A retirement plan has to do more than just look good on a spreadsheet. It has to survive real life. Markets don't move in straight lines, family situations change, health can change, income can change, and if you have a plan that only works when everything goes smoothly, then you really don't have a plan.
Ask some questions: What happens when something important changes earlier than expected? What if a cost you hoped to avoid suddenly becomes unavoidable? And what if the assumptions behind your income plan turn out to be a little too optimistic at exactly the wrong time? The answers you give can reveal whether your financial plan has the ability to survive.
What are the 3 Things That Could Break Your Retirement Plan, and how might you build more resilience before they happen? Find out from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!
