You’ve found the career in your field and look for ways to get ahead. You’re setting your long-range goals and understand the need for financial planning.
A key part of managing your career is making yourself more visible and valuable.
- Expand Your Skill Set and Gain More Experience
The more you know the more valuable you are to your company and the more risk there is if you leave.
- Education Helps You Stay Current and Marketable
Know the trends in your industry. If you’re on the cutting edge, you’ll have more opportunities in the future.
The best way to prove your performance is through documentation. Keep all performance reviews, emails or letters complimenting your performance, and record major accomplishments.
Resist the urge to up your lifestyle as your salary increases. Financial planning can help evaluate where you are now with your goals for the next five years. Imagine what would happen if you were injured and couldn’t work. Permanent life insurance and disability insurance may help address the unexpected risks on your path to success.
Retirement isn’t about leaving your career. It’s about enjoying your freedom and working towards the goals you’re setting for yourself right now. Saving for retirement is an integral part of your financial planning.
Are there holes in your retirement planning? Do you need an IRA? What role does life insurance play? You’ll have choices to make as your retirement plan begins to develop.
You’ve earned your current success, now you need to protect it. Financial planning includes protection and savings. Insurance is an integral part of financial planning. It provides protection against life events that could impact your goals and may include:
Financial planning isn’t just about paying the bills. It's understanding each area of your financial life can have an impact on your goals. Personal financial planning and guidance with Northwestern Mutual will help you understand these interrelationships, and their importance, as you build your dreams and work to achieve your goals.