How to Build a Financial Plan (By Age)
How should your financial plan evolve as you age? The Financial Order of Operations shows you what to do with your next dollar, but life insurance, estate planning, and tax strategy require a deeper framework. Financial Advisors, Brian Preston and Bo Hanson, walk through the six core areas of financial planning and reveal what to prioritize in your 20s, 30s, 40s, 50s, and beyond to build lasting wealth in 2026.
This episode covers estate planning, budgeting, tax planning, and risk management across every decade of your wealth-building journey. From understanding why your 20s are about building the foundation with emergency funds and term life insurance to discovering how tax planning in your 40s can significantly impact your retirement outcomes through decisions like Roth conversions, we break down the framework that can help you own your time and live your great big beautiful tomorrow.
Timestamps
0:00 Introduction – Building a Financial Plan
1:17 Your 20s – Building the Foundation
5:30 Risk Management in Your 20s
8:15 Investment Planning in Your 20s
11:55 Your 30s – The Messy Middle
13:33 Estate Planning in Your 30s
15:35 Risk Management in Your 30s
17:51 Investment and Tax Planning in Your 30s
21:12 Your 40s – Top of the Mountain
22:16 Tax Planning in Your 40s
27:06 Retirement Planning in Your 40s
30:46 Your 50s and Beyond
31:38 Estate Planning in Your 50s
33:53 Retirement Planning in Your 50s
35:25 Bringing It All Together
🔗 Financial Order of Operations → https://moneyguy.com/guide/foo/
🔗 Estate Planning Ultimate Guide → https://moneyguy.com/guide/estate-planning/
🔗 How Much Should You Save? → https://moneyguy.com/resource/how-much-to-save/
🔗 Become a Client → https://moneyguy.com/become-a-client/
🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.
Jump start your journey with our FREE financial resources: https://moneyguy.com/resources/
Subscribe on YouTube for early access and go beyond the podcast: https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1
Connect with us on social media for more content: https://moneyguy.com/link-in-bio/
Take the relationship to the next level and become a client: https://moneyguy.com/become-a-client/
#WealthBuilding #PersonalFinance2026 #RetirementPlanning #FinancialFreedom
