The Risk-Based Guardrails Approach to Financial Planning

Financial planning industry tends to design a long-term 30-year or longer plan based on their understanding of plan goals, assets, cash flows, and liabilities. In other industries that have long-term multi-year developments, they create milestones where a plan is reviewed and adjusted for a new forecast. "I feel like this is precisely what the risk-based guardrails approach does," he says.