Stages of Life Planning

• Just Starting Life - Age of Majority
• The Responsible Years - Age of Maturity
• All Grown Up - Age of Responsibility
• Approaching Retirement - Age of Reflection
• The Retirement Stage

JUST STARTING LIFE - AGE OF MAJORITY

If you are just starting out in life you are at the age of majority. Maybe you are a recent university graduate or just in your first or second job. At this age, youth and time is in your favour. Whether you are just entering adulthood or looking back fondly, your first years as an adult (generally 18 to 30), can be filled with exhilarating times. Idealism runs high. Opportunities and energy seem limitless. Acquiring big ticket items such as a car or house may be foremost on your mind.
However, the reality is that at this stage there are usually school related debts and other living expenses to consider. One other item that must never be ignored at this stage is your retirement. Though this may seem like decades away, it may mean the difference between retiring young and rich and retiring poor.

Now is the best time to start investing. Treat your future as a bill, just like rent. It must be paid each month without fail. As an investor, you should seek maximum capital appreciation and aggressive growth.

Call or come in and speak to an NCB Capital Markets Wealth Advisor about creating a plan to take advantage of your most productive years. For available products, you may also visit our investment solution.

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THE RESPONSIBLE YEARS – AGE OF MATURITY

The period from age 30 - 45 years old is considered by many to be a significant life event, your personal and professional responsibilities increase dramatically. Gone are the carefree days of youth. Increasingly, you may find yourself using phrases like “I still got it”, “I don’t look that old”, and “I certainly don’t feel that old”

You may marry, start a family, buy your first home and start the inevitable process of becoming your parents. From an investment planning perspective turning 30 usually mark the beginning of some serious consideration of what will happen to you in the future.

Your investment objective at this stage should be to achieve steady long term growth that will lead to your retirement. We are aware that major challenge you face is staying committed to saving for retirement. There is always a conflict between dealing with the needs of the moment and the needs of the future.

And this is where NCB Capital Markets comes in. We understand the many goals you have and can help you build an investment portfolio specific to each of your objectives.

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ALL GROWN UP – AGE OF RESPONSIBILITY

Between the age of 45 and 55, people are theoretically approaching the height of their careers and family development. Getting older is a mixed blessing. You may be at the peak of your earning potential and growing your personal possessions and wealth. On the other hand, your financial responsibilities may dramatically increase especially if you have college bound or college age children. You may find your financial situation significantly changed as a result of divorce, remarriage, career changes or anything else that can be considered under mid-life crisis. Although theoretically you may have more wealth, at this stage of your life, there is not much time left for you to plan for your retirement. If you have waiting until this time, you only have ten to twenty years left for retirement and although this may seem like a lot, it isn’t enough for successful retirement planning.

As an investor your primary portfolio objective should be current income with modest long-term growth.

Let a NCB Capital Markets Wealth Advisor show you how to achieve this investment objective. So while you focus on building your career, NCB Capital Markets will focus on protecting and growing your hard earned money.

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APPROACHING RETIREMENT - AGE OF REFLECTION

At age 55 until about 65 you are usually in the pre-retirement phase and have the “empty nest syndrome” to look forward to. You may be a little introspective, reflecting on what you have or haven’t accomplished. At this time you may become a little more philosophical and religious while taking a sobering look ahead to consider what you can still achieve.

Although you should have started long before, this is usually the time that most people seriously consider retirement planning. This is unfortunate, however, because the options are limited for those seeking to retire at 65 or before. However, with proper management of your resources however, by the time you get to this stage of life you should be in a good financial stead and your investment objective should be wealth management.

Your NCB Capital Markets Wealth advisor will take the time to understand your perspective and willing work with you to plan the right strategies.

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THE RETIREMENT STAGE

Now that you are over the age of 65 and have worked hard for your money, it’s time to let your money work hard for you. This is your time to shine and with good health, enjoy your retirement. Hopefully, you were wise in your investment choices and your nest egg is big enough to carry you through retirement.

You may want to travel, pursue your hobby and generally enjoy day to day living. You may also wish to leave a legacy for your children and grandchildren.

This is why it is important that you guard and grow the substantial asset base that you have accumulated over the years. You cannot afford to stop your retirement planning just because you have retired or are near retirement.

As with any other life cycle stage, various life events may occur that can cause personal and financial hardship such as Health issues may develop, a retiree’s children or parents may require financial help, the economy may change drastically and turn a comfortable retirement into a Spartan lifestyle.

In making your investment decisions at this stage of your life your primary portfolio objective is to have income and capital preservation.  NCB Capital Markets is here to work with you to set up a portfolio that addresses your concerns and objectives. With our guidance you will be able to maximize returns and minimize your exposure to inflation, devaluation and taxes. Call or visit us today.

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