Five Stages of Your Financial Life

Navigate the Five Financial Life Stages below. Consider your wealth confidence as you assess your progress. Next, evaluate the benefit of making these important financial decisions with a FirstWave Financial™ WealthCoach™ backing you along the way.

Where are you in your financial journey?

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Stage 1
Young Adulthood
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Stage 2
Middle Adulthood
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Stage 3
Peak Earning Years

Stage 4
Financial Independence
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Stage 5
Later In Life

FWF-Young-Adulthood-01Stage 1

Young Adulthood

You are just starting your career, getting married, starting a family, and buying a house. You have mostly outflow and debt incurrence. You are starting to save money.

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Middle Adulthood

You have established a career, children are getting older, the mortgage has been significantly paid down. You are saving for retirement and your children’s college education.

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Peak Earning Years

Your children are out of the house, you have big savings for retirement, your mortgage is paid off or close to it, you have bought that nice car or boat, you do some traveling.

Stage 4

Financial Independence

You choose if you want to work or not. You do the things you want to do when you want to do them.

FWF-Later-In-Life-01Stage 5

Later In Life

You may be considering moving to a retirement community or assisted living. You may be utilizing long term care policies. You enjoy sharing your wisdom and your wealth with the next generation.