Answer:
i) Developing retirement plan → Mid-thirties to forties
ii) Repaying student loan → Mid-twenties to thirties
iii) Education planning → Teenage years
iv) Updating retirement plan → Mid-forties to fifties
Step-by-step explanation:
The age brackets with specific financial planning need are;
a) Teenage years
b) Mid-twenties to thirties
c) Mid-thirties to forties
d) Mid-forties to fifties
The given common goals are;
i) Developing retirement plan
ii) Repaying student loan
iii) Education planning
iv) Updating retirement plan
The career focused education usually begins at the teenage years and therefore, education planning is to be paired with teenage years
At the mid-twenties to thirties most of the cost intensive higher education needed for a career should have been completed and just as one begins employment, the common goal is then repaying student loan
At the mid-thirties to forties, the way an individual's retirement is to look like is to be then planned towards and therefore, the common goal at the age bracket of mid-thirties to forties is developing retirement plans
The common goal of updating the developed retirement plans is then implemented from the mid-forties to fifties before retirement
