Market Commentary & Viewpoints, Retirement

Ladies and Gentlemen, This is Your Pilot Speaking

March 19, 2020

 

As I get used to the new (temporary) normal, working from home each day, I’ve had the morning news shows running in the background and find myself each day stopping my work during the segment where they have a doctor on who is answering write-in questions from viewers.  I’m paying attention because in many cases, it’s the same questions I have.  In that light, I thought I would use the questions my clients have been asking and share my responses as their questions likely represent your questions.

Before I do that though, let me share this quick story.  I was talking with a client the other day and we were discussing my role for clients in moments like this and he likened me to the airline pilot who comes on the loudspeaker and says “Folks, we’re about to hit some turbulence so I’m going to have you stay in your seat, fasten your seat belt, and we’re going to stop serving drinks for a bit while we navigate our way around this.  Don’t be alarmed as it gets a little bumpy.  We have it under control up here in the cockpit.”  I’ve been on flights where the pilot does say something like that, and also on flights where they have not.  Which flight is more nerve wracking?  Of course, when we know something is coming, our stress is always more manageable.  If you have not done so already, please take a moment to read my pilot’s message: “Folks, it may seem different this time, but rest assured, the future is always the same.”

Now, for some Q&A:

“Is there something you think I should be doing during this time of uncertainty?”

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