Career Development: Is it Time to Rethink your Investing Goals for Retirement?
Successful retirement planning is an ongoing process. Have your priorities changed since you initially set your goals? Early in your career, you may have been planning for your dream home or preparing for children to go to college. A plan that was implemented 5, 10, 15+ years ago will need to be reviewed and adjusted.
Are your investing goals on autopilot since you set the initial goals?
Investor Junkie has posted “4 Compelling Reasons to Rethink Your Investing Goals.” These include not only recognizing that your priorities may be different and your circumstances may have changed, but also include the possibilities that the market may have changed since you implemented your goals, as well as the fundamentals of investing.
Learn more here.
Financial advisors recommend reviewing your plan annually to help keep your savings amount and investment choices on track to meet your retirement goals. If you haven’t revisited these goals in awhile, consider increasing your savings, rebalancing your investments, and rethinking your expectations for living in retirement.