Mid-Life Accumulators are in the accumulation phase of the investment planning process. From here, income starts to rise and investable assets start to accumulate. But expenses start to rise through establishment of a family, purchase of homes, and care and education of children.
As a Mid-Life Accumulator, you may encounter a few of the considerations below:
- Am I saving enough for retirement?
- Will my family be adequately covered if something happens to me?
- Is my portfolio allocated appropriately? Is it too aggressive or too conservative?
- Do I need to continue to pay down debt? Or should I increase my savings contributions?
- How can I create a savings plan, particularly when I have existing debt and future expenses I have to pay off?
- Do I need a budget? And how do I set one up?
- I am going through a divorce. What financial measures should I take?
- How should I invest my 401(k)? And what other retirement plans can I participate in?
- How can I afford to pay for my children’s education?
At JT Stratford, we have a more collaborative style of client relationship. Through our virtual advisory platform, we can aggregate all of your financial accounts, including your bank accounts, credit cards, brokerage accounts, insurance policies and even real estate. This helps you gain a better understanding of your overall financial position, which can help address these concerns.
It only takes a few seconds to add your accounts and once it’s established, you can gain insights into your goals, investments, risk management, net worth, insurance needs and liquidity. You can even perform monthly cash flow analysis and assess your performance.