Blog/Personal Finance

Financial Planning in Your 40s: Catching Up and Getting Ahead

FinWise Editorial TeamMarch 1, 202610 min read

Table of Contents

→Kids and College
→Career
→Conclusion

Max retirement contributions—catch-up starts at 50, but increase savings now if behind.


Kids and College


529 plans help, but do not fund college before retirement—kids can borrow for school; you cannot borrow for retirement.


Career


Invest in skills that maintain earning power.


Conclusion


Rebalance to your risk capacity as retirement nears.

40scatch-upcollege savingsretirement

Related Calculators