Growing and Mature Families
MY FAMILY IS GROWING, WHAT DO I NEED TO DO?
Growing Families
Who?
- Age 30 to 44
- Starting to be established in career
- Recently married/common-law relationship
- May have children
- Recently purchased first home
Priorities
- Paying off mortgages
- Establish an emergency fund
- Staying on Budget (Download our app!)
- Make a spending plan-short, medium and long term
- Saving for children’s education
- Saving for retirement
- Taking care of the “What-ifs?”
- Disability
- Critical Illness
- Premature Death
- Make a will
MY KIDS ARE OUT OF THE HOUSE, WHAT DO I NEED TO DO?
Mature Families
Who?
- Age 45 to 54
- Established in career
- May have older children
- May be in peak earning years
Priorities
- Paying off mortgage
- Reduce all debts
- Saving for retirement
- Staying on budget
- Reducing income tax
- Taking care of the “What-ifs?”
- Disability
- Critical Illness
- Premature Death
- Make a will
- Consider powers of attorneys