My Goals: Goal Setting, Feasibility, Tracking, and Coverage

Video Outline

Policy, Settings and Accounts

Accounts 2021-11-07

  • Trading Account: SPY 100 Shares, Total Cost 46,853, AGG 400 Shares Total Cost 37,500
  • Saving Account: EUR 1,450, USD 60,000
  • Policy: Coverage Expiry Date: 2043-06-30, Coverage Amount : 100,000

Basic Setting

  • Main Menu->My Goal->Options->Base Settings
  • Ann. Return 8%, Inflation 2%, Mortgage 2%
  • Initial Date 2022-01、Retirement 2033-07、Expiry Date 2053-07

Account in Goals

  • lSaving Account
  • lTrading Account

Budget Goals

Budget Start Date = Initial Date 2022-01

Budgeting Rule: Save for Retirement, Cover Post-Retirement Spending

  • Budget Start Date = Initial Date
  • Budget End Date: Retirement Date as Default

Budget Goals: Import current budget

  • Salary: 1,600/Month
  • Food: 950/Month

Goals

Retirement: Personal Spending

  • Start Date: 2033-07
  • End Date: 2053-07
  • Spending/Month: 1,600

Education: Family Responsibility

  • Attend Date: 2023-11
  • Years: 4
  • Present Amt/Semi-Year: 6,250

Vacation Home: Personal Spending

  • Buy Date: 2026-07
  • Present Amt: 220,000, Mortgage 2%, Loan Term 10 years
  • Down Payment: 92,619(40%), Monthly Payment 1,278

Goal Priority: Budget Goals>Education>Retirement>Vacation Home

Goal Feasibility and Coverage

Goal Feasibility

  • Min. Return: Minimum Return for All Goals 12.03%,
  • Ann. Return 8%: Cash Shortfall
  • Target Asset Chart

Goal Achievement Analysis: High Priority First

  • (1)Current Budget: Cost 20%, Target Completion 100%
  • (2)Education: Cost 9%, Target Completion 100%
  • (3)Retirement: Cost 32%, Target Completion 100%
  • (4)Vacation Home: Cost 39%, Target Completion 42%

Need Coverage: Family Responsibility

  • (1)Current Budget: Need Coverage 88,151, Coverage 100%
  • (2)Education: Need Coverage 40,794, Coverage 29%
  • (3)Additional Coverage: 28,945

Goal Tracking: Achievement and Factor Analysis

Goal Achievement 2023-12

  • Asset Achievement 77%
  • Current Asset: 145,648
  • Target Asset: 189,250

Asset Comparison Chart

Achievement Factor

  • Income Achievement: 70%
  • Spending: 0%
  • Net Transfer In: Asset increase by Transfer In
  • Acc. Return: Actual -9.70% Target Return 15.86%

Goal Tracking: Income and Spending

Transactions

  • Buy Car: 2023-07-10 68,750
  • Bonus: 2023-02-05、46,875

Asset Achievement Factor

  • Asset Achievement: 77%->65%
  • Income Achievement: 70%->91%
  • Over Spending: 0%->217%

Dashboard: Goal Achievement Status