Today, I want to share a recent email I received from my financial planning team:
We have posted your Q2 status reports and please note the following,
- XXXXXX – We would proposed changing the risk from Balanced Income to Risk Averse and increasing their Travel goal from $7k to $8k.
- XXXXXX – The plan is overfunded and unless we identify new goals or expand on existing goals, we will need to reduce their risk exposure. Please advise.
- XXXXXX – This plan is currently overfunded, and based on the existing parameters, we would need to adjust the risk from Balanced to Risk Averse in order to bring the recommendation back with the comfort zone. Do you want us to make this change or do you want us to expand existing goals before changing the allocation?
Please provide guidance on the above and let us know if you have any questions.
I wanted to share this with you for a couple of reasons . . .