Have you thought about your Financial Strategy? Every Nepali must read this

In celebration of CFP Board's 25 years, CFP Board's Consumer Advocate, Eleanor Blayney, CFP® rolled out a series of 25 relevant and timely tips and strategies for the five key milestone phases in a person's life. Presented in a multimedia format, tips were released each month from August to December 2010.

Stage 1 – The Starting Out Years

Age range: 18-25 These are critical years, where your choices about education, employment, and debt management can have a major impact on your financial situation for decades to come.

Stage 2 - The Nesting Years

Age range: 25-40 During this phase, you face important decisions about marriage, children, buying a home, and building a career. Understanding the financial implications of these decisions is critical to lifetime success.

Stage 3 – The Prime Time Years

Age range: 40–55 This is usually the time you find yourself with more discretionary income. But there may be a lot of demands on that income. Advice is needed about college tuitions, helping elderly parents, catching up on retirement savings.

Stage 4 – The Wealth Accumulation Years

Age range: 55-65 Retirement is coming into view: will it be a time of reinvention or a period of just getting by? Choices about lifestyle, spending, investing can make all the difference.

Stage 5 – The Reinvention Years

Age range: 65 and over These can be the best years of life: new interests, part-time work or volunteer activity, travel, more time with family and friends. It all depends on good management of your financial resources.

"Financial planning isn't just for the wealthy. It's for everyone," Blayney says. "In a world where people are more responsible than ever for their financial lives, it's important that people understand the key things they need to do in each phase of their life."

For more information, please visit Lets Make A Plan. ORG