What type of goals are typically set to be achieved in about five to 10 years?

Intermediate-term goals are those that individuals typically set to be achieved within a time frame of about five to ten years. This period allows for planning and execution of more substantial objectives, such as purchasing a home, paying off student loans, or saving for a child’s education. These goals are more significant than short-term goals, which usually focus on achieving results within a year or less, and they require more time and resources than one might allocate for short-term objectives.

In contrast, long-term goals often extend beyond ten years and involve plans that may be more distant, such as retirement savings or estate planning. Crisis goals are uncommon in conventional financial planning and refer to objectives set in response to immediate urgent needs rather than a structured timeline. Therefore, the focus and duration associated with intermediate-term goals uniquely characterize them as the correct answer for this question.