Retirement speak: Important considerations when setting their goals

Jeffrey Small of Arbor Financial puts huge value on goal-setting, as he has emphasized time and again just how big a role it plays in a person’s retirement. In today’s blog, he looks at several pertinent questions and important points to guide a person in setting goals for retirement.

First, people should ask themselves where they plan to stay when they retire – will they stay where they are or will they move? If they do decide to move, where to? If they’re considering several places, they should try to narrow it down, especially if there is a large disparity in the cost of living in these places.

Second, people should know what they would like to do in the place where they’ll be spending their retirement. They should have a clear picture of their day-to-day life. What are the things that they could do every day to make themselves happy and content? What daily activities would they be doing? Jeffrey Small mentions that people really need to time to sit down and mull over their specific interests.

Will their goals include traveling? If so, where to, and when? Will they be going on a European trip or a cruise? People should also ask themselves whether they think they’ll want to make a major purchase such as some huge home renovations or even a boat. Jeffrey Small explains that feasibility shouldn’t be a concern at this stage. If people want it, they should include it as part of their goals.

Arbor Financial’s Jeffrey Small has personally sat down with thousands of local investors to help them come up with a master plan for investment that increases their income stream and allows them to enjoy the retirement they aim for. Learn more about finance and investment by visiting this site.