Husband and I are 75. In good health.
Long-Term Goals
Health care –-> Leftover $ is inheritance for sons
Health care aide in our home AND/OR
Living in an independent or assisted living place AND/OR
Living in a long-term health facility
Medium- and Short-Term Goals
Costs to visit family in CA, OR, WA & MN
House maintenance – repair termite damage, paint outside of house
Annual Finnish language-culture course for adults
Travel
Give some $ to our adult sons when they need/could use it.
Make charitable and political donations.
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Eloise Maki
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Original Message:
Sent: 10-05-2021 11:22
From: Jenna Brashear
Subject: Lesson 2: Why Start with Goals?
Why are goals the centerpiece of the PRISM Wealth-Building Process? Because it's always easier to stick with a plan when there is something you are trying to achieve. Being clear about your goals changes your perspective and how you approach your portfolio.
Reflect
Accounting for your short-term and long-term spending can help you plan for retirement as well as other investment goals. Putting your goals first can help you make smart decisions. If you've already planned for retirement, think about whether or not you want to grow your generational wealth, contribute to charities, or help fund your grandchildren's education. These are specific goals to consider when planning for both short and long-term savings.
Engage
Share one short-term and one long-term goal that you hope to achieve. What strategies have you used in the past to plan for both types of goals? Has this worked for you or are you looking for a more effective action plan? Let us know in the comments by clicking "Reply" on the right side of this discussion post.
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Jenna Brashear
AAII Community Manager
Chicago, IL
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