This phase of life is often signalled by a new set of challenges and opportunities, such as downsizing your home, relocating to a new area, financially helping your children, re-assessing your household budget, returning to work, considering a career change or choosing to upskill in your current career path.
Now is a good time to take stock of your situation and look to:
Put in place a strategy to prepare for retirement;
Either reduce or eliminate your mortgage;
Set aside both time and money to pursue things like hobbies or travel;
Re-focus your household budget toward building future wealth.
Consulting a professional adviser can help you to set your priorities and future goals straight so that you can plan to achieve them in the most effective manner for your situation and timeframe.