Why Your Retirement Plan Requires Flexibility

Over the years I have had individuals say to me, “Why bother with a plan as it doesn’t work out in the end anyway?” They claim that the rate of return assumption falls short of what was anticipated or that job loss, a divorce, or other factors can derail the outcome of a long term plan. I agree that the further you are from retirement, the greater the probability that your projected net worth will deviate from what we project today. I have also found that those without...