How to manage your money in your 40s, according to CFPs: As your investments grow, 'mistakes can get bigger' too
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Certified financial planners recommend four steps for managing money in your 40s. First, open a taxable brokerage account to have flexibility in investing for short-term goals. Second, evaluate your investments and ensure they are positioned correctly as mistakes can have bigger consequences as portfolios grow. Third, check your insurance coverage, including life insurance and personal umbrella liability insurance. Finally, resist lifestyle inflation and find a balance between wants and needs to save for the future.

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https://www.cnbc.com/2024/04/16/how-to-manage-your-money-in-your-40s-according-to-cfps.html