Our financial needs, priorities, and goals tend to change as we progress through different phases of our lives. For example, when we are fresh in the job market in our 20s, we may be focused on paying off university loans, and saving up for our wedding and first home. Young investors also have a longer time horizon to take on riskier strategies. In contrast, when we are approaching retirement, the focus shifts to wealth preservation. Our investment strategy at this age tends to become more conservative. Life-stage investing therefore involves tailoring your investment strategy to each stage of your life. Why is life-stage investing important? Life-stage investing enables you to establish a sound financial footing so that you can pursue and attain your aspirations. Looking ahead and planning for the next life stage will give you a better idea of how much you need to save and invest, as...