Retirement Goals: How Specific Do You Want Them?

Setting retirement goals can be a challenge. Even if you think you know what you want, you might change. As a result, being too rigid with goal setting can potentially lead you down the wrong path.

Granted, some goals for retirement are critical. We want you to have enough resources (income and assets, for instance) to provide for essential needs. We also want some extra for “wants” in retirement. But when we get too specific about predicting the future, it might be problematic.

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That might be welcome news to those who say “I have no retirement goals.” If that’s the case, the main priority might be to focus on being financially comfortable while exploring ways to keep sound mental and physical health during your retirement years.

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So, go ahead and set goals if you have a clear vision and you’re confident in that view, but leave room for some change. And if you’re struggling with retirement goals, that’s probably okay. Work on fleshing things out as you move through the next chapter.

More Information:
The End of History Illusion:    • How much will you change in the futur...  
When Things Fall Apart by Pema Chodron
Anti-Goals: https://www.refinery29.com/en-us/what...

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CHAPTERS:
00:00 Do You Need Goals or Options?
01:44 End of History Illusion
04:40 Permission to Not Have Goals
07:36 Anti-Goals
08:44 Need for Purpose, Activity, Connection, Etc.

IMPORTANT:
It's impossible to cover everything you need to know in a video like this. The only thing that's certain is that you need more information than this. Always consult with a CPA before making decisions or filing a tax return. This is general information and entertainment, and is not created with any knowledge of your circumstances. As a result, you need to speak with your own tax, legal, and financial professional who is familiar with your details. This video is not a substitute for individualized, personal advice. Please verify with your plan administrator when employer plans are involved. This information may have errors or omissions, may be outdated, or may not be applicable to your situation. Investments are not bank guaranteed and may lose money. Opinions expressed are as of the date of the recording and are subject to change. “Likes” should not be considered a positive reflection of the investment advisory services offered by Approach Financial, Inc. The Comments section contains opinions that are not the opinions of Approach Financial, Inc., and you should view all comments with skepticism. Approach Financial, Inc. is registered as an investment adviser in the state of Colorado and is licensed to do business in any state where registered or otherwise exempt from registration.