When to review your plan

If you’re at this stage of life Your financial goals may include
Post-secondary and early career years
You may be getting training, going to college or university, starting a career, or maybe finding a life partner. Spending is often greater than income.
  • Paying for post-secondary education
  • Buying consumer items (car, home furnishings)
  • Building up savings
  • Paying off debt
  • Building a good credit history
Family and career-building years
You may change jobs to enhance your career. Your income usually rises during these years. You may also start a family, and want to save for your children’s education.
The pre-retirement years
Your expenses may start to go down, and savings can really start to build. If you have kids, you may help pay for some of their costs, like education or a first home.​
  • Paying off mortgageMortgage A loan that you get to pay for a home or other property. Often the loan is for 20 years or more. You make a set number of payments for a set amount each year.+ read full definition and all other debt
  • Reducing taxes
  • Growing retirement savings
  • Sending your kids to college or university
  • Starting a new business
  • Planning your retirement lifestyle​​
Early retirement years
You may want to work less and pursue interests like travel, volunteer work or part-time work.
  • Starting a new business
  • Turning your retirement savings and pensionPension A steady income you get after you retire. Some pensions pay you a fixed amount for life. Others save up money for you while you are working. You use that money to create income after you retire.+ read full definition into income
  • Managing taxes
  • Managing your retirement savings so they’ll last
  • Updating your will
Later retirement years
You may become less mobile, and may need to take care of health problems.


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