how much you care about them. This is where you can make up for three quarters, or even years, of under-servicing beyond the tax and investment plan. Use this fourth-quarter opportunity to circle back to all of the reviews and services that any reasonable person may believe should be includable in a personal financial planning engagement. These may include a review of cash flow, risk management, investment planning, retirement planning, estate planning, family governance, education planning, or any other planning issue that needs to be kept fresh and updated. Of course, one meeting where you are trying to make up for poor services in the past is not likely to change their feelings immediately, but it is the start where you’ll identify issues that need attention and begin to collect the data and integrate with other professionals so that you can feel good about your comprehensive review.
When it comes to cash flow, every financial life is driven by income and expenses. This alone can make or break any financial plan. I believe it’s negligent to work with assumptions when you start a planning engagement that are never updated. Part of keeping a plan current