A sound financial strategy must anticipate life’s negative events and eroding factors that could potentially result in failure. A car accident, fire, or lawsuit could result in devastating costs. Similarly, stock market losses, interest rate fluctuations, or the state of the economy could cause retirement to be greatly delayed or even impossible. A long term illness, disability, or premature death could wipe out a family’s income, force the undesired liquidation of assets, or a permanent downgrade in lifestyle.
By accounting for these risks and others, we can structure a financial strategy that will succeed under any adverse condition.