Once a month we invite a number of our professional partners to our office for a bite to eat and to share insights based around a case study I write.

This isn’t just an academic exercise for me. I want a good team of professional partners I know I can trust to support both my clients and professional connections and running these events monthly enables me to understand how they can help.

During last months inner circle, one of the delegates highlighted the importance of not only planning for the best, but also preparing for the worst.

This attribute doesn’t come naturally to me. I’m a natural optimist. However over the years I’ve realised the importance of taking off my optimist hat and putting on my practical pragmatist cap.

It’s whilst being a practical pragmatist I’m looking at what might negatively impact the plan. Whilst it’s impossible to build ‘what if’ scenarios for all circumstances, our expertise (in partnership with the technology we use) allows us to look at some of the things which might impact our financial plan including: –

–          The need to pay for long term care later in life

–          Premature death or serious illness

–          Market conditions taking a turn for the worst for a period of time

–          Loss of income 

So, the next time you’re talking to us about building your financial plan, let’s make sure we plan for the ideal but make sure we’re considering and planning for some of the things which can derail our plan.

Our job as your financial planner is to plan for the best, but also build the what if scenarios to ensure we’re considering planning for the worst and to help you ensure we’re taking the right actions to support you with this.

When it comes to helping you with this, we’re here to support every single step of the way.