What should be your financial goals when you get into 40's? Aditya Agarwal answers

economictimes.indiatimes.com:

«Yes, 40 is a great milestone. And I think some people often these days are saying 40 is a new 20 because with every generation, we are looking younger as we age right,» says Aditya Agarwal, Co-Founder, Wealthy.in.So 40, a very crucial age group where a few of us might be having a few of their financial goals almost round the corner and getting completed. And then you are looking at retirement or maybe if you are aware enough, you might have just started investing for retirement. But financially speaking, ideally, what kind of age group or what kind of space you should be in your 40s?Yes, 40 is a great milestone.

And I think some people often these days are saying 40 is a new 20 because with every generation, we are looking younger as we age right. But as you rightly said, it is an age where responsibilities are higher, like much higher compared to let us say even when you are 35. And, but good thing is that you are well set in career.

As you said, you probably have a very stable income, rising income right. So I think I would say that when you are 40, I think the first thing that you should look at if you are sort of celebrating your 40th birthday; first thing probably you should look at is that do you have adequate life insurance cover for yourself right. Because it is a time when your responsibilities are sort of set in stone because by this time you have kids, you have probably a house, if you are planning for it right.

And maybe there is an EMI going on it right and you have parents who are aging. So like there is a lot riding on you, whether you are an earning male, earning female like whatever you are, but you are at 40, there is a lot riding on you. So I think first thing to do is probably evaluate your life