goal

Definition

Objective 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.

Cite this definition


Related Terms

asset allocation, planning, financial planner, confidence level, fiscal policy, strategy, investment strategy, milestone, project, quota, tactics, target

Related Research Articles from the InvestorGuide.com University

Considerations on Selling Your Business
Selling your business? Here are some keys to getting top dollar, including buyer evaluation, stock vs assets, installment sales, and private annuity sales.

Business Finance 101
If you own a small business, financial management is one of the key areas that you need to excel in, this article will get you started on the right track.

A Business Owner's Guide To Protecting Assets
Learn how qualified retirement plans, including IRAs and 401(k)s, can offer significant benefits to your business.


Featured Sponsor

Give this definition a rating from 1 to 5 (5 being the best)...
1    2    3    4    5    


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Add this Glossary to your Site | Bookmark InvestorWords.com
Home | Terms by Subject | Keyword Advertising | About Us | Contact Us
Work for InvestorWords.com
BusinessDictionary.com | InvestorGuide.com | WebFinanceInc.com
Disclaimer and Copyright©

Copyright©1997-2008 by WebFinance, Inc. All Rights Reserved.
Unauthorized duplication, in whole or in part, is strictly prohibited.