Step 1: Identify and prioritize your retirement goals
The purpose of this step is to help you and your MD advisor better understand your current situation, to better understand the resources available to help you create income during retirement, and to ensure that you take the time to identify the people, things and actions that are important to you.
Mapping out your goals
Completing the pre-retirement goal setting exercise will help you get started on a comprehensive list of retirement goals. Don't worry about capturing every last detail. Start with the big picture, and then work down to details. The matrix will help you and your MD advisor focus on what really matters to you.
Once you've completed the goal setting exercise, you and your MD advisor will work together to itemize each goal, determine a timeline and develop an approximate cost.
Download the pre-retirement goal setting exercise
Tip:
To get into a goal-setting mindset, answer the key questions out loud - try to keep the Want, Need, Now and Later categories in mind. It may also help to further categorize your goals, for example: things I want to do, learn, buy/save for, and people I want to help.
