Have you set your retirement goals? This video from Fisher Investments describes the importance of setting specific goals—what you need your retirement investing strategy to accomplish—as part of your approach to retirement planning.
Before you develop a retirement strategy, you should have a clear understanding of your goals and objectives. Factoring in your financial goals is important, but what do you need your funds to accomplish in retirement? In general, would you like to spend every cent of your nest egg? Or would you like to leave enough for a legacy when you retire?
Your goals should generally fall into one of these categories—to grow the value of your portfolio, reach a specific portfolio value, to maintain the value of your portfolio relative to inflation over time or to spend everything in the portfolio.
Understanding your retirement goals will help you as you start crafting your long term investing strategy. We hope you found this video useful to you as you’re planning for retirement. Learn more about common retirement questions from Fisher Investments here. [ Ссылка ]
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