They include wealth protection wealth accumulation and wealth distribution. Old pre retirement 3 to 6 years before retirement retirement 60 to 66 yrs.

Product Lifecycle Management Nicatech Technologies Management Infographic School Humor Management

What are the stages of an individual s financial life cycle.

Financial life cycle of an individual. There is the accumulation of wealth growing or managing wealth preserving and protecting wealth and transferring wealth. Early career 25 to 35 yrs. There are four stages to an individual s financial life cycle.

The three stages of wealth management are spread out over the five stages of the financial life cycle. Old peak accumulation 50 to 60 yrs. Within your financial life cycle there are five distinct phases.

Your financial life cycle stages asset accumulation. The wealth protection phase of a person s life should take place at the same time as the asset. I will touch on these topics lightly and will include a link to another more comprehensive resource later on.

Each phase of the cycle overlaps and needs to be managed using a comprehensive approach. Old together these five phases span your entire financial life. Old career development 35 to 50 yrs.

Ideally people will start to accumulate assets immediately after they start working.