Setting Financial Goals with Your Broker

Setting financial goals with your broker is an important part of the planning process that every investor needs to go through. Here are a few things to consider about setting financial goals with your broker. 


When you are working with your broker, you need to set some goals that can be easily defined. Setting general goals like having "financial security" are not going to be good enough. You need to set specific goals such as aiming for a specific monetary goal by a certain date. 


When you are setting goals with your broker, you should also pay attention to the amount of risk that it will take to achieve your goals. While it may be exciting to set big goals for yourself, you do not want to put them so high that it would take an unbelievable amount of risk to achieve them. 


During this process, you should also spend some time asking your broker important planning questions. For example, you may want to ask them about the tax implications of your decisions. You may also want to ask them if they have any ideas about how you can realistically pursue these goals that you have decided on. 

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