LifeMap
While you're all business when it comes to your kids' future, you still dream about a romantic getaway with your better half. Not to mention the ultimate reward: a safe, comfortable retirement.
Be ready for tomorrow
Check out the portfolios below and see how to make the Family Planner's goals work for you.
A Life Map shows how a successful investor meets goals with different portfolios based on their unique circumstances.
Goal:
Kid's College
Amount: $80,000
Time Frame: 10 Years
Initial Amount: $5K
Contributions: $600/mo
Risk Tolerance: Go For Gain, I'll Take The Pain
Goal:
Second Honeymoon
Amount: $10,000
Time Frame: 8 Years
Initial Amount: $0
Contributions: $110/mo
Risk Tolerance: Don't Want To Lose What I Have
Goal:
Comfy Retirement
Amount: $750,000
Time Frame: 25 Years
Initial Amount: $25K
Contributions: $2K/mo
Risk Tolerance: Win Big, Lose Big
EDUCATION IS EXPENSIVE. When you need to make a lot out of what you have today, you also need to be a bit bolder when it comes to risk. Start with a generous amount, give it a decade to mature, and tend to it with monthly payments you can afford.
ONCE MORE WITH FEELING. Life’s a whole lot nicer with something to look forward to, especially when you don’t need a chunk of cash to get started. Just set aside a modest amount each year in addition to a fair amount of time for your low-risk fund to grow.
CALLIN' IT QUITS. When retirement is still a good ways beyond the horizon, you can afford to take a few risks. All it takes is a fair amount to get started, reasonable monthly contributions, and a nice long time for it to simmer into security.
