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Why are goals critical in financial planning?

The goal-setting process is critical in the development of a financial plan. It gives meaning and direction to the various financial decisions you will take during your lifetime. All the projections that your advisor comes up with mean nothing unless they represent those things that are dear to your heart. Some people have their desires clearly mapped out while others only have a vague idea of what it is that will make them happy. 

To turn your dreams into reality, you will need to make them into financial goals. To get started with this, it helps to examine your life’s story and whether you are satisfied with your progress. It helps to think about your relationship with money. The two most important things we can control in life are how we spend our money and our time. Does your use of money and time make you happy and align with your future goals?

How do I determine what is important to me?

While no one question can trigger your mind to determine what you really want, I have generated a series of questions that may help you get started. Many of my clients find it helpful to write the answers down. In fact, research suggests there are real advantages to writing down goals as it helps to identify actionable steps toward your dreams.

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Gain access to What Do You Want booklet. It is filled with questions that will help you identify your unique financial goals.

How can your trusted financial advisor help?

Your trusted financial advisor can help you bridge your goals to reality. Once you have written down your answers, meet with your advisor to discuss your answers. Your advisor can help you align your finances with your passions and vision for the future. He can help you allocate your savings and investments while addressing your financial concerns and priorities. And, he can ensure that you are not only leading the life you want today, but that you are on track for the retirement that fits with your expectations and lifestyle.

About Peak Wealth Planning

Peter Newman - Sitting at desk-best_edit

Peter Newman

Peter Newman, CFA, works with individuals in Illinois (Champaign & Chicago) and Colorado (Fraser & Winter Park) that have accumulated wealth through concentrated stock ownership. Peter helps his clients achieve their unique goals and enjoy peace of mind.


Peak Wealth Planning

Peak Wealth Planning specializes in working with clients whose net worth is $1 million to $25 million or more. We get to know your unique needs and design a strategy to help you align your personal goals and finances.

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