Life-cycle investing

Defining goals, investing approach at life's milestones

People in the 45 to 60 age group are positive about retirement, but they also have immediate financial obligations like paying off their mortgage, saving for their children’s education and taking care of aged parents.
People in the 45 to 60 age group are positive about retirement, but they also have immediate financial obligations like paying off their mortgage, saving for their children’s education and taking care of aged parents. ST PHOTO: KUA CHEE SIONG

Our financial and investing needs and priorities evolve as we journey through life. The Sunday Times looks at those in the different life stages, with an emphasis on people aged 45 to 60.

Financial planning involves defining goals and priorities at each of life's milestones, while also consi-dering what to look out for and how to approach investments.

Financial experts say it is essential for people to review their financial plans regularly and make adjustments when necessary to meet changing concerns.

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A version of this article appeared in the print edition of The Sunday Times on July 07, 2019, with the headline 'Defining goals, investing approach at life's milestones'. Print Edition | Subscribe