Achieve Financial Balance During All Life Stages

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Our mission at Thrive is to take the time to learn your personal financial situation and history so that we can help you develop a personalized retirement strategy. Whether you’re just getting started or are ready to retire, our team is here for you every step of the way!

While each decade of life presents new financial obstacles and opportunities for growth, one principle holds true for individuals of all ages: achieving financial balance and compromise. To help people navigate their finances effectively, we recommend the following practices:


20s: Time Is Their Greatest Asset:


Many individuals in their 20s find themselves overwhelmed by the newfound responsibility of managing their money. Juggling student loan repayments, career development, and finding a balance between saving and spending can leave young adults feeling lost. However, they often overlook their greatest asset: time. Starting to save for retirement and invest in their 20s provides more opportunities for wealth growth.


30s: Keep Long-Term Financial Goals in Sight:


By the time individuals reach their 30s, they may have achieved significant career milestones, such as salary raises and promotions, or experienced life changes like marriage and children. It is an ideal time to position themselves for long-term success by increasing contributions to their 401(k)s as their salaries grow. Rebalancing investments and considering a Roth IRA are also crucial steps during this phase.


40s: Retirement Strategies:


In an ideal scenario, individuals in their 40s have paid off their student loans, regularly contribute to their 529 accounts, and have an estate plan in place while being on track for retirement. However, a study by Northwestern Mutual found that 4 in 10 people do not believe they will be financially ready for retirement. It is essential to evaluate and determine your retirement age goal and work towards it.


50s: Portfolio Diversification Is Key:


While portfolio diversification is crucial at any stage of life, it becomes particularly important for individuals in their 50s. To mitigate risks, it is advisable to identify a trusted financial advisor who can help navigate potential variables that could derail a well-funded financial plan. This is also an appropriate time to start discussing long-term care planning, as creating a plan beforehand can protect your savings against unforeseen medical costs in the future.


A well-thought-out financial plan serves as the backbone, ensuring an individual’s finances are strong enough to withstand market unpredictability. By following these guidelines, individuals can achieve peace of mind and enjoy the life they have built for themselves. Contact us today to get started! 

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We can meet with zero obligations on your part. If you can invest one hour today for a no-obligation consultation, we can place you on the path toward owning your tomorrow.

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