25 – 35 Year Old
This stage of life is akin to the first round of a golf tournament, you can’t win the tournament but you can definitely lose it. In much the same way, you can’t set yourself up for retirement at this stage but you can definitely make decisions that can seriously impact upon ever achieving that goal in the future.
35 – 45 Year Old
A very busy time of life and the thought of retirement is the last thing on your mind. You are trying to work on your career, run a family for which the bills don’t stop, get on top of the mortgage and have a bit of fun as well.
45 – 55 Year Old
You are on top of the mortgage and are thinking what do I do know? This stage of life is akin to the third round of a golf tournament you need to get into a position to try and win the tournament, it’s getting serious. Your decisions at this stage will seriously impact upon whether you are going to get where you need to be.
55 – 65 Year Old
The thought of retirement is now a reality at the front of your thoughts it is a matter of “when” not “if”. You are winding down your career and maybe looking for less stressful avenues of work or focusing more on your interests, the kids have grown up and hopefully their the bills have stopped. This stage of life is akin to the fourth round of a golf tournament you are going down the “stretch”, it’s serious. Your decisions at this stage will seriously impact upon whether you are going to get where you need to be and there is no time for mistakes.
65+ Year Old
Retirement is now upon you. You have finished work and are focusing more on your interests, the kids have grown up and the grand kids are now the apple of your eye. Your decisions at this stage purely revolve around how you can get the most out of what you have got.
Running a business is very time consuming and has special factors that your employed friends don’t need to concern themselves with. Golden Rule – Protect What You Have got.