By Andrea Thompson

The idea of making 'a plan' has been overemphasized. Everyone supposedly needs one, correct? "My advisor insisted I must have a plan ready!"

The issue is that most people don't actually grasp what 'a plan' entails.

The Problem with "The Plan"


Generally, when a prospective client receives a plan, it often comes from a department adjacent to their advisor, though not always. The plan consists of a series of projections with compiled data, presented as a package filled with charts, graphs, and assurances like "you're going to be fine." It typically includes a lengthy task list, which can be overwhelming.

At times, the advisor doesn't deliver this plan personally; instead, it's provided by someone from the financial planning department, a role I am quite familiar with from my own experience.

The process can be overwhelming and serves primarily one purpose: to confirm that a plan has been completed. Check!

Read on to see how Andrea's planning process works!

Debunking myths: Planning Projections vs. Financial Planning
The idea of making ‘a plan’ has been overemphasized. Everyone supposedly needs one, correct? “My advisor insisted I must have a plan ready!“The issue is that most people don’t actually grasp what ‘a plan’ entails.The Problem with “The Plan”Generally, when a prospective client receives a plan, it often comes from a department adjacent to their advisor, though not always. The plan consists of a series of projections with compiled data, presented as a package filled with charts, graphs, and assuran
Modern CentsAndrea Thompson