Financial Roadmap: Save, Invest & Retire Strong

Age 20s–30s: Build the Foundation

• Save 20%+ of income (automate contributions).

• Build an emergency fund (6–12 months of expenses).

• Contribute at least $400/month into 401(k) using preferred Vanguard Investments: 50% ® VTI, 30% ® VGT, 20% ® VNQ.

• Start a Roth IRA if eligible.

•  Acquire a 30-year term life insurance policy up to $1M for yourself and your spouse.

• Buy reliable used cars, avoid lifestyle inflation, cut wasteful expenses.

• Invest in yourself: education, certifications, health.

Age 40s–50s: Accelerate & Protect

• Increase retirement contributions as income rises.

• Build multiple income streams (consulting, real estate, dividends).

• Maintain insurance: health, life, disability, umbrella, long-term care.

• Create RLT (Revocable Living Trust) & consider ILIT (Irrevocable Life Insurance Trust).

• Pay extra on mortgage; aim to be mortgage-free by retirement.

• Begin Roth conversions in lower tax years; maximize HSA contributions.

Age 55–62: Transition to Retirement

• Target retirement age of 55 or earlier, debt-free.

• Plan to take Social Security at 62.

• Finalize income streams (pensions, investments, real estate, consulting).

• Prioritize healthspan: exercise, nutrition, preventive care.

• Review estate documents; ensure RLT & ILIT in place.

• Plan a purpose-driven retirement: travel, volunteer, mentor.

Age 62+: Retirement Living & Legacy

• Live off multiple income streams with tax efficiency (Roth, RMDs, taxable accounts).

• Monitor Medicare & IRMAA surcharges.

• Keep insurance aligned with evolving needs.

• Pass assets tax-efficiently through trusts & updated beneficiaries.

• Educate family in financial literacy & legacy planning.

• Leave a legacy of values, wisdom, and financial stability.