This looks pretty interesting although I haven't read through it all yet. I like that it focuses not only on goals but also on risks - market, health, longevity/mortality, event, and tax/policy risks specifically. Although it is aimed at those not yet retired I firmly believe in revisiting one's plans regularly to make sure you are on target.
I just read the introductory section on goals and really like the order in which they listed them:
- Basic living expenses (as in you need a budget folks!)
- Contingency reserve (those unplanned but expected events such as large healthcare or custodial care expenses, car or home repairs, etc.) - If you are still working this would include job loss and short term disability situations as well. I would add natural disasters if you live in an earthquake prone area like I do, etc.
- Discretionary spending (surprise! they list dining out in this category although I put it in our budget as I do vacations however a major trip I would consider discretionary as are large gifts)
- Legacy (leaving $ to heirs or charities)
Of course you might prioritize leaving a financial legacy over discretionary spending but you can't argue with basic living expenses and a contingency reserve as top priorities.
If you read this let me know what you think please!I'm going to work through it and will post about it.