- 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 2011
- 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 40s
Here are several financial steps you may want to consider taking right now:
1. Diversify investments.
Expand your investment options to provide a mix of higher-return and more secure investments according to your plans for retirement.
Diversification may help reduce, but cannot eliminate, risk of investment losses. Historical performance relative to risk and return points to, but does not guarantee, the same relationship for future performance. There is no assurance that by assuming more risk, you are guaranteed to achieve better results.
2. Develop an estate plan.
A plan for your property and assets can help ensure that more of the earnings you've accumulated will go to your children or beneficiaries.
3. Review your Will.
Changes in your family or other circumstances make it important to regularly review your plans for your property and your medical care.
4. Re-evaluate insurance needs.
Review your coverage for auto, life, universal liability and disability insurance. Can you save money by choosing a higher deductible?
5. Analyze employer benefits.
Make sure that you're using your benefits to your advantage, including retirement plans, insurance, health coverage and even group discounts.
6. Review business agreements and transfer plans.
If you have a business, you need to plan for a fair and predictable transfer of your business should you die or wish to move on.
7. Continue to build education funds.
Anticipate the cost of higher education for your children and evaluate your plans for building a fund to pay for their education.
8. Investigate a trust.
Planning now to establish trusts for your children or loved ones can be a way to pass along their inheritance with less of a tax burden.