3x your salary toward retirement. Ex. If you make 150k, you should have about 450k in retirement accounts. If you are not there yet, its not to late to get on track.

As retirement draws nearer, your 50s are a critical time for financial planning. Assess your retirement readiness by reviewing your savings, investments, and projected retirement income. Consider consulting with a financial advisor to fine-tune your plan and make any necessary adjustments.

These are considered your high-income and savings years. As a general rule of thumb, you should have 6x your salary saved for retirement. Ex. If you make 150k/ year, you should have close to 900k saved. If you are not there yet, you now can save more in your plans at work and your IRA accounts using catch-up contributions.

Catch-up Contributions

You can now make Catch-up Contributions in certain retirement accounts. Get in touch with us to discuss where and how to increase your tax-advantaged contributions.

Early Retirement Withdrawals

Under certain circumstances, you can make penalty-free withdrawals from your retirement accounts. This is called 72(t) Distributions. Go to our insights blog for more info.

HSA Catch-up Contributions

If you have Health Saving Accounts, you can now also make Catch-up Contributions.

Retirement Withdrawals

You can now start making penalty-free withdrawals from certain retirement accounts.

Social Security Benefits

If you qualify, you can now start taking early Social Security Benefits. We can help you decide whether to file now, or wait until later in order to maximize your expected lifetime benefits

You can now start receiving Medicare, which is a complex program. We can help make sense of your options.

Depending on when you were born, this is considered Full Retirement Age (FRA) according to social security. This is the age where you can receive your full social security retirement benefit.

This is the new age in which you must take Required Minimum Distributions (RMD) from your IRA’s 401k or 403b’s. It is an amount based upon your life expectancy and adjusts upwards every year. We can help calculate this amount for you every year. Get in touch with us today.