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Ages 46–55Stage 8 of 11
Mid-Life
The Peak & Pivot
Catch-up contributions, business exit strategies, estate upgrades, and helping adult children.
The Peak & Pivot Years
Catch-Up Contributions (Age 50+)
At 50, the IRS allows extra contributions: +$7,500 to 401(k) and +$1,000 to IRAs annually. Max these out — you're in your peak earning years and every dollar compounds powerfully.
Business Exit Planning
Start a 5–10 year exit runway. Options: sell to a strategic buyer, management buyout, ESOP, or pass to family. Get a business valuation now so you can maximize sale price.
Revocable Living Trust
Upgrade from a basic will. A living trust keeps your assets out of probate (saving time and legal fees), maintains privacy, and gives you full control while alive.
Long-Term Care Insurance
Evaluate LTC insurance now while premiums are manageable. The average nursing home costs $100k+/year. A policy at 50 is 2–3x cheaper than waiting until 65.
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