Are you on target to meet your financial goals?

As seen on WJAR NBC 10 Smart Advice

Are you on target to meet your retirement goals? Half of all American workers don’t know how much money they will need to retire comfortably. A strong financial plan can help you juggle challenges and keep you on track towards meeting your long-term goals. Here are some tips for getting your retirement plan on target:

• Develop a financial plan with a holistic view of spending and savings habits, tax planning, debt management and investment strategy.
• Use relatively conservative growth assumptions when developing your plan to account for the unexpected ways investments can behave in different economic environments.
• Evaluate the progress towards your goals on an annual basis and make necessary adjustments along the way.
• Revise your budget, reduce spending, or re-evaluate your investment strategy and expectations for returns if you find that you’re falling short of your goals.

If you haven’t already done so, now is the time to set up a well-defined financial roadmap to keep you on the right path towards a comfortable retirement. For smart advice that’s focused on your unique financial goals, contact Washington Trust Wealth Management at 800-582-1076 or visit us at www.washtrustwealth.com.