Life Stages

A Canadian Financial Journey — From Adulthood to Legacy

Financial planning is not a single event. It evolves alongside life’s milestones. Below is a typical financial journey many Canadians experience — and the planning considerations that often arise along the way.

10th

Experience

Ages 18–25: Starting Out

Common Milestones

✅ First income

✅ First credit card

✅ Post-secondary education or workforce entry

Financial Considerations

✅ Budgeting basics

✅ Understanding credit

✅ Managing student debt

✅ Beginning an emergency fund

10th

Experience

Ages 25–35: Building Independence

Common Milestones

✅ Career growth

✅ Marriage or partnership

✅ First home purchase

✅ Starting a family

Financial Considerations

✅ Cash flow planning

✅ Early retirement awareness

✅ Insurance needs

✅ Education planning for children

✅ Mortgage decisions

10th

Experience

Ages 35–50: Growth & Complexity

Common Milestones

✅ Career peak years

✅ Business ownership

✅ Growing family responsibilities

Financial Considerations

✅ Investment strategy alignment

✅ Tax efficiency

✅ Risk management

✅ Balancing competing priorities

10th

Experience

Ages 50–65: Preparing for Retirement

Common Milestones

✅ Children becoming independent

✅ Mortgage payoff

✅ Retirement timeline planning

Financial Considerations

✅ Government benefits awareness

✅ Debt reduction strategies

✅ Estate planning updates

✅ Retirement income planning

10th

Experience

65+: Retirement & Legacy

Common Milestones

✅ Retirement

✅ Lifestyle transitions

✅ Estate planning finalization

Financial Considerations

✅ Income sustainability

✅ Estate and legacy clarity

✅ Tax efficiency in retirement

✅ Charitable planning (if applicable)

10th

Experience

Why Life Transitions Matter

Planning ahead — and adjusting when life changes — can help reduce stress and improve confidence at every stage.

Life changes. Your financial plan should adapt with you. Let’s review where you are at and discuss your current life stage.

At Pryce Financial, we believe every Canadian deserves a clear, simple, and personalized path toward financial security.

Contacts

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Address

2ab-27 Manitou Dr Kitchener, ON N2C 1K9

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Call Us

(519) 804-2400 / +1 (519) 841-6446

Disclaimer

In Canada, World Financial Group Insurance Agency of Canada INC. (WFGIAC), which offers life insurance and segregated funds.

WFG Securities Inc. (WFGS), which offers mutual funds.

WFGIAC and WFGS are affiliated companies.

Headquarters: 5000 Yonge Street, Suite 800, Toronto, ON M2N 7E9. Phone: 416.225.2121

3322362

June 2024