7 Moves 40-Year-Olds Could Make For Their Future Retirement

BP Miller on Unsplash

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You’re in your 40s, are you enjoying the lifestyle you want? How does your net worth compare to others around your age? Don’t even bother comparing, it’s not worth it. What’s more important is to figure out if you’re on track for retirement or living the life you want. Are you headed toward your goals?

Regardless of where you’re at, there’s no better time to start making better financial decisions and smarter investments. Here are 7 moves you could make literally right now to set you and your family up for a potentially more prosperous future!

1. Get A Top Financial Advisor To Help You Manage Your Money

Now might be one of the best times to get on top of your finances with the economy being on a wild ride.

Obviously, there are no guarantees a professional will do better than you at managing your money. But if you have a portfolio size of over $50,000 (could be a combination of cash, stock, or other assets) getting a second opinion from a pro certainly can’t hurt. Even if you don’t need help picking investments, they can help you create a plan, maximize your Social Security, protect your assets and offer you peace of mind by ensuring you’re on the right track.

These days, there are no-cost online services that make it easier than ever to find trustworthy financial advisers in your area. For example, Wiser Advisor. You fill out a short questionnaire and are instantly matched with up to three local fiduciary financial advisers, all legally bound to work in your best interests.

The process only takes a few minutes, and in many cases you’ll be offered a free consultation.

Nothing to lose, lots to potentially gain: Take a minute and check it out right now.

2. Help Protect Your Your Family By Leaving Them Up With Millions

woman carrying a baby by the street during the day

Sai De Silva on Unsplash

We hate to think about it, but who would make the mortgage or rent payments if something were to happen to you? One of the smartest moves you can make is to help protect your family’s financial future. Many people underestimate how much money is needed to provide for their families after they die. This is why life insurance is very important.

The older you are, the more expensive life insurance becomes. And because today is the youngest you’ll ever be, there’s no better time than today to get a life insurance policy.

Plus, with Ladder, you can actually lock in your rate. As you age and your health declines, you’ll get to keep paying that same low premium.

Ladder offer’s term life insurance policies starting from as little as $4.95 a month, and you can complete the company’s application in 5 minutes. Ladder is 100% digital for coverage up to $3 million which means no medical exams or filling out paperwork! You’ll simply have to answer a few health questions as part of the online application.

Get your free quote from Ladder today and help ensure your family’s financial future is secure.

$4.95/month pricing is based on 20-year-old female, preferred plus rating with a 10 year term and $100,000 in coverage.

Ladder Insurance Services, LLC (CA license # OK22568; AR license #3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products.

3. Turn Some Of Your Home Equity Into A Lot Of Cash

If you have equity in your home, an option to get cash could be to turn some of  your home equity into a large pile of cash with a cash-out refinance. You could use the cash for virtually anything you want like paying off debt, making home improvements, whatever you want.

A cash-out refinance replaces your current home loan with a new bigger mortgage, allowing you to take advantage of the equity you’ve built up in your home and access the difference between the two mortgages (your current one and the new one) in cash. The cash you get can go toward virtually anything you want, such as home improvements, paying off debt or other purposes you have.

With New American Funding, you can check your mortgage cash-out refinance rates in just a few clicks!

New American Funding has funded $60 billions in home loans since 2010. You’ll need a credit score of 620 or higher to get approved with New American Funding.

Find out how much cash you might be able to get from New American Funding now by clicking right here!

New American Funding: NMLS#6606

4. This Might Sound Silly, But Art Might Be A Hugely Helpful Asset

When you think about investing you probably think about stocks and real estate. You might think that investing in fine art by the likes of Banksy and Andy Warhol is only an option for the ultra-rich. But not anymore.

Masterworks is an investment platform designed specifically for investing in contemporary artwork.

Why? Because, like a fine wine, a piece of fine art can get better — and more valuable — with time.

And maybe because, between 1995 and 2020, contemporary art has outperformed the S&P 500 by 174% — that’s nearly three times the returns — according to the Citi Global Art Market chart.

Masterworks is one of the first art investment platforms, and it’s available by invite only. (Don’t worry; we got you an invitation! skip the waitlist and sign up with Masterworks today) It lets you bypass the hard parts of art collecting, so you can just enjoy the rewards.

Here’s how it works:

  • The Masterworks research team watches the art markets to discover which types of works are going up in value.
  • Then it sends out an acquisition team to snatch up a piece and offers shares to member investors.
  • You select shares to buy (with no minimum investment), and Masterworks uses its proprietary data to help you tailor your portfolio based on your financial goals.
  • You can earn money by selling your shares to other Masterworks users, or hold onto them and earn your share of the proceeds when Masterworks sells the piece.

5. Your Homeowners Auto Insurance Bills Are Probably Too High, Here’s How You Might Reduce It In Minutes

When was the last time you checked your homeowners or auto insurance rate? Don’t you hate being ripped off! Insurance companies love when you’re lazy. You could be saving money! For many people, there are cheaper rates floating around but they just don’t know where to look. You may be able to save up to $947 a year with the company below.

With Liberty Mutual, you could customize your car and home insurance to save $947 a year. It takes just a couple of minutes to check your rate.

You could only save further with an online purchase discount and get rewarded for things like good driving behavior. There’s also a possible paperless policy discount and a pay-in-full discount.

Whether you’re looking for a better rate on home or auto insurance (or both), get a quote right now.