Set Retirement Goals
June 6, 2024
If you are entering or still preparing for retirement, it is important to consider exactly what you want to get out of your golden years. It is great to talk about dreams or create a “bucket list,” but having a set plan of what you hope to do in retirement – be it traveling, moving to a new location, setting up a legacy, etc. – will help you to build a financial plan that operates with those goals in mind.
These tips1 can help you balance your retirement hopes and dreams with actions you can take right now to work towards those end goals:
- Sticking to a plan: By setting goals early, you are motivated to take action sooner in order to work towards them. Early action can also allow you more options since there is time to spare.
- What is your “WHY?”: For each goal you have, what is your personal purpose for it? This will help with prioritizing your goals and decisions you make.
- Do the math: It is tough to anticipate economic and market changes, but keeping a finger on the pulse of both current and expected future earnings and expenses will help with decision making.
- Be SMART: Set goals that are specific, measurable, achievable, results-focused, and time-sensitive.
Whether you are winding down on your working career or still have years before you see yourself in retirement, the best way to end up where you want to be is to build a firm picture of where you want to go.
Contact us and schedule your complimentary consultation. We can show you ways to align your ambitions with information and strategies that can help build toward the retirement you deserve!
1. https://www.westernsouthern.com/retirement/how-to-set-retirement-goals