ShankerValleau 360°- Visualizing your Goals and Objectives

What are your hopes for 2022? What are your dreams for the next 10, 20, or 30 years? Do you have a vision for your family beyond your lifetime? While these questions may not seem related to your financial life, they should be at the core of every financial decision you make. At ShankerValleau, we tailor wealth management to your life’s goals and your timeline.

When making decisions about your financial life, your goals can be broken down into two categories – short-term and long-term.

Short-Term Goals
What do you want to accomplish soon? Examples of short-term goals are purchase a home, enjoy an elaborate vacation, or fund an adult child’s wedding. Financial progress towards your short-term goals may include shoring up your cash on hand or altering your investment allocation to prepare for a near-term portfolio withdrawal.

Long-Term Goals
As the name implies, long-term goals focus on the far-reaching future. For someone early in their career long-term goals may be to retire at age 65 or fund their child’s college education. An individual approaching retirement may wish to move to a warmer climate in 10 years or make substantial charitable donations later in life. A senior in their twilight years may hope to maximize their children’s inheritance, leave a legacy with their organization of choice, or send the next generation to college. Achieving your long-term goals often requires a careful series of financial steps, made one at a time over many years, to produce the desired outcome.

Goals Change
Your short-term and long-term goals may change over time. Perhaps you saved for a college education that never came to fruition. Or you retired in a community you’ve come to dislike. As your goals change, your financial plan should too.

Organizing your financial life starts with establishing your goals. Before you can open the right retirement account, or invest in the appropriate stock fund, you need to have a purpose.

At ShankerValleau, our first meeting with you begins with learning who you are and what you hope to accomplish. Then, because nothing ever stays the same for long, we regularly revisit your plans and aspirations. What goals can we help you tackle in 2022? Let us know!