As a starter, you may be establishing a career, starting a family, or buying your first home. Starters are focused on managing debt, protecting income, family health care and business planning.
This is your consolidation stage, where you may wish to achieve a comfortable lifestyle and begin thinking about your long-term future. This includes maintaing your lifestyle, protecting your investments, retirement goals, and long-term care planning.
With 20 or more years of retirement ahead of you, your prioties will depend on how well you have prepared. Your main concerns may be the protection of your assets, debt elimination, family health care, helping your children, retirement planning, business exit strategy, wills and trusts.
This is the time to indulge in hobbies or travel, enjoy time with family and friends and prepare for transferring your wealth. Your priorities may include asset protection, health care, aged care planning, inheritance tax mitigation, gifting to family, preservation of capital and estate planning.