The 4 Investments Millennials Need to Make Before They Hit 40

Taking a long term view on your investments means having a strategy. As time ticks by Millennials should try to reach some key milestones. Here are the big 4 investments to make before you hit 40. If you've started a family you'll most likely need to invest in a new life insurance policy. This means doing an insurance audit and taking a look at your assets. It may be time to opt for a whole life policy rather than a short term plan to ensure you have long term benefits. The earlier you start saving for your children's education the more time those savings can have in the market. Earnings accrued over time come out tax free. A 529 plan can also be added to by family and friends. Ideally parents will be investing in their own care but if not it's probably a good idea to make the investment yourself. The younger your parents are when they buy a long term care policy, the cheaper it will be so it's worth having the discussion. Re-evaluating your over financial plan means taking a look at your macro situation. What is your mortgage status? How diversified is your portfolio? Is it time to refinance? Start documenting and prioritizing and get in touch with a financial planer if this project seems like an overwhelming one. It's important to make sure you're planning for a secure future.