CFP Launches "25 Tips Over 25 Weeks" Consumer Financial Planning Initiative

Stage 3: The Wealth Accumulation Years on October 11 focuses on those ages 40 to 55 who find themselves with more discretionary income, but a lot more income demands such as college tuition, caring for elderly parents, and catching up on retirement savings.

Stage 4: The Prime Time Years on November 8 looks at people ages 55 to 65 who are approaching or have reached retirement age. This is a time where lifestyle choices, spending, and investing make a huge difference.

Stage 5: The Reinvention Years on December 13 points out how these can be the best years for people ages 65 and older. With good management of financial resources, this group can take on new interests such as traveling, volunteering, part-time work, and spending more time with family and friends.

"Financial planning isn't just for the wealthy. It's for everyone," Blayney said. "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 in each phase of their life."