![]() ![]() These considerations determine your timeline, commonly referred to as your investing time horizon. With your goals in hand, factor in your current age and when you’ll want to spend your returns. ![]() Determine the annual return you’ll need to generate to achieve your objectives. ![]() Record what you want to achieve and quantify your goals. Depending on your current finances, boosting charitable contributions could be important. What Are Your Financial Goals?īefore doing anything else with your $1 million nest egg, define your financial goals.Īre you investing for retirement? If your retirement fund is already taken care of, perhaps you’re looking to buy real estate or save for a child’s education. It’s essential to work out these straightforward concepts first of all, since they form the foundation of any solid financial plan. Understanding your financial goals, timeline and risk tolerance are the key elements in deciding how to invest $1 million. Know Your Goals, Timeline and Risk Tolerance ![]()
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