FINP047 5 common mistakes people make in their 40s (605 words)

This article highlights five of the most common financial mistakes people make when they’re aged in their 40s. It covers super, insurance, estate planning plus others. It recommends professional advice to help avoid them.

The 40s are, for many people, a critical decade for building wealth. Income is usually on the rise, but so are expenses such as mortgages and school fees. Juggling priorities can be a real challenge, and mistakes made in this stage of life can have a large bearing on the size of your future fortune.

Forewarned is forearmed, so if you’re entering or already amidst this decade of life, here are a few classic mistakes you don’t want to make.