Financial Life-Stage Milestones

When it comes to financial planning, key stages in our life help us to set the course for your financial future. Watch the video here or read the transcriptions below.

Throughout our lives, we look forward to reaching notable milestones that mark significant life events. When it comes to financial planning, these key stages in our life help us to set the course for your financial future.

Knowing what financial milestones to hit and when will help you to prepare and plan accordingly.

Starting to work – it is time to get control of your insurances. Choosing the right type and the right amount of insurance can help to make sure that if anything were to happen to you that stopped you earning an income, you and your loved ones would be looked after financially.

In your 30’s – buy a home and get control of your mortgage. Buying your first home is one of the biggest financial decisions you’ll make in your life. Take the time to secure a home loan that meets your needs.

Age 45 – get control of your super

What you save and invest during this time could have huge implications on the quality of life you will have during your retirement years. At this stage, you want to get control of your superannuation and investments. An early start makes all the difference later on.

Age 55 – own your home and be mortgage free.  With around 10 years to go before retirement, you want to plan to have your home paid off. This increases your financial flexibility and opens up choices later on should working conditions change.

Age 65– have enough to retire on. As your working years come to an end, this is the time that your income generally stops and you are reliant on your savings or the government to live. Planning far in advance is important.

If you find these numbers intimidating, you’re not alone.

Only one in five people over the age of 40 have any real idea how their retirement will work financially.  Source: 2011 Retirement Income Report, Investment Trends

So if you do your numbers – if you work out what you need – you’ll already be ahead.

Whichever stage you are at and however your life changes, setting out a financial plan can work with you, throughout your life, to help you realise your dreams.

To book a free initial consultation with a Blueprint Wealth financial advisor, contact us today.


This video contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. If you decide to purchase or vary a financial product, your financial adviser, AMP Financial Planning Pty Limited and other companies within the AMP Group may receive fees and other benefits. The fees will be a dollar amount and/or a percentage of either the premium you pay or the value of your investment. Please contact Blueprint Wealth on (08) 9423 0300 if you would like more information.