What’s also important about explaining these topics that should be part of a financial planning process, and aren’t just ancillary items after transferring investments around to someone else’s management, is that they all matter regardless of your financial well being. People with a lot of money and those with modest accumulated savings all should discuss each of these topics above. Every household matters and has a right to an outside perspective on their concerns. Every household has a right to a financial planner’s best attempt at helping them reach all of their realistic goals in life.
Finally measuring progress toward those goals is simply a process of regular meetings where numbers are updated and the goals assessed. Sometimes the goals become closer or further away based on their own increased cost compared to what was assumed. However just as often through these measurement meetings the financial planner and client find out that the goals have changed, or at least adjusted. Maybe you don’t want to move form your home at retirement any longer. Maybe you got a new boss and your job turned from a source of frustration to a form of inspiration, or vice versa. Sometimes goals change out of necessity. Children may cause this, needing shelter and support longer than anticipated. Regardless of the circumstances the process should be the same, an open forum, number crunching, dignity, and a thorough independent outside perspective for your reflection.