{"id":957,"date":"2017-10-05T22:52:36","date_gmt":"2017-10-05T22:52:36","guid":{"rendered":"http:\/\/smedleyfinancial.com\/wp\/?p=957"},"modified":"2017-10-27T14:38:34","modified_gmt":"2017-10-27T14:38:34","slug":"investing-according-goals-time-frames","status":"publish","type":"post","link":"https:\/\/smedleyfinancial.com\/wp\/investing-according-goals-time-frames\/","title":{"rendered":"Investing According to Your Goals & Your Time Frames"},"content":{"rendered":"

In financial planning, goals and investing go hand-in-hand. These are then combined with your personal attitudes towards risk to determine the investments that should be used.<\/p>\n

When investing in the market, it is important to understand the associated risks, such as market volatility. This includes level of fluctuation and the amount of time you are willing to endure these ups and downs of the market.<\/p>\n

One important consideration is to determine when the assets you are investing will be needed to fund your goal. For example, saving for retirement is a long-term goal, saving for your children\u2019s education is most likely an intermediate-term goal, and saving for a new car would probably be a short-term goal.<\/p>\n

Referencing the chart on this page will help you determine the time frame of your goals. If it is zero to three years, it would be best to keep your assets in a conservative location.<\/p>\n

\"\"<\/a>If your time frame is 10+ years, choosing to invest aggressively may be the best choice for you. A lot of the decisions also rely on your personal investment risk tolerance.<\/p>\n

As your financial advisors, we can help guide you to investments that best match your investment goals, timelines, and objectives.<\/p>\n

For instance, if your goal is saving for retirement, a 401(k), 403(b), or Roth IRA may be the best option due to the tax benefits. We can also look at your holdings and determine if they are invested to match your risk tolerance and time frame of when the assets are needed.<\/p>\n

If a goal is to save for a down payment on a home in the next five years, an advisor can help you open an account that would be best suited for that goal.<\/p>\n

For example, a 401(k) would not be the best option for this situation due to the taxes and 10% penalty for early withdrawal. Plus, in this situation there would be a loss of opportunity for growth on those assets. The best option may be an individual account with transfer on death, or a joint account with rights of survivorship.<\/p>\n

We can help you set up appropriate types of accounts for you goals and then help manage the levels of risk. We even look at minimizing tax consequences.<\/p>\n

There are a lot of options that come into play when determining how and where to invest. When looking at time frames, you may have to take risk\u2013but take only the appropriate amount. If you\u2019re planning to buy a home in a year and invest your down payment in a very risky stock, the results could be disastrous. You could delay your goals or even destroy a dream.<\/p>\n

Use the chart as a guideline to help fund your goals and remember we are always here. Let us help guide you!<\/p>\n","protected":false},"excerpt":{"rendered":"

In financial planning, goals and investing go hand-in-hand. These are then combined with your personal attitudes towards risk to determine the investments that should be used. When investing in the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[269,7,8],"tags":[89,145,325],"class_list":["post-957","post","type-post","status-publish","format-standard","category-269","category-money-moxie","category-newsletter","tag-investing","tag-investments","tag-risk-tolerance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t