We have had plenty of tough times yet keep making progress. It isn’t fun, but we do it. To abandon sound long-term financial plans designed to overcome short-term issues out of a fear over short-term events is not a good strategy.
It takes some time and a lot of empathy, but I have found that working through a good financial planning process shifts the focus to how to be more resilient and away from requiring good guesses about what will happen next.
Dan Moisand, CFP, has been featured as one of America’s top independent financial advisors by Financial Planning, Financial Advisor, Investment Advisor, Investment News, Journal of Financial Planning, Accounting Today, Research, Wealth Manager, and Worth magazines. He practices in Melbourne, Fla. You can reach him at www.moisandfitzgerald.com.