Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
Call Today For A Free Initial Consultation

Financing in Your 40s

For someone in their 40s, at this point in life they should have all student debt paid off and credit card debt cleared. Life earnings may increase, which means we should be adding more to our savings for the future of not only ourselves but our children or dependents. This should all be a part of financial management in our 40s, along with continuing to grow funds.

1. Keep saving for retirement should remain high on your to-do list. If you have kids, then saving for their college tuition seems like the most important thing at the moment. However, that should only be considered if all your debts are paid off and saving for retirement is on track. To add more funds to your savings, some freelance work is a good thing to do on the side in order to have money when you do stop working.

2. Focus on investments for the future. When investing during this point in your life, it is important to be goal and time orientated with what you are in investing in. Make sure that investments that are closer to the present time, such as children going to college, are more conservative than goals that are more down the road, like retirement.

3. Spend your money, as long as you are financial stable. During our 40s, we feel we have more money than ever before and sometimes we want to go buy that dream vacation we always wanted or to buy a boat. That is all acceptable, but only if you have you finances sorted. Keep the future in mind and plan out what you need to afford. A balance of saving and splurging is key. If you keep up that mentality and practice in life, then by all means take that trip!

Saving money should constantly be a priority in everyone's life no matter what age we are at. Sometimes even in our older age we still struggle to budget our savings and spending. If you feel that you are struggling with financial balance, and are overwhelmed with debt, do not hesitate to contact an attorney who can guide you on a financially stable life.

Work Cited:

3 Crucial Money To-Dos for Every Decade of Life (The Huffington Post)

By: , LearnVest. http://www.huffingtonpost.com/learnvest/3-important-money-todos-f_b_6075662.html?utm_hp_ref=money&ir=Money

No Comments

Leave a comment
Comment Information
  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
More Testimonials
Email Us Today

Schedule A Free Initial Consultation To talk to an experienced Tampa bankruptcy attorney, call 877-492-7449 or fill out the form. All calls are returned within 24 hours.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We Have Offices in Tampa, Riverview and Brandon For Your Convenience.

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions