Sarasota-Manatee experts: Where you should be financially by age 40

Author: , Post Date: July 17, 2019

Excerpt from the Sarasota Herald Tribune

Sarasota-Manatee experts: Where you should be financially by age 40
07/16/2019 by Dale White


Financial advisers offer tips for Generation X.

Known as Generation X, individuals in their late 30s to early 50s are at a stage in life in which they may have to care for others more than themselves. They could have a child in or about to enter college. They may have an aging parent who requires time and attention.

Their own financial security can be easily postponed. Yet should it be, especially if they want to build a nest egg over several decades that could secure them a comfortable retirement?

The Herald-Tribune asked Evan Guido of Aksala Wealth Advisors, Matthew McAleer of Cumberland Advisors and Micah Keel of oXYGen Financial to share what recommendations they would give a 40-year-old individual or couple regarding their current and future investment plans.

Questions asked:

  • -What should an individual or a married couple do by the age of 40 in terms of saving and investing if that person or couple wants a comfortable retirement at age 65?
  • –If a 40-year-old has not prudently invested during his or her adult years so far, should that person invest aggressively in an effort to make up for lost time?
  • How can the 40-year-old prioritize saving for his or her future when at an age when one or more children may need help with college tuition, or an elderly parent may need assistance with medical or other expenses?
  • -How should that 40-year-old’s investment portfolio change over the course of the next 25 years?

Read the full article to see Matt’s answers as well as others at the Sarasota Herald-Tribune

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