Plan Your Financial Future as You Do Your Health

Just as your health changes over time, markets change even faster

Ever hear the phrase, “your financial health?” A good way to appreciate planning your financial future is to see it as akin to maintaining your physical health. The parallels are instructive.

If you have a chance, read doctors Jerome Groopman and Pamela Hartzband’s excellent book, Your Medical Mind. The similarities between physical and financial health are striking.

The authors make the (to some) surprising statement that medicine is actually not an exact science. Financial planning is likewise inexact, even though answers often come from formulas. But these formulas use assumptions that change all the time.

“Uncertainty pervades much of medical decision-making,” the authors write. “And in situations where one cannot predict the outcome exactly, how the decision is made can be as important as what decision is made.”

Investment is completely fraught with uncertainty. No matter what you read, no asset is totally safe, not even cash or U.S. Treasuries. This is why every investment product on the planet comes with the disclaimer that past performance is no guarantee of future returns. None of the financial cognoscenti can actually foretell the state of the markets. In medicine, you can’t predict health or illness, nor can you determine your lifespan.

Why Planning Matters

There is a parallel between the probability of the person (longevity uncertainty) and the probability of the portfolio (market and economic uncertainty). It takes considerable finesse and prudent saving for a lifetime to make sure that the portfolio lasts at least as long as the person. Understanding those two probabilities– and their risks and benefits – are equally important in your financial decision-making.

In both spheres, all that you can do is plan and prepare. You need to be as informed as possible to make good choices. Your chances of success are much better when you have an experienced and well-trained professional in your corner to make the right diagnosis and recommendation. Physicians, like advisors, give face-to-face advice, but of course, no professional service is perfect.

How We Can Help

A good advisor should spell everything out for you in ways that you understand. After all, it is your future that you are working on. If your doctor or advisor dismisses you out without explaining problems and solutions, you can find a better one.

Decision-making in both areas changes with circumstances and works best with consistent, objective planning. Just as your health changes over time, markets and economies change even faster. The health of your financial future depends on having a plan that is flexible enough to adapt with you.

That’s why we created our Custom Retirement Paycheck Plan. With our Custom Retirement Paycheck Plan, we take the guesswork out of retirement planning so that you can feel confident about your financial future.

In this custom report, we’ll how to protect your retirement from the risks of unexpected market swings, tax changes, and health care expenses using a mathematically tested strategy to create lifetime income allowing you to stop worrying about outliving your money and get on with enjoying the rest of your life.

Let us show you in black and white a custom retirement income plan that is comprehensive, individualized and based on strategies that balance growth with downside protection. Get your Custom Retirement Paycheck Plan now!