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Turning 50 years old and your finances
Turning 50 makes many people look at life a little differently. For some reason, that half-century mark makes many people pause and either continue on in the same direction content and with conviction, or plot a whole new course. Whichever way you tend to lean, are you financially prepared?
There are many financial needs to think about when turning 50, from starting to look a little closer at retirement, to making sure that you are doing all the things in life that you have set out to do. You also may be looking even further down the road at whether your estate plans and insurance coverage are in order.
But before you do anything, stop for a moment. Don't even try to think about all of these situations at once. You've likely done a good job of planning for retirement so far, why not see if there aren't a couple of more things you can do to help ensure that you reach your goals?
The Big Picture
First things first - make sure your immediate goals are met and that you have enough emergency cash on hand to cover you for at least three months. Then, think about your list of "things to do before I turn 50" and go for it. If you've always wanted a sports car or a boat, you might want to establish a plan for making that happen in the very near future.
Did you know that at 50 you can make "catch-up contributions"
It's always important to consider your long-term goals. To learn more about how Edward Jones approaches your needs, contact Mark Grooters at 616-281-9026 or https://www.edwardjones.com/
and he will be happy to help you identify and prioritize your financial goals and track your progress toward achieving them.
Edward Jones - Mark Grooters: Financial Advisor