Personal finance milestones vary by age, but it’s important to start planning and taking action early on to achieve financial security and independence. Here are some key milestones to consider:

In your 20s: Start building an emergency fund, pay off high-interest debt, and establish a budget.

In your 30s: Focus on increasing your income, saving for a down payment on a home, and contributing to your retirement accounts.

In your 40s: Evaluate your life insurance needs, plan for your children’s college education, and review your investment portfolio.

In your 50s: Catch up on retirement savings by making catch-up contributions, consider downsizing your home, and evaluate the need for long-term care insurance.

In your 60s and beyond: Plan for required minimum distributions (RMDs) from retirement accounts, consider working part-time or starting a small business for additional income, and review your estate planning needs.

With ULIPINDIA, earn a passive income or active income now and start planning for your retirement.