Would anyone like to share their financial goals for 2021?

[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?

 

[2017ish]

Same as every year since we retired. Make spending fit our withdrawal rate.

 

[racy]

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)

 

[ElizabethT]

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.

 

[bloom2708]

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.

 

[Car-Guy]

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.

 

[RunningBum]

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.

 

[sergio]

- 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

 

[Dash man]

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.

 

[target2019]

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

 

[pb4uski]

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.

 

[Sue J]

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!

 

[Koolau]

Keep on doing what i've been doing for 15 years since ER. Has worked well so far but YMMV.

 

[Dtail]

Develop a line by line budget to fit the desired WR%.

 

[LRDave]

BTD

 

[Ronstar]

Ending 2021 portfolio total $ = Beginning 2021 portfolio total $ * 1.04

 

[Lawrencewendall]

Spend less than I bring in. Was on track for 2020 then DW went on a bender for Christmas.

 

[cooch96]

BTD

+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.

 

[iloveyoga]

+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.

 

[RobbieB]

To have more dough at the end of the year.

 

[DektolMan]

In no particular order.
1. Take systematic monthly withdrawals from DW & my annuities instead of annuitizing.
2. Sign DW up for Medicare
3. Take my SS at FRA
4. Buy new car
5. Blow some dough & have fun!

 

[rodi]

My financial (and life) goals for 2021 are:
- work on getting older kid launched. Either back in school full time or at a better job and his own apartment. (this, unfortunately, is a stretch goal... but he is starting to show signs of growing up.) If he does the latter (own apartment/better job) we will save $$.
- get younger son launched to college in the fall.
- we hope to downsize when the kids are out from under roof... so we need to spend time/money getting our house decluttered and decrapified. That can start now and into next year.
- fund 2021 HSA.
- roth convert
(Those last two happen every year.)

 

[1242Vintage]

Goal is simple, to spend less than we get from Mega-Corp in our pensions every month.

In 2020 that goal has been easily met. But wife and I love to travel and might be a bit of a challenge to stay within budget in 2021 as the world opens back up.

 

[Gumby]

To have more dough at the end of the year.

Precisely. Doesn't need to be more complicated than that.

 

[blueskyk]

We just turned 65 this year and will finally launch from the ACA cliff in 2021...

It’s BTD time