If a goal describes your plans for retirement, what kind of goal is it?

A goal that describes your plans for retirement is considered a long-term goal because it typically requires a significant amount of time to achieve. Retirement planning involves setting objectives that may span several decades, often beginning in early adulthood and extending until retirement age. This type of goal focuses on accumulating savings, investing for the future, and making financial decisions that will support your desired lifestyle once you leave the workforce.

Long-term goals, like retirement, usually require careful planning and the establishment of smaller, interim goals along the way to ensure that you stay on track over the years. In contrast, short-term goals usually pertain to immediate objectives that can be achieved within a year or less. Mediocre is not a recognized classification of goals in this context, and interim goals are temporary objectives set to help reach long-term goals. Thus, when considering a goal of retirement planning, it inherently falls into the category of long-term goals due to the extended timeframe and the investment of effort and resources required to achieve that vision.