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Investment Planning: How to Overcome Unexpected Obstacles

Planning for the Unexpected

I’ve always been a big believer in the value of planning. It requires you to define your needs and wants in practical terms and evaluate what it will take to satisfy them. And setting out a specific plan gives you a better chance of meeting your goals. Indeed, research indicates that investors who create and stick to a financial plan are three times more successful than nonplanners.1

But as we all know, life happens. A job loss, a new baby, a sudden windfall, a divorce or other life-changing event can take you on an unexpected personal and financial detour. You may need to re-evaluate both your goals and your plans for achieving them. Are you still on track for retirement? Have your goals changed? Does your portfolio or investing strategy need to accommodate your new circumstances? Even if you have always been confident in setting your own course, getting help can be a good idea when you find yourself in the throes of an unexpected life event.

Schwab offers a range of resources to help you weigh your options and reset your course, from educational articles, videos and podcasts to extensive financial-, retirement- and estate-planning services tailored to your unique needs. Our financial consultants and wealth strategists can partner with you to get you back on track, no matter how complex or unexpected the circumstance.

Great investing takes time, which means you have to be committed to your plan and vigilant in adhering to it. And if you do get sidetracked—by a life event or even a poor investment decision—chances are you can recover from it. Believe in your own strength of character and, if the going gets tough, let us help you through it.

 

Chuck signature

Charles R. Schwab

Founder & Chairman

1 Original data were based on 1,269 observations and came from a special retirement planning module for the 2004 Health and Retirement Study targeting Americans over the age of 50. See Annamaria Lusardi and Olivia S. Mitchell, “Financial Literacy and Planning: Implications for Retirement Wellbeing,” NBER Working Paper 17078, May 2011, page 29, http://www.nber.org/papers/w17078.pdf.

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Important disclosures:

Schwab Wealth Strategists are employees of Schwab Private Client Investment Advisory, Inc., a Registered Investment Advisor and an affiliate of Charles Schwab & Co., Inc.

Wealth Strategist consultations are only available to clients with at least $1 million at Schwab or enrolled in Schwab Private Client.

There are eligibility requirements to work with a dedicated Financial Consultant.

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