Life Phases

Young adults growing their families and careers also need to focus on building their assets for the future. During this stage of life, insurance becomes crucial, as it can provide financial support for a spouse and children for many years.

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Arkansas’ 529 Plan is a tax-advantaged savings plan designed to make saving for college a reality. Funds from this plan can be used for more than just tuition; they can also cover books, supplies, some room and board costs, and other higher education expenses. Accounts can be opened with as little as $10 per month, and contributions can be made through automatic payroll deposits, making it an essential tool for growing families.

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Starting a 401(k) tax-deferred retirement plan is also especially important. Even modest contributions can accumulate significantly over time. As Albert Einstein said, “The greatest power in the universe is compounded interest!” Maximizing your 401(k) contributions during this phase of life makes sound financial sense.

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Our team will sit down with you to create a realistic roadmap to meet your financial goals.