Financial planning tips for folks in their 40s

Each person will have unique financial goals in their 40s, which will depend on many factors, like lifestyle, salary, and acquired assets.

[{"selector":"#anim-761f211a-a0e8-4820-9293-3acb9d8b164d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-da55261e-9b8d-4a7f-a085-13d6d1cc56e1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Invest in Physical and Mental Health

[{"selector":"#anim-5a9981e6-a2bd-4abc-b770-f92bbb62b575","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1cb86e42-9974-4a60-9012-4da99cb177d4","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Healthcare can be one of the biggest expenses a person faces, so it pays to take care of yourself. Learn more

At age 40, many people decide now is the right time to start saving for retirement.

[{"selector":"#anim-0c11b3d7-49af-4a6f-b0a6-b490cc490e98","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-bae345ec-7e8d-40bc-9335-eef6fb23a1b3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Medium Brush Stroke Learn more

Plan for Children’s Expenses

[{"selector":"#anim-ca82cbf1-dbe7-4bc6-83f2-f4d67d48d4e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-67046ea0-186a-4a15-9e42-613973e0138f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] It can be a shock when you realize that your baby is suddenly heading to college, and the cost of paying for their education may be an even greater surprise. Learn more

Choose or Revisit Insurance Plans

[{"selector":"#anim-b1c8acd4-7cae-4a04-9fc0-90a30f511ac0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02190398-07bf-40f8-babb-08fee73d684c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] In addition to health insurance mentioned above, your 40s can be a good time to consider disability insurance. Medium Brush Stroke Learn more

SWIPE UP NOW TO READ MORE!

[{"selector":"#anim-df55d235-c195-4604-8c9d-676d5e3f216d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-871b36d7-3aae-4d8b-9826-4ad27e2e1419","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

[{"selector":"#anim-4871c13d-3965-4011-a31d-8b942b1fe295","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4c1f135-9dbe-4fad-b76c-3dc7ca5603eb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-02e590c8-e209-4719-8730-f7d715223667","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-73232188-6834-471c-ba69-5867a77fa48f","keyframes":{"transform":["translate3d(0px, 99.16371%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Insomnia after surgery? Here’s how to deal with it 5 true & terrifying cases of medical identity fraud