Financial advice in your 30s and 40s

With many people choosing to get married and/or have children later in life, your 30s and 40s are often the time when you start thinking about ‘settling down’.  

By now you’re probably well established in your career, which can help you afford a great lifestyle.

The big challenge is how to maintain that lifestyle when it comes time to take on more debt, or take time out of the workforce to raise a family.

What financial advice can do for you

A financial planner can help you get a clearer picture of your current financial position, so you know exactly where you stand. Better still, they can help you put strategies in place to prepare for the next phase of your life.

Some of the common ways a financial planner may be able to help include:

  • Managing your debts – helping you eliminate non-deductible debt and use deductible debt to grow wealth.
  • Upsizing the family home – helping you manage the cash flow impact of a new or bigger mortgage.
  • Preparing for children – putting a savings plan in place to help you manage the costs of raising and educating children.
  • Taking control of your super – ensuring your super accounts are consolidated and invested in a way that will meet your long-term goals, without paying unnecessary fees.
  • Protecting your lifestyle – reviewing any existing life insurance you have and making sure your income and dependents are protected if you become seriously ill or injured.

Not all of these strategies will apply to everyone. But the benefit of seeing a financial planner is that you can get personal advice that’s tailored to you – so you can be confident you’re doing what’s best for your future.  

Articles on Financial Wellbeing

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Important Information

Important Information

This article has been prepared by IMB Bank and contains general information only. It is not intended to be relied on as advice. It does not take into account your objectives, financial situation or needs. You should seek your own legal,  financial, taxation or other professional advice before you make any decisions about your business. Consider the relevant Terms and Conditions or Product Disclosure Statement and Target Market Determination available here before deciding whether to acquire any products or services offered by IMB Bank. Lending criteria, terms and conditions, fees and charges apply to IMB loan products.

IMB Financial Planners are Representatives of IMB Financial Planning Limited ABN 23 094 730 195 AFSL 234 660. IMB Financial Planning Limited is a wholly owned subsidiary of IMB Ltd trading as IMB Bank ABN 92 087 651 974. Australian Credit Licence/AFSL 237 391.