School has finished, University of life is now the reality. With that, so is buying your first car, saving for your first house, holiday or business venture. This is the start of something big where planning is imperative and protecting your ability to earn an income is vital.
Wealth Accumulation is the key of this stage. Between paying down your mortgage, raising a family and putting a plan in place for retirement, it is essentially about building wealth. Just as important as building wealth is protecting it, by ensuring your super is on track, your insurances are adequate, your income is protected and you are on top of managing your debts and reducing them.
This is the home stretch, the final stage of your working life. You may be close to paying off your home, the kids might have moved out and your savings capacity will increase. Your wealth accumulation plan is continuing and debt reduction is in full swing.
Retirement is on the horizon, retirement planning is hot on the agenda as is estate planning and asking questions like, when will I retire, where will I live and how much income do I need to live on. You will continue to accumulate wealth and protect and preserve what you have accumulated.