Our industry spends a great deal of time thinking about where a portfolio is invested and how those investments perform over time. Perhaps not enough time is spent discussing the force we think most impactful with regard to meeting long-term financial goals: savings. After all, without savings, there’s no portfolio. And no manner of fanciful investment scenario can save a financial plan that focuses too little on dollars put away for far-in-the-future spending.
0519 SRCM Commentary