Revisiting Your Goals, Planning for the Future

While the start of a new year marks a time to set goals for the coming year, it also offers an opportunity to revisit past goals. Have you accomplished those objectives? Perhaps you’re still in the process of reaching your aspirations. Whatever the stage, it’s helpful to look at where you’ve been, where you thought you wanted to go, and make adjustments as needed.

For example, perhaps you set a goal to save so much money each month. Does the reason for setting aside those dollars still apply? Do you have the chance to put funds towards a different goal? Good habits are essential to long-term financial success. But it never hurts to weigh what we’re doing and ask if our reasons still fit our long-term plans.

Perhaps it’s time to stop doing something. Maybe you’re getting closer to retirement within the next year or two. As that window grows closer, it’s worth considering how you’ll adjust and adapt to the changes it will produce. It might sound silly now, but we’ve heard from more than a few folks that making a plan for how they’ll make the switch helped.

In this case, it’s not just about the money. It’s also about a significant change in a daily routine deserving careful consideration. You’ll have worked hard for a long time to reach this particular goal, and you deserve to get the most out of the experience. A little planning now can go a long way toward helping you make a successful transition.

Part of planning for your financial future means keeping the critical people in your life informed about what you want and how they can support your efforts. It’s also worthwhile to consider how your plans may affect others. Have you spoken to friends and family about any recent changes or additions you’ve made? For instance, do the folks in those records know if you’ve updated your will or other legal documents?

Why all this talk about revising your plans? It’s because I know that the world around us can feel uncertain and that uncertainty can feel like a burden. To help reduce the worry AND do something productive, I focus on the only thing within my control: my actions. I remind myself that I can make changes that decrease the risk of failure even if I can’t zero it out completely. The same holds true for you.

As we race headlong into 2023, take the time to think about where you’ve gone, where you’re at, and if your current plans will still take you where you want to go. The push to set new goals at the beginning of each year is positive. But in the process, I encourage you to revisit your plans and, as needed, make the changes that will help reduce your uncertainty. We’re happy to help you with this review. A phone call or office visit is always welcome. Our best wishes to you in the coming year!

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