More than half of American workers say they’re behind on saving for retirement, according to a recent Bankrate survey. For many people, retirement is the ultimate financial goal, so why do so many fall short? One reason may be a failure to set clear investment goals and stick with them over time.
It’s hard to reach your goals if you don’t know what they are in the first place. While it might be intimidating for some new investors to get started, identifying your top goals helps make it more likely that you’ll achieve them.
Here are four tips for establishing investment goals and choosing investments that will help you achieve them.