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Would anyone like to share their financial goals for 2021?
Old 11-10-2020, 08:40 AM   #1
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Would anyone like to share their financial goals for 2021?

I like to write down my goals and find I'm more likely to attain them when I do. Has anyone set theirs for next year? If so, care to share?
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Old 11-10-2020, 10:20 AM   #2
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Same as every year since we retired. Make spending fit our withdrawal rate.
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Old 11-10-2020, 11:17 AM   #3
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Since I'm in my late 60's and retired, "Generate income in retirement and maintain the portfolio's real value against inflation." (from our Investment Policy Statement)
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Old 11-10-2020, 01:05 PM   #4
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Spend every dollar budgeted. Since we continue to live below our means even in retirement, there is zero incentive not to spend our 2021 allotment down to the last penny.

Since travel in 2021 will likely continue to be minimal, we are planning to upgrade our toys instead, starting with two Advanced Element inflatable kayaks, and two carbon fiber built road bicycles.
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Old 11-10-2020, 01:37 PM   #5
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2 x Roth @ 7,000
Fill Family HSA
My pre-tax 401k to 26,000 (turn 50 in 2021, yippee)
401k match (50% of 19,500) (not my savings, but helps)
Some post-tax to 401k (not sure as I'm going from 19,500 to 26,000)
Some ESPP
Some additional college savings

I can always stop the last 3. Just kind of see how it goes.

The only thing I've been mulling is perhaps doing more Roth 401k. Even in 22%, I am still thinking pre-tax is best.
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Old 11-10-2020, 01:41 PM   #6
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I don't know that I ever actually wrote down my annual financial goals when I was in the accumulation mode (working) but I had tons of spreadsheets and projections. Now that I'm retired I have quit all of that and just keep track of my net worth on an annual basis. As long as I'm enjoying my retirement in the style I want and my NW stays the same or goes up, I'm happy... Actually as long as it stays above a certain level (x) I'm not going to worry about it.
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Old 11-10-2020, 01:45 PM   #7
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Quote:
Originally Posted by Blue531 View Post
I like to write down my goals and find I'm more likely to attain them when I do. Has anyone set theirs for next year? If so, care to share?
You first.
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Old 11-10-2020, 01:47 PM   #8
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- Max out 401k, HSA, and 2 Roth IRAs
- Finish paying off house
- $2,500 to each of my two kids' 529s
- $12,000 towards taxable account
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Old 11-10-2020, 01:54 PM   #9
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To pay taxes on time.
To delay Social Security another year.
To sign up for Medicare.
To keep my portfolio on track.
To give more to charity.
To buy a new car.
To convert some tIRA to Roth.
To increase my grandkids 529 plans.
To not get ripped off.
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Old 11-10-2020, 02:01 PM   #10
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In no particular order of significance:
- Simplify investments where practical.
- Transition from 2 checking accounts to 1.
- Support non-profit causes
- Convert more tIRA to Roth
- Max out Roth accounts
- Rollover 2nd 401(k) to IRA
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Old 11-10-2020, 02:22 PM   #11
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At this point, I don't have any financial goals other than don't piss away the nestegg too fast... but give that our spending is 1/2 of what it could be according to FIRECalc I don't spend much time fretting about it.
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Old 11-10-2020, 03:37 PM   #12
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Spend less than we bring in from DHs pension and my Social Security.

Preserve and grow the nestegg so that we have the money when we get older and life gets more expensive.

Stay tax efficient.

So far, so good!
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Old 11-10-2020, 05:01 PM   #13
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Keep on doing what i've been doing for 15 years since ER. Has worked well so far but YMMV.
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Old 11-10-2020, 05:18 PM   #14
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Develop a line by line budget to fit the desired WR%.
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Old 11-10-2020, 05:42 PM   #15
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BTD
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Old 11-10-2020, 05:52 PM   #16
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Ending 2021 portfolio total $ = Beginning 2021 portfolio total $ * 1.04
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Old 11-10-2020, 06:17 PM   #17
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Spend less than I bring in. Was on track for 2020 then DW went on a bender for Christmas.
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Old 11-10-2020, 06:20 PM   #18
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+1. I've wanted a personal swimming pool for 16 years now. This summer is the year (hopefully)! The old deck is rotted enough to be a safety concern; I reckon that's the perfect excuse to replace the space with a backyard pool.
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Old 11-10-2020, 07:06 PM   #19
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+1. I've wanted a personal swimming pool for 16 years now. This summer is the year (hopefully)! The old deck is rotted enough to be a safety concern; I reckon that's the perfect excuse to replace the space with a backyard pool.
We did this in 2018 and have so enjoyed it. I wish we had put it in earlier.
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Old 11-10-2020, 07:22 PM   #20
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To have more dough at the end of the year.
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