Some people are primarily interested in accumulating wealth and raising a family.
Others are worried about their retirement and whether they have saved enough money to live comfortably throughout their retirement years. Still others are concerned about how they will effectively spend the money they have accumulated now that they are retired. Every adult fits into one of these financial life stages. These life stages are not defined in terms of age, but rather in terms of how close a person is to retirement. The first financial life stage is the Accumulation Stage.