Changing Goals Over Time

If you have worked with us for a while, particularly through a recession or bear market, you will know that we strive to maintain a steady approach to our strategy during turbulent times. 

That does not mean that your financial plan is static. It should be as nimble as your life needs it to be! While we don’t want to be reactive to market moves that we cannot control, we do want to be responsive to the many curve balls life can throw! 

Here is a list of just a handful of life and plan-altering conversations we’ve had this year: 

• I’ve been forced out of my job before I planned to retire. Now what? 

• We’ve decided to sell our business. 

• I’ve received an inheritance and don’t know how to approach decision making. It feels difficult to both feel grief for my loss and excited to think of the new opportunities the financial gift may bring. It feels awkward, but I want to make good decisions -help! 

• I’m going through an unexpected divorce. 

• We’re expecting a new baby! 

• I’ve had a significant health event that has made me rethink my approach to risk. 

• I’ve decided to go back to school. How can I prepare for less income and more expenses at the same time? 

In each of these cases, our planning work goes into overdrive. Some are positive changes, and others are difficult. But they each represent a significant change that needs to be addressed thoroughly to make the most of the circumstances. 

It may not seem obvious at first, but when major changes happen, there is a ripple effect on other financial topics too. We review our original planning work and assumptions to evaluate how the new information may shift our initial assumptions. 

Are more “Plan A” options available now, or do we need to shift into a lower gear to protect the future? Developing clarity and confidence from the process is what we do best! 

Don’t hesitate to reach out as life happens.