Managing your money at any stage in life

NEW HAVEN, Conn. (WTNH) – Planning for different stages of life can often be a difficult task, but this morning Chuck Cumello, President and CEO from Essex Financial stopped by our studio to break down managing your money no matter where you are in life.

After College

  • What should your focus be when you first graduate college?
  • Should you put off saving for retirement to pay off student loans? Should you do both?
  • Best tactics to pay off student loans quickly and efficiently.

Buying a House

  • What should people know when they are preparing to buy a house?
  • What advice do financial advisers give to their clients when they are thinking about making a big purchase?

Having Children

  • How do you know you are financially ready to have a child? Best practices for financially planning for your family.
  • How do you pay for your children’s college without bankrupting your family?
  • When do you need to start saving?
  • Should you prioritize college saving vs. retirement savings?
  • Should you take out loans for college tuition or retirement?

Retirement

  • When do you need to start saving?
  • What is the best investment strategy/vehicles for saving for retirement?
  • How do you know if a Roth IRA or a 401(K) is better for you?
  • How should someone thinking about retirement savings best prepare themselves for the growing cost of living?

For more information or to meet with a financial advisor head to Essex Financial 

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