Financial Life Cycle – What are the stages?
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Having a different financial planning strategy for different stages of one's life can help lay out in very simple words - investing for various tenures of one's life cycle.
Having a different financial planning strategy for different stages of one’s life can help lay out in very simple words – investing for various tenures of one’s life cycle.
There are six stages of Financial Life Cycle:
- Young Unmarried
- Young Married
- Married with young children
- Married with older children
- Pre-retirement
- Retirement
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