20d • General discussion
Affordability and long-term decisions
Affordability and long-term decisions
CFP Board reported on September 23 that 69% of surveyed CFP® professionals said clients had become more worried about affordability over the prior year. Half said affordability pressure was leading some clients toward reactive actions that could harm long-term goals. The survey included 440 CFP® professionals and has a reported ±4.7% sampling error. (Read the release and methodology)
Keith Ayoby Mason’s commentary angle:
“Pressure is real, but pressure should not hide the tradeoffs. Before changing a long-term strategy to solve a short-term problem, understand the full picture: what the action solves, what it may cost, which alternatives exist, and whether personalized guidance is needed. Financial education improves the question; a financial plan connects the answer to the rest of your life.”
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Affordability and long-term decisions
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