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Investment goals rarely remain stagnant.
Just as other priorities and aspirations evolve as we age, ourinvestment goalschange, too.
The important thing is that your investment plans grow with you.
Lets look at our list of the No.
1 investment goals for each decade of your life.
Since this decade is likely the start of earning significant money, its time to begin your investment journey.
Youll want to focus on high-growth investments.
If you dont have kids, consider contributing to a health savings account (HSA) or traditional IRA.
This is also when many people purchase their first homes and start a family.
Youre likely making more money in your forties, and how much youre paying in taxes reflects this.
By contributing to tax-advantaged accounts, you canlower your taxable incomeand pay less tax to the government.
Reducing risk usually makes more sense as the remaining time to weather business cycles is declining.
Estate planning also becomes a necessity at this point.
You want to spend these decades making more conservative investments.
Consider annuities, CDs or Treasury bills during these years.
If they have done this properly, they should have their retirement nest egg saved up at this point.
Now is the time to limit risks and work towards lower-risk growth.
These can be great tools to help reduce risk and diversify a portfolio.
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