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Listeners are encouraged to seek out their own advisors in these areas.

Hey, everyone, welcome to the Big Picture Retirement Show.

I'm your host, Devin, joined by my co-host, John K. Ross.

Howdy.

Yeah. John K. Ross. Howdy. I was building up there for the big, like the wrestler announcement, but I just decided not to commit to it right there at the end.

So, John, have you ever laid plans, made these beautiful plans, and then none of it worked out?

It just all went to heck in a handbasket.

Nope, everything in my world just acts perfectly.

Everything has always been perfect.

Blue skies, 70 degrees.

Of course.

Who was it?

Robert Burns that wrote the poem, The best laid plans of mice and Men often go awry. And I think that is often a

phrase that's used to just describe what good our planning often does. Because the whole thing

about planning is you are trying to step ahead and you are trying to be prepared, but it's also

acknowledging that sometimes these speed bumps come up and sometimes it's more than a be prepared, but it's also acknowledging that sometimes these

speed bumps come up and sometimes it's more than a speed bump. Sometimes it's a complete detour.

Sometimes it's your car dying along the way, right? Right. It's just complete devastation of your

plans and there's no way to recover. That's true. So that's kind of the way it is with retirement.

So we encourage people all the time.

You need to have a retirement plan. Yes. But then we will often say that you need to stress this, that plan. Because sometimes the market doesn't act like we want it to act. You know, one of the things we talk about is the sequence of returns risk. Well, that's when the market doesn't move in a straight line like people are getting used to it doing, you know, two years now of 20% plus returns from the S&P 500.

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