How To Set Financial and Retirement Goals

Are you setting realistic and achievable financial goals? How do you stick to your financial goals? Let’s discuss the steps you can take to set up goals for your retirement.
Share this episode with a friend:

Today’s Question:

Are you setting realistic and achievable financial goals? How do you stick to your financial goals? Let’s discuss the steps you can take to set up goals for your retirement.

1x
Apple PodcastsSpotifyStitcherGoogle PodcastsDownloadLeave a ReviewInvestor Awareness GuideFebruary Retirement ClassShare Listen in a New WindowSoundCloudSubscribe on AndroidSubscribe via RSSPlayer Embed

Click on the timestamps below to jump to specific topics. 

Confidence Corner

When it comes to financial goals, are you creating a realistic list of goals and a plan to follow through? Or are you hoping for a best-case-scenario to pull it all off? How do you know what kind of goals to set? On today’s episode of the Financial Answer podcast, Nathan will talk us through how and why your retirement plan should include appropriate financial goals.

Goals are important and help you get where you want to go. Good things and bad things will always happen in the world. Setting goals will help you stay disciplined and understand what you’re trying to accomplish.

When you set a financial plan, you want to be sure to walk away with peace of mind and confidence in your plan. Why is your advisor putting you in certain funds or implementing particular strategies? Ask questions because this is your financial future.

Past what your goals are, figure out why you want to accomplish these goals. What’s the reason behind things like wanting to leave your kids an inheritance or making more money. Setting goals can help you define what’s really important to you. Everyone is different, so it’s valuable to sit down with your advisor to outline why you’re working toward these goals.

Then, what kind of goals are you setting? Are they unrealistic? What are your expectations? Make sure to manage your risk and acknowledge that there may be declines over time. Work on your plan with your advisor and make sure you aren’t relying on a best-case-scenario. Every product has some kind of downfall, so be aware of what fits best for you.

Listen to the full episode or click on the timestamp below for a specific segment regarding financial goals.

2:01 – What are goals that everyone should be shooting for?

5:55 – How do you determine specific goals?

9:44 – Are you setting unrealistic goals?

11:50 – How do you reframe unrealistic goals?

12:43 – The person you work with impacts the kinds of goals you set.

 

 

A Point Of Wisdom:

Everyone’s goals change almost every single year, which is why we review the plans to make sure we’re still on track with what you want to accomplish. -Nathan O'Bryant
Tweet This

 

Related Content:

PODCAST: Coronavirus: What Pandemics Do To the Market

PODCAST: 5 Biggest Storylines of 2020: Will They Matter Financially? 

PODCAST: Inheritance 101: Everything You Need to Know

 

Additional Resources:

Schedule A Meeting

Download Your Retirement Rescue Toolkit – Learn More About Our Firm

 

Your Guide:

Nathan O’Bryant – Contact

Share this episode with a friend:

EXPLORE MORE EPISODES

What Weddings and Retirement Planning Have in Common

Following the wedding of Nathan’s son, we wanted to discuss the many things retirement planning and wedding planning have in common. From financial management in the planning process to preparing for the needs and wants of multiple people, there’s a lot to think about. Everybody hopes it will be perfect, but you know that life is going to throw you curveballs. Having a plan will help you prepare, and having a good mindset will help you get through the tougher times in both marriage and retirement planning. 

Listen Now »
May 18, 2023

Breaking Down The Commentary After Recent Bank Collapses

After a string of recent bank collapses, should we feel comfortable with having money in the banks? What safeguards have been put in place by the government to offer some protection? A lot of talking heads have weighed in on this issue recently, so we’re going to discuss some of those quotes in today’s episode. We’ll take a closer look at what happened and what strategies you might want to consider as well.

Listen Now »
May 4, 2023

How Age and Wisdom Impact Your Financial Planning

One of the reasons that financial planning is not a one-size-fits-all answer is that everyone’s age, goals, and experiences are different. What you needed in your 20s might look very different from what you need to do in your 50s. Today we talk through the impact both age and wisdom have when you sit down and make a financial plan with a qualified professional.

Listen Now »
April 20, 2023
Facebook Linkedin Twitter Youtube

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

Facebook Linkedin Twitter Youtube

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

SUBSCRIBE

This content is provided for informational purposes only. It is not intended to provide tax or legal advice. O’Bryant & Associates, Inc., is a registered investment advisory firm in Tennessee.

Facebook Twitter Youtube