First job. First house. First child. There will be many firsts as you begin your life journey. Though the future seems distant, now is the time to start thinking about what you wish to accomplish, and to plan accordingly.

Have you developed a plan that will help you start out on solid financial footing? How will you manage debt and the needs of supporting a family?

Your working years are your highest income-earning years. You will have many competing priorities. Think about protecting your family and assets while saving for retirement and other future goals, like a college education for your children.

Have you budgeted sufficient resources to finance and protect your desired lifestyle? How will you balance paying for your immediate needs while saving for your future goals?

Call it retirement, renaissance, or your third act. Whether you decide to kick back, or to turn a lifelong hobby into a business, you will need to think about how to efficiently turn your retirement savings into retirement income so that you can finance your new lifestyle. This is a time of life to enjoy the fruits of your labor and to plan for what you will leave behind.

What legacy would you like to leave? How will you transfer what you have to whom you want, when you want, the way you want?