- About Us
- Retirement Planning
- Investment Planning
- Estate Planning
- Life Goals
- Business Succession Planning
- Roth IRA Conversion
- The Planning Process
- Financial Glossary
Companies of Focus
- Lab Employees
Oil Company Employees
- Chevron Newsletters
- Chevron General Planning
- How Personality Can Affect Performance
- Addressing Financial Planning Issues - Back to Basics
- 11 Financial Resolutions for 2015
- Midyear Review
- 5 Risks To Your Retirement Savings
- Retiring From Chevron - The Risk You Didn't Realize
- A Retirement Savings Tool You Might Be Missing
- Planning for a Long Retirement
- Roth IRA Conversions - a Golden Opportunity
- Demystifying IRA Distributions
- Simplifying Your Retirement From Chevron
- Plan Today for Retirement Tomorrow
- Managing Your Cash Flow in Retirement
- Budgeting to Retire
- Investment Risk - There's No Escaping It!
- Lessons Learned from the Market
- The Folly of Market Timing
- Dollar Cost Averaging
- Budgeting the College Lifestyle
- Fitting College Funding Strategies into your Overall Picture
- Five Ways to Cover College Tuition
- Teaching Children About Money
- Checking Up On Your Estate Plan
- Prepare Your Estate Plan for Changes in Tax Rules
- Covering All Bases for Timely Estate Planning
- Determining the Need for Disability Income Insurance
- The Hidden Cost of Health Insurance
- The American Taxpayer Relief Act of 2012
- Get Yourself in Tip-Top Tax Shape
- Think Twice About Your ESIP
- Talking Taxes
- Year End Tax List
- How Inflation Affects You
- Now That The Election's All Over
- The Flows in Your Plan
- How to Handle a Financial Windfall
- Dealing with Restructuring
- The Costs of Living Longer
- Tech Company Employees
- Client Center
- Contact Us
Life Goals: Financial Essentials For Your 30s
Here are several financial steps you may want to consider taking right now:
1. Save for retirement.
401(k) and 403(b) plans through your employer allow you to invest funds, tax-deferred, in a painless and regular way.
Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to a 10% federal tax penalty.
2. Pay off consumer debt.
Paying off high-interest debt is the first way to begin saving. Pay off a credit card as soon as possible to avoid paying monthly interest.
3. Consider mutual funds.
Mutual funds can be a smart way to invest while minimizing the risks associated with owning individual stocks and bonds. Work with an advisor to find funds that match your needs and goals. For a free prospectus detailing risks, fees and expenses, call (800) 999-2559.
4. Analyze benefits from your employer.
Make sure that you're using your benefits to your advantage, including retirement plans, insurance, health coverage and even group discounts.
5. Write a Simple Will and a Living Will.
If you die without a Simple Will to distribute your property, your loved ones will be put in a difficult legal position. A Living Will can help them make medical decisions if you become seriously ill.
6. Review insurance needs.
Review your coverage for auto, life and disability insurance. Do you have enough coverage for yourself and your family in case of emergency?
7. Begin an education savings plan.
If you have children, or plan to, begin saving now for their education. With education costs soaring, starting early is important for building up a fund.
8. Anticipate housing needs.
Consider a separate savings plan to finance moving or expansion to accommodate a growing family or aging parents.
9. Name a guardian for your children.
Protect your children by legally naming the person responsible for them should you and your partner die.