In your 40's, consider the following points

Typical profile:

• Home mortgage manageable, have built up some equity
• Job or career well established
• Partner working
• Costs of family high
• Have life and income protection insurance
• Have an investment property or share portfolio
• Able to, but not contributing additional to Super
• Have some spare cash flow monthly

Depending on financial circumstance, risk profile and income, consider and take professional advice on the following:

Investments

Release home equity for investment in share or managed funds portfolio and set up regular savings contribution.

Review property investments

Review current property investment and decide if it suits your long term needs. If you have no property investment, research areas in City metros for minimal maintenance, good yield property.

Superannuation

Start salary sacrificing an extra 5% of your salary to Super but be aware of the government imposed limits each year.

Insurances

Your Life, trauma and income protection policies should be reviewed every three years to ensure they provide up to date benefits and also competitive premiums. Insurance benefit offerings change regularly and premiums can be significantly lower than the policies you currently hold. If you do not have personal insurance, do it now before health issues exclude you or the loadings become excessive.