2022 Goals

[Scallywag]

It's hard to believe that there are only a few months left of 2021, but it will soon be time to plan out goals for the coming year.

What are everyone's financial goals for next year?

Personally, I'm still just steadily investing.
My mortgage is my only debt, and I keep wrestling with what to do with it. I know that the math says to just keep paying it and keep investing, but I just hate having it. I don't know if I want to start paying extra on it or not.

Our main and only financial goal is to keep socking money away in our "down payment" account. We're currently cash heavy, so may start DCA-ing into VOO / VGT / VTI. I avoid single stocks in that account for the most part but recently purchased a couple of single stocks, but the intent is to continue putting money into the brokerage account into VOO / VGT / VTI in the great hope that the markets will continue to rise (even just a conservative rate) to fatten that fund.

The other decision is to find / settle on a place within California where we would actually be able to afford the kind of home we're looking for. That should be really interesting! We'll see.

[scfr]

Although we've already hit our retirement number, we'll continue to save. So there will be a lot of " close to business as usual." (I say "close to" because we won't save as much once we are in our new house.)

However ...
As we approach retirement, the gap in knowledge of financial matters between DH & I is becoming stark.
My primary goal for 2022 is to create a plan similar to one that a CFP would create, and present it to DH. It feels like a tall order, because although I'm a personal finance enthusiast / geek, I'm not a pro.
I had hoped that as we got closer to retirement we could have at least a 1-time consultation with a professional, who could offer some guidance as a neutral third party, but I raised the possibility of that to DH and he flat out refuses to pay for it. So it's on me. I'm sure as heck not happy about that, but it is what it is and so I'd best get on with it!

[disneysteve]

My primary goal for 2022 is to create a plan similar to one that a CFP would create, and present it to DH. It feels like a tall order, because although I'm a personal finance enthusiast / geek, I'm not a pro.
I had hoped that as we got closer to retirement we could have at least a 1-time consultation with a professional, who could offer some guidance as a neutral third party, but I raised the possibility of that to DH and he flat out refuses to pay for it. So it's on me. I'm sure as heck not happy about that, but it is what it is and so I'd best get on with it!

I wouldn't give up on that. I think getting a professional to look over things and help you plan the future path is well worth it. We just did that last week and have a follow up to go over everything in 2 weeks. Paying a CFP $250/hr or whatever the going rate is in your area to take a big picture look at everything may well save you many thousands of dollars down the road by maximizing when and how you access your assets in retirement, minimize your taxes, and optimize when you each claim SS.

Try to impress upon your DH that it isn't throwing away money. It's paying a very small fee now that will net you thousands or even tens of thousands in savings later.

[Atretes1]

One big long term goal (17 years).

I'll probably hit 7 figure net worth sometime in 2022.

[scfr]

I wouldn't give up on that. I think getting a professional to look over things and help you plan the future path is well worth it. We just did that last week and have a follow up to go over everything in 2 weeks. Paying a CFP $250/hr or whatever the going rate is in your area to take a big picture look at everything may well save you many thousands of dollars down the road by maximizing when and how you access your assets in retirement, minimize your taxes, and optimize when you each claim SS.

Try to impress upon your DH that it isn't throwing away money. It's paying a very small fee now that will net you thousands or even tens of thousands in savings later.

I appreciate the thoughts and agree with everything you said, but I also know it won't work with my DH. So I'll do the best I can with what I have to work with.

[scfr]

Although we've already hit our retirement number, we'll continue to save. So there will be a lot of " close to business as usual." (I say "close to" because we won't save as much once we are in our new house.)

However ...
As we approach retirement, the gap in knowledge of financial matters between DH & I is becoming stark.
My primary goal for 2022 is to create a plan similar to one that a CFP would create, and present it to DH. It feels like a tall order, because although I'm a personal finance enthusiast / geek, I'm not a pro.
I had hoped that as we got closer to retirement we could have at least a 1-time consultation with a professional, who could offer some guidance as a neutral third party, but I raised the possibility of that to DH and he flat out refuses to pay for it. So it's on me. I'm sure as heck not happy about that, but it is what it is and so I'd best get on with it!

When preparing our year end NW statement, I had DH log in to all our accounts and check the balances. I'm getting slammed with work at my 2nd job so I decided I could use some help, and this would be a small step in his "how our finances work" education. I had him do address updates too while he was logged in to the accounts. I've recruited him to do a lot more of the move-related things this time around. He did some packing, quite a bit of unpacking, and now some of the "businessy" things like the address changes. Heck, he even reserved the truck! He used to think that moving happened in 1 day and involved carrying boxes to the truck, driving to the new place, and then carrying the boxes in. I'm exaggerating a wee bit of course but not by much. Overall, I want him to be more self-reliant ... and it doesn't hurt for him to realize all that I do either.

[Snydley]

My goal for 2022 is to not catch omicron. This will be a real challenge.

[LivingAlmostLarge]

make our businesses successful. Get 100 clients for me (stretch goal). DH maybe get close to selling off the business and being more normal again. If not it's going well.