Long
-
Term
Retirement
Goals
49
Goals
01
Financial
Independence
&
Security
01
Build
a
portfolio
that
can
generate
income
to
cover
100%
of
essential
living
expenses
throughout
the
whole
of
retirement
.
02
Grow
investable
assets
—
excluding
home
equity
—
to
between
$
1.5
M
and
$
2.0
M
by
the
target
retirement
age
.
03
Enter
retirement
with
all
consumer
debt
eliminated
:
credit
cards
,
auto
loans
and
personal
loans
cleared
at
least
five
years
in
advance
.
04
Pay
off
the
primary
mortgage
before
retirement
—
or
no
later
than
age
65.
05
Maintain
an
emergency
reserve
of
12–18
months
of
expenses
in
a
safe
,
liquid
account
kept
separate
from
the
long
-
term
portfolio
.
06
Contribute
the
annual
maximum
to
tax
-
advantaged
accounts
whenever
possible
: 401(
k
)/403(
b
),
IRA
and
Roth
IRA
.
07
Capture
the
full
employer
match
on
the
company
retirement
account
every
single
year
—
never
leave
that
match
unclaimed
.
08
Use
an
HSA
as
a
dedicated
retirement
healthcare
fund
:
let
the
balance
grow
tax
-
free
and
pay
routine
medical
costs
from
cash
.
09
Arrive
at
retirement
with
guaranteed
lifetime
income
—
Social
Security
,
pension
or
annuity
—
equal
to
at
least
50%
of
essential
expenses
.
10
Choose
the
optimal
age
to
claim
Social
Security
after
reviewing
the
break
-
even
point
,
spousal
benefits
and
family
longevity
.
11
Execute
a
Roth
conversion
ladder
during
the
lower
-
income
years
between
retirement
and
Required
Minimum
Distributions
.
12
Hold
the
first
2–3
years
of
retirement
spending
in
cash
equivalents
so
no
investments
ever
need
to
be
sold
during
a
downturn
.
13
Rebalance
the
portfolio
every
six
months
and
whenever
any
single
asset
class
drifts
more
than
5%
from
its
target
weight
.
14
Stress
-
test
the
retirement
plan
across
a
35-
year
horizon
against
high
inflation
,
medical
cost
growth
,
and
poor
early
-
market
returns
.
1 / 4
02
Health
&
Longevity
15
Stay
physically
active
with
at
least
150
minutes
of
moderate
cardio
and
two
strength
-
training
sessions
every
week
.
16
Keep
weight
in
a
healthy
range
,
sleep
7–9
hours
a
night
,
keep
alcohol
to
a
minimum
and
avoid
tobacco
completely
.
17
Stay
current
on
all
preventive
care
:
annual
physical
,
dental
visits
every
six
months
,
an
eye
exam
every
two
years
,
and
every
recommended
screening
.
18
Enroll
in
Medicare
Parts
A
,
B
and
D
on
time
,
and
decide
deliberately
between
a
Medigap
supplement
and
Medicare
Advantage
.
19
Make
the
long
-
term
care
decision
by
age
62:
compare
traditional
insurance
,
hybrid
life
/
LTC
policies
and
self
-
funding
against
the
portfolio
.
20
Protect
vision
and
hearing
without
delay
—
replace
glasses
and
hearing
aids
when
prescribed
,
not
when
they
become
unavoidable
.
21
Manage
stress
with
a
consistent
daily
routine
,
regular
time
outdoors
,
and
deliberate
social
connection
every
week
.
03
Lifestyle
,
Home
&
Location
22
Decide
where
to
spend
retirement
deliberately
:
weigh
cost
of
living
,
state
taxes
,
health
care
access
,
climate
and
distance
to
family
.
23
If
relocation
is
a
real
option
,
rent
in
the
shortlisted
city
for
one
to
two
months
before
committing
to
a
purchase
.
24
Future
-
proof
the
home
:
no
-
step
entry
,
a
main
-
floor
bedroom
or
clear
space
to
add
one
,
and
handrails
where
needed
.
25
Finish
major
renovations
before
retirement
rather
than
paying
for
contractors
from
a
fixed
monthly
income
.
26
Reach
age
70
with
any
second
home
owned
outright
or
producing
enough
rental
income
to
cover
its
own
costs
.
27
Fund
the
“
go
-
go
years
”
properly
:
budget
for
two
international
or
up
to
four
domestic
trips
each
year
plus
an
experiences
fund
.
28
Establish
a
contingency
for
declining
mobility
—
living
near
a
trusted
family
member
or
securing
priority
access
to
a
continuing
-
care
community
.
2 / 4
04
Family
&
Community
29
Stay
deeply
connected
:
schedule
a
weekly
call
with
close
family
and
host
at
least
one
gathering
each
year
that
brings
everyone
together
.
30
Build
friendships
that
do
not
depend
on
work
—
join
two
or
three
clubs
,
volunteer
groups
or
community
organizations
in
the
first
three
years
.
31
Agree
as
a
couple
on
the
retirement
rhythm
:
how
much
time
together
,
how
much
apart
,
and
a
shared
bucket
list
to
work
through
.
32
Write
down
the
limits
of
financial
help
for
adult
children
—
weddings
,
down
payments
,
education
—
before
the
requests
arrive
.
33
Have
a
clear
plan
for
aging
parents
:
who
pays
,
who
provides
care
,
and
how
far
apart
the
two
households
can
reasonably
be
.
34
Belong
somewhere
:
take
one
steady
volunteering
role
and
build
simple
rituals
with
neighbours
,
so
the
week
keeps
structure
and
meaning
.
05
Purpose
,
Learning
&
Contribution
35
Write
a
personal
purpose
statement
by
the
end
of
the
first
retirement
year
—
what
should
give
the
days
meaning
beyond
work
.
36
Mentor
,
teach
or
share
hard
-
won
expertise
on
a
regular
schedule
through
a
nonprofit
,
professional
association
or
community
college
.
37
Volunteer
consistently
with
one
or
two
causes
—
a
reliable
4–8
hours
each
month
,
not
an
occasional
burst
.
38
Keep
learning
for
life
:
read
widely
and
take
at
least
one
course
or
workshop
every
year
in
a
subject
of
genuine
curiosity
.
39
Try
one
new
identity
in
the
first
five
years
—
artist
,
teacher
,
builder
,
gardener
,
organizer
—
and
practice
it
before
deciding
what
sticks
.
40
If
part
-
time
work
appeals
,
cap
it
at
10–15
hours
per
week
and
choose
roles
chosen
for
people
and
purpose
,
not
just
income
.
41
Stay
close
to
nature
every
week
—
hike
,
garden
,
cycle
,
swim
or
fish
—
because
physical
hobbies
protect
both
energy
and
mood
.
3 / 4
06
Estate
,
Legal
&
Legacy
Planning
42
Write
and
regularly
update
a
will
or
revocable
living
trust
—
and
revisit
it
after
every
major
life
event
.
43
Name
a
durable
financial
power
of
attorney
and
a
health
care
proxy
,
with
signed
copies
in
the
hands
of
the
right
people
.
44
Complete
an
advance
directive
/
living
will
and
explain
to
the
family
exactly
what
it
means
and
how
to
use
it
.
45
Check
that
beneficiary
designations
on
every
account
,
insurance
policy
and
deed
match
the
will
—
not
just
the
paperwork
from
years
ago
.
46
Build
a
digital
legacy
inventory
:
accounts
,
passwords
,
subscriptions
and
anything
of
financial
or
sentimental
value
stored
online
.
47
Decide
the
future
of
tangible
belongings
—
furniture
,
art
,
collections
—
now
,
so
there
are
no
surprises
after
a
loss
.
48
Document
the
charitable
giving
plan
—
annual
gifts
or
a
donor
-
advised
fund
—
and
align
it
with
the
tax
strategy
each
year
.
49
Have
an
estate
attorney
complete
a
state
-
specific
review
of
the
plan
by
age
60,
with
a
full
update
every
five
years
after
that
.
Suggested
cadence
:
give
this
list
a
full
review
every
December
alongside
the
year
-
end
portfolio
check
,
and
after
any
major
life
change
—
marriage
,
birth
,
death
,
relocation
,
job
change
or
a
health
event
.
Mark
completed
goals
with
a
check
,
carry
unfinished
ones
forward
,
and
turn
the
newest
priorities
into
next
year
’
s
concrete
plan
.
```
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