The other day I was sitting with a client going through his
goals for retirement. Thankfully, most of what he and his wife want and need
should be covered. After the meeting we got into a deeper conversation about
the benefits of planning.
Although his plan on paper looks good, life is funny how
it throws curves at your best made plans. I shared with him one of my favorite
quotes from Mike Tyson, the boxer and now actor, “everyone has a plan
until they get punched in the face.”
Sorry to be skeptical, but part of my job as an advisor is
to under promise and over deliver. Thankfully, my client is happy, even if some of the assumptions are off, he has a map and having that
map is comforting. We all would agree that having a map when you are
lost is better than having nothing at all.
Along these lines I wanted to share a recent article from
Carl Richards, a financial planner, who writes for the New York Times. Richard
writes about the Zen of planning and living in the moment. While this may sound new agey, the premise is right; living in the moment entails planning, or at least
peeking into the future and examining what our values may be going forward.
Planning is a great exercise in envisioning our course but
it’s not written in stone.
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