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10 Important Money Goals You Should Reach in Your 40s

Reaching age 40 is a big milestone. You’ve carved out a career, started a family, and might have even purchased your first home. For the most part, life is good and comfortable. However, one area you shouldn’t neglect at this time in your life is your financial health. It’s not a good idea to get too comfortable when it comes to your personal finances. Here are 10 goals you should work on by the time you reach your 40s.

1. Have a financial plan

Married couple, boring, family

Married couple, boring, family This is 40, and it’s time to get your financial life together | Universal Pictures

Before you can successfully reach any financial goal, you need to have a plan. If you haven’t created a clear financial plan, now is the time to devise one. Define your financial goals, and take steps toward achieving them. You can do this by making sure your plan includes short-, mid-, and long-term financial goals. However, make sure your goals are realistic, so you can increase your chances of sticking to your plan.

Also, consider working with a certified financial planner. They can help you create a plan that works best for you. Roughly 7 in 10 consumers said they have sought help from a certified financial planner, according to Certified Financial Planner Board of Standards research. Some of the top reasons for seeking help are retirement and savings.

Next: Time to engage, but not that kind of engagement.

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