Congratulations, you are deemed an adult and have a big world staring you in the face, now what?
At this point you may find yourself with a family. If you have not met with a financial professional, now would be a great time. You may wish to “interview” a few to make sure you find one that you’re comfortable with.
By now you are probably amazed at how little you knew at 18, 24 & 30(lol), and you are realizing how much more you could learn in life. I believe a person can always learn more. When you think you know everything it is because you don’t know what you don’t know.
Over the hill? I think not! This is where the fun begins. Btw, how are the grandkids? At this point the average investor has three different investment firms they work with. I would encourage you to have one financial professional that you use as a point-guard that knows what you have and where.
At this point, many investors start considering reducing their number of brokerage accounts down for ease of management. They might consider reducing the size of their home/yard for the same reason (smiling). Maybe a maintenance free condo?
And yet another magic number for the government. By now you have most-likely chosen one financial professional to handle all of your investment accounts. It generally provides for ease of management in Required Minimum Distributions (RMD’s).
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