“I’m 62 years old, and my wife is 57. We both work full time. We have 401(k)s, three investment properties, our residential home, and enough cash to pay off our mortgage. We want to retire in five years. We’ve never worked with a financial advisor but are feeling a bit overwhelmed. We’re hoping to understand how you would approach the matter with us.”
Don’t be an Ass: Navigating the Uncertainty of Assumptions in Retirement Planning
“Everyone knows that when you make an assumption, you make an ass out of 'u' and 'umption'.” Mitch Henessey - The Long Kiss Goodnight (1996)
Samuel L. Jackson's character, Mitch Henessey, had a memorable line in the movie A Long Kiss Goodnight that cleverly conveys the risks associated with making assumptions. In the complex world of retirement planning, we often deal with those hazards as we rely on various expectations of the future to chart possible financial outcomes.