Lifecycle of Wealth

Financial guidance for every season of life

We see many clients who are just getting started in the wealth creation and planning processes. Everyone has to start somewhere. Some of our clients are taking a first job while others are just realizing the importance of wealth management.

Regardless your age or wage, simply starting the wealth management process means you are starting to grow wealth and protect your future.

Here, our Taylor Wealth Solutions advisors break down some potential wealth management planning considerations for all seasons of life.

taylor-wealthplan20sPlanting the Seed – Your 20s.

In your 20’s, understandably, you may not consider retirement a priority. You may have just graduated or accepted that new job or perhaps you’ve been working for several years. Regardless, it’s not too early to start planting the seeds of your financial future.

Most likely, your employer offers a benefits package. There are several choices you can make today that may dramatically improve your retirement savings plan later in life. You may have also incurred school loans or other types of consumer debt while preparing for your career.

We can help you understand your options and establish your short and long term goals. Now is the time to develop your wealth building strategy for life.

Some important considerations include:

  • Protecting your long-term income potential through life and disability insurance.
  • Establishing your retirement savings plan.
  • Developing an investment allocation strategy.
  • Debt reduction plans that prepare you for the next phase in wealth creation.
  • Defining your long-term goals. What will retirement look like for you?

Nurturing Your Growth – 30s-40s


Most likely you’ve been steadily growing wealth through your retirement and benefits package for several years now. Taking advantage of all your financial opportunities is the key to long-term successes.

But, you may have also started a family, purchased a home or even made a career change or gone back to school. These fluctuations in life and your income stream can affect your long-term plans.

Some considerations for this phase of life include:

  • Appropriate life insurance for your growing family.
  • Evaluating your earlier benefits and retirement selections for your changing lifestyle.
  • Establishing a college savings plan, if necessary.
  • Ensuring that you are saving enough to meet your long-term goals.

In Full Bloom – 50s-60s

While you’ve been busy building your career, you’ve also been building wealth. With only a few years remaining before entering your well-deserved retirement, we can help you evaluate your wealth creation and management plan to ensure you are well on your way to a comfortable retirement.

Some considerations for this phase of life include:

  • Adjusting your investments and risk tolerance.
  • Managing, replacing, or discontinuing life and disability insurance policies to meet your changing needs.
  • Defining liquidity needs.
  • Developing a long-term care plan.
  • Ensuring that you are saving enough to meet your long-term goals.

Deeply Rooted in Your Future 60s+

taylor-distribution phaseReaching your well-earned retirement years is an exciting milestone for you and your family. All those years of hard work and discipline are finally paying off. But you also want to protect your hard-earned nest egg and preserve your legacy.

You are accustomed to your current lifestyle. To ensure you remain confident and comfortable well into the future, it’s important to remain focused on your wealth management plan.

Key considerations include:

  • Maintaining confidence during fluctuating markets.
  • Developing legacy and generational plans.
  • Considering charitable giving.
  • Understanding the impact of inflation on your fixed income.
  • Ensuring your insurance package and investments are in line with your risk tolerance.