Financial Independence is a dream that many long to achieve. Most would likely agree that dwelling on the past seldom leads to reaching one’s goals and dreams. As only a comedian can do, this clip from Conan O’Brien dramatically shows how perceived misses do not lead to meeting your goals and dreams.

It is not hard to imagine that one would wish for an “easy button” that magically provides the perfect plan, and better yet, no changes needed to be made in the plan. People serious about their financial future recognize that the likelihood of that happening is very small. In a previous article “Evidence for a Successful Retirement”, six areas to be explored included: sufficiency of cash reserves, assessing the potential exposure of loss of assets and/or liability, evaluation of the resources needed for financial independence from employment, a solid investment strategy that is consistent with goals and other considerations in the plan, the accomplishment of the transfer of wealth to the right people/ entitles and the necessary funding of any special needs.

A good plan focuses on the future and engages high probability strategies and tactics to meet long-term goals and objectives. The past may be instructive, but for most people developing a solid plan and sticking with it will do much more to meet the goals and achieve financial independence.

The foregoing content reflects the opinions of White Oaks Wealth Advisors and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns.

Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.