goal
DefinitionObjective or target, usually driven by specific future financial needs. Some common financial goals for an individual are: saving for a comfortable retirement, saving to send children to college, managing finances to enable a home purchase, minimizing taxes, maximizing return on investments given a certain risk tolerance, and estate or trust planning. Given a person's goals, he/she decides on a pattern of expenses and suitable investments that will enable those goals to be achieved. Institutions also have financial goals, for example making certain pension contributions at specific times, or retiring a certain amount of debt by a certain date. Often, both people and institutions find it useful to employ a professional to help them in setting up a financial plan that will enable their goals to be met.
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goal is ...
... part of the Business subject.
... part of the Business subject.
Related Terms
fiscal policy, strategy, investment strategy, milestone, project, quota, tactics, asset allocation fund, balance of risks, budget and
goal appears in the definitions of these other terms on BusinessDictionary.com
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