As we go through life we go through different stages of the financial life cycle, often with life events that occur during each cycle. Which stage would a 24-year-old college graduate most likely be in and what life events typically occur during that stage? This person will typically be in Stage 4, which is characterized by investment and retirement. This person is firmly in Stage 2, which is characterized by family maturity, insurance planning, and investments. This person is in Stage 3 while managing debt and estate planning. This person will typically be in Stage 1, which is characterized by young adult, family formation, and family development life events