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Stop Dreaming. Start Planning.

Instead of hoping for the future you want, start planning for it! Advance planning can help you meet your goals and give you the assurance that you’re on track. Whether you want the best education money can buy for your kids, a life of travel, or a comfortable retirement, planning will help get you there.

It’s never too early to start planning for your children’s education. In fact, as soon as they’re born, you should open a savings account for them and consider starting a 529 plan as well. FORUM even offers a Sprout Savings Account for kids where 10% of deposited funds are matched per calendar year.*

If it’s traveling that you dream of, you’ll need to be strict at setting aside money. It’s easy to use excess money in the budget for the things we want in the present. Try opening a specific savings account just for travel and then set up automatic transfers to that account on a bi-weekly or monthly basis. You may want to rework your budget as well – are there areas you can cut back on in order to save more for your travel dreams?

And then there’s retirement! Everyone wants to enjoy retirement no matter how they choose to spend their time. The best way to begin planning starts with talking to a financial advisor. They can answer questions for you, discuss your goals, highlight opportunities you may be missing, and help you take action toward next steps. If you would like customized advice on how to plan for retirement, FORUM Private Client Group can help. Call 317.558.6322 or email
It’s fun to dream about the future, but it’s important to back up those dreams with planning. In the end, you’ll experience less stress and more financial security.
*Based on different tier levels. Maximum match $100.

Posted: 5/9/2014 with 3 comments

Categories: Finances, Saving

Colin Nichols
Planning is a critical tool for any budget. The more comprehensive your budget is, the less surprises you'll be face with when an unexpected expense occurs.

One tool that I use in my budgeting is the Goal section of Mint allows you to setup goals of any length of time to track various scenarios like saving for a house, a trip, retirement and more.

We utilize the goal feature with Forum's Santa Savings account to decide how much we will spend around the Christmas season and Mint will let use know what we should be setting aside each month and if we're on track or not.

Planning as part of a budget is an essential tool that will help minimize the ups and downs of financial life and allows for better forecasting to overall financial health.
6/16/2014 1:28:13 PM

Lauren Holdcroft
Great advice! For us, planning helps make our goals feel way more attainable. As new parents we have set up a 529 plan and FORUM sprout account for our daughter, and have been surprised to see how easy college savings has been since we have budgeted for it.
6/16/2014 1:14:01 PM

Brian Barnes
I was disciplined enough to pay my house off 5 years ago. I continued taking my mortgage and opened a ROTH IRA and have maxed out my IRA. I took the rest of the leftover money, and built up my emergency fund. You can become debt free if you put your mind to it.
6/16/2014 12:49:49 PM

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