Age 50+ Planning

Ideal time for taking decisive action and moving with intention to plan your future.

Steps to achieve your personal retirement dreams.

Retirement may still be 15-20 years away, but your 50s are the ideal time for taking decisive action. When you know what to prioritize, you can confidently answer the big questions:

What should I do now?
How much will I need?
Am I on track?
What are my blind spots?

Playbook Priorities for Successful Planning in Your 50s:

  • Live strategically with an intentional spending plan.
  • Live within your means and eliminate high-interest debt.
  • Save for the short term (emergencies and near-term goals).
  • Invest for the long term (retirement).
  • Protect your family with estate planning and appropriate insurance.
  • Partner with a financial advisor and build a written plan.

Estate Essentials

Just as sports teams have a succession plan, you need to direct who gets what and who handles decisions when you can't.

Communicate Your Wishes: Protect your family by communicating your wishes clearly.
POA & Health Care Proxy: Empower someone you trust to act for you.
Beneficiary Designations: Update TOD (Transfer on Death) and POD (Pay on Death) on all investment and bank accounts.
Successful retirement planning

"It is not about timing the market, but time IN the market."

Spend with Intention

The "Bucket" Plan

Your spending plan enables you to track your expenses while saving and planning for your future retirement. You may have heard of the old-fashioned envelope system. Today, a simplified approach is to set up four separate bank accounts (buckets) and automate your paycheck deposits into those four buckets.

By automating these flows, you ensure that your priorities—savings, giving, and retirement—are handled before the living expenses can consume the remainder.

Recommended Allocations

60%

Living / Operating

Fixed costs and day-to-day lifestyle

10%

Savings

Short-term & long-term goals

20%

All Retirement

Including your company match

10%

Charitable Giving

Supporting your community

Ready to get started?

Let us create a custom investment plan.

(941) 483-3600 Request Appointment

Important Disclosure

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Ferris Wheel Finance, Inc. and our editorial staff. Material presented is believed to be from reliable sources; however we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Advisory services are offered by Ferris Wheel Finance, Inc., a Registered Investment Advisor in the State of Florida. Ferris Wheel Finance, Inc., is not affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the State of Florida or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions.