A goal focusing on the distant future, such as retirement, is best described as which type?

A goal focusing on the distant future, such as retirement, is best described as which type?

• A. Short-term
• B. Long-term
• C. Immediate
• D. Intermediate

Answer: (B)

Time horizon defines the type of goal. A goal like retirement is planned for many years ahead, so it’s a long-term goal. Long-term goals shape your overall plan and the big steps you’ll take over time, with smaller milestones along the way (saving gradually, building a career, planning investments). Immediate goals are things you want or need right now, short-term goals cover the near future (weeks to months), and intermediate goals sit in between, usually a few years out. Because retirement lies far in the future, long-term is the best fit.

Time horizon defines the type of goal. A goal like retirement is planned for many years ahead, so it’s a long-term goal. Long-term goals shape your overall plan and the big steps you’ll take over time, with smaller milestones along the way (saving gradually, building a career, planning investments). Immediate goals are things you want or need right now, short-term goals cover the near future (weeks to months), and intermediate goals sit in between, usually a few years out. Because retirement lies far in the future, long-term is the best fit.