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Would anyone like to share their financial goals for 2021?
11-10-2020, 07:40 AM
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#1
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Recycles dryer sheets
Join Date: Feb 2020
Location: Danville
Posts: 167
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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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11-10-2020, 09:20 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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Same as every year since we retired. Make spending fit our withdrawal rate. 
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OMY * 3 2ish Done 7.28.17
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11-10-2020, 10:17 AM
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#3
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Full time employment: Posting here.
Join Date: May 2007
Posts: 883
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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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"It is better to have a permanent income than to be fascinating". Oscar Wilde
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11-10-2020, 12:05 PM
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#4
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Full time employment: Posting here.
Join Date: Feb 2015
Location: S. California
Posts: 779
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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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11-10-2020, 12:37 PM
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#5
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Full time employment: Posting here.
Join Date: Nov 2016
Location: Fargo
Posts: 990
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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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11-10-2020, 12:41 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,932
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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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20's "something" mind, trapped in a 70's "something" body
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11-10-2020, 12:45 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2007
Posts: 13,227
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 Quote:
Originally Posted by Blue531
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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You first.
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11-10-2020, 12:47 PM
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#8
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Recycles dryer sheets
Join Date: May 2015
Posts: 143
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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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11-10-2020, 12:54 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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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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11-10-2020, 01:01 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,720
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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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11-10-2020, 01:22 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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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.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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11-10-2020, 02:37 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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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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Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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11-10-2020, 04:01 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,915
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Keep on doing what i've been doing for 15 years since ER. Has worked well so far but YMMV.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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11-10-2020, 04:18 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
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Develop a line by line budget to fit the desired WR%.
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TGIM
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11-10-2020, 04:42 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Location: Back woods of Fennario
Posts: 1,170
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BTD
__________________
"Time wounds all heels...." - Groucho Marx
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11-10-2020, 04:52 PM
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#16
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,600
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Ending 2021 portfolio total $ = Beginning 2021 portfolio total $ * 1.04
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11-10-2020, 05:17 PM
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#17
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Full time employment: Posting here.
Join Date: Feb 2017
Location: Severn
Posts: 947
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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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11-10-2020, 05:20 PM
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#18
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Full time employment: Posting here.
Join Date: May 2014
Location: Lakewood
Posts: 920
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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.
__________________
Why be normal when you can be yourself?
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11-10-2020, 06:06 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Des Moines
Posts: 1,389
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Quote:
Originally Posted by cooch96
+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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We did this in 2018 and have so enjoyed it. I wish we had put it in earlier.
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Retired in 2013 and we are living the dream!
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11-10-2020, 06:22 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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To have more dough at the end of the year.
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