Financial Focus Ranking your goals: A smart move Like most people, you may have several financial still enjoy the results of your investment efforts, even or the rental experience. But if your "nice to goals. But can you reach them all? It would be simple at a more modest scale. if you had great wealth. But youll likely need to rank your goals in terms of their importance to your life and then follow appropriate strategies to achieve them. By doing so, you may end up getting pretty close to covering each of your objectives, in one way projected costs. To arrive at these price tags, you may goals, whether must have or nice to have, you'll want or another. When prioritizing your goals, consider following this process: Identify goals as "must have" or "nice to have." Making sure you don't outlive your resources of your goals and their estimated cost will drive is a must-have goal, so you need to be as certain as possible of achieving it. On the other hand, a nice-to- must-have goal mentioned above the need to avoid ate amount of risk. When trying to reach your goals, have goal might be something like buying a vacation outliving your money- you'll want to balance your home. If you don't attain the money needed for this goal, you do have room to compromise, perhaps by well as maintain an appropriate withdrawal strategy scaling down to a smaller home in a different area or when you're retired. However, for a nice-to-have goal, and achieving your goals can be somewhat involved. just renting a place for a few weeks a year. Having this flexibility can provide a psychological benefit, too. Since this goal doesn't have an either-or out- come, you won't have to feel that you failed if you don't get the big vacation home - instead, you can have&zquot; is closer to a "must have" in this area as well, you might want to focus less on achieving great- Put "price tags" on your goals. You need to know what your goals will cost. Even if you can only er returns and instead look at ways of adjusting your make an estimate, it's essential to have some figure in mind. As time goes by, you can always revise your budget to save more. Monitor your results. As you pursue your want to work with a financial professional who has the tools and technology to create hypothetical illus- making enough progress toward your desired goal, trations and scenarios. Follow an appropriate strategy. The nature to check your results regularly. If you think you're not you may need to make adjustments. But don't overre- act to short-term swings in the financial markets or in the value of your ponfolio, or take on an inappropri- your investment strategy. So, for example, using the you can alter your path, but it's usually not a good idea to change directions altogether. The decisions involved in identifying, prioritizing growth objectives with your comfort with risk, a such as your large vacation home, perhaps you don't But by following a well-designed process, you can need the same urgency - consequently, with part of your portfolio, you might be able to take more risk in hopes of greater returns. And if you fall short, you for use by your local Edward Jones Financial Advisor. can always go with Plan B-i.e., the smaller home help yourself get to where you want to go. This article was written by Edward Jones Edward Jones, Member SIPC Edward Jones Michael C. Caley AAMS Pam Covington CFP" AAMS Edward Jones Edward Jones Sean P. Asiala AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert Edward Jones Karen Rupert Financial Advisor Financial Advisor Financial Advisor Financial Advisor 7329 West Jetferson Blvd Fort Wayne. IN 46804 Financial Advisor Financial Advisor Financial Advisor 7030 Ponne inverness Way. Sute 125 Fort Wayne, IN 46804 432-3613 Making Sense of Investing Financial Advisor 7127 Homestead Rd, Suite C Fort Wayne, IN 46814 karenruperteedwerdjones.com 263-4760 Making Sense of Investing 901 Chestrut Hils Parkway Fort Wayne, IN 46814 7525 West Jetferson Bivd. Fort Wayne, IN 46804 6525 Corstitution Dr. Fort Wayne. IN 40804 414 S. Scom Rd. Fort Wayne, IN 4814 14413 linois Rd Ste Fort Wayne, IN 46814 625-5700 Making Sense of wvesting 432-0304 Making Sense of investing 478-8038 Making Sense of Investing 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-3524 Making Sense of Investing Financial Focus Ranking your goals: A smart move Like most people, you may have several financial still enjoy the results of your investment efforts, even or the rental experience. But if your "nice to goals. But can you reach them all? It would be simple at a more modest scale. if you had great wealth. But youll likely need to rank your goals in terms of their importance to your life and then follow appropriate strategies to achieve them. By doing so, you may end up getting pretty close to covering each of your objectives, in one way projected costs. To arrive at these price tags, you may goals, whether must have or nice to have, you'll want or another. When prioritizing your goals, consider following this process: Identify goals as "must have" or "nice to have." Making sure you don't outlive your resources of your goals and their estimated cost will drive is a must-have goal, so you need to be as certain as possible of achieving it. On the other hand, a nice-to- must-have goal mentioned above the need to avoid ate amount of risk. When trying to reach your goals, have goal might be something like buying a vacation outliving your money- you'll want to balance your home. If you don't attain the money needed for this goal, you do have room to compromise, perhaps by well as maintain an appropriate withdrawal strategy scaling down to a smaller home in a different area or when you're retired. However, for a nice-to-have goal, and achieving your goals can be somewhat involved. just renting a place for a few weeks a year. Having this flexibility can provide a psychological benefit, too. Since this goal doesn't have an either-or out- come, you won't have to feel that you failed if you don't get the big vacation home - instead, you can have&zquot; is closer to a "must have" in this area as well, you might want to focus less on achieving great- Put "price tags" on your goals. You need to know what your goals will cost. Even if you can only er returns and instead look at ways of adjusting your make an estimate, it's essential to have some figure in mind. As time goes by, you can always revise your budget to save more. Monitor your results. As you pursue your want to work with a financial professional who has the tools and technology to create hypothetical illus- making enough progress toward your desired goal, trations and scenarios. Follow an appropriate strategy. The nature to check your results regularly. If you think you're not you may need to make adjustments. But don't overre- act to short-term swings in the financial markets or in the value of your ponfolio, or take on an inappropri- your investment strategy. So, for example, using the you can alter your path, but it's usually not a good idea to change directions altogether. The decisions involved in identifying, prioritizing growth objectives with your comfort with risk, a such as your large vacation home, perhaps you don't But by following a well-designed process, you can need the same urgency - consequently, with part of your portfolio, you might be able to take more risk in hopes of greater returns. And if you fall short, you for use by your local Edward Jones Financial Advisor. can always go with Plan B-i.e., the smaller home help yourself get to where you want to go. This article was written by Edward Jones Edward Jones, Member SIPC Edward Jones Michael C. Caley AAMS Pam Covington CFP" AAMS Edward Jones Edward Jones Sean P. Asiala AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert Edward Jones Karen Rupert Financial Advisor Financial Advisor Financial Advisor Financial Advisor 7329 West Jetferson Blvd Fort Wayne. IN 46804 Financial Advisor Financial Advisor Financial Advisor 7030 Ponne inverness Way. Sute 125 Fort Wayne, IN 46804 432-3613 Making Sense of Investing Financial Advisor 7127 Homestead Rd, Suite C Fort Wayne, IN 46814 karenruperteedwerdjones.com 263-4760 Making Sense of Investing 901 Chestrut Hils Parkway Fort Wayne, IN 46814 7525 West Jetferson Bivd. Fort Wayne, IN 46804 6525 Corstitution Dr. Fort Wayne. IN 40804 414 S. Scom Rd. Fort Wayne, IN 4814 14413 linois Rd Ste Fort Wayne, IN 46814 625-5700 Making Sense of wvesting 432-0304 Making Sense of investing 478-8038 Making Sense of Investing 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-3524 Making Sense of Investing