Lifelong Financial Strategies: 25 Tips Over 25 Weeks

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Lifelong Financial Strategies: 25 Tips Over 25 Weeks

Aug 03, 2010

Board Consumer Advocate Initiative Promotes Financial Planning for Everyone

Washington, D.C., August 3, 2010 – Life is full of changes, and with each new phase of life comes new financial responsibilities, needs and goals. With that in mind, CFP Board’s Consumer Advocate program is starting a “25 Tips over 25 Weeks” initiative as a way to promote financial planning for all Americans during five key phases of their life and to help mark CFP Board’s 25th anniversary this year.

“Whether you are just starting out, experiencing your peak earning years, expanding your family or heading toward retirement, everyone can benefit from financial planning,” said Eleanor Blayney, CFP® and CFP Board’s Consumer Advocate.

This consumer education and awareness initiative will feature a series of relevant and timely tips and strategies for the five key milestone phases in a person’s life. Once a month – from August through December 2010 – CFP Board will release a multi-media packet of information to the public and the media. Each packet will include a press release, podcast and video. Information will be distributed as well to the 62,000 CFP® professionals across the country, posted online at, to the media, and through Twitter and Facebook.

The five stages that will be covered include:

Stage 1 – The Starting Out Years – August 23rd
Age range: 18-25 These are critical years, where your choices about education, employment, and debt management can have a major impact on your financial situation for decades to come.

Stage 2 - The Nesting Years – September 13th
Age range: 25-40 During this phase, you face important decisions about marriage, children, buying a home, and building a career. Understanding the financial implications of these decisions is critical to lifetime success.

Stage 3 – The Wealth Accumulation Years – October 11th
Age range: 40–55 This is usually the time you find yourself with more discretionary income. But there be may a lot of demands on that income. Advice is needed about college tuitions, helping elderly parents, catching up on retirement savings.

Stage 4 – The Prime Time Years – November 8th
Age range: 55-65 Retirement is coming into view: will it be a time of reinvention or a period of just getting by? Choices about lifestyle, spending, investing can make all the difference.

Stage 5 – The Reinvention Years – December 13th
Age range: 65 and over These can be the best years of life: new interests, part-time work or volunteer activity, travel, more time with family and friends. It all depends on good management of your financial resources.

“Financial planning isn’t just for the wealthy. It’s for everyone,” Blayney said. “In a world where people are more responsible than ever for their financial lives, it’s important that people understand the key things they need to do in each phase of their life.”

Eleanor on Twitter:

ABOUT CFP Board: The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® certificants and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. CFP Board currently authorizes more than 61,000 individuals to use these marks in the United States.

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CFP® - The Recognized Standard of Excellence in
Personal Financial Planning

Dan Drummond, Director of Public Relations
CFP Board
P: 202-379-2252


Stacy Dimakakos
P: 646-284-9417

Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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