Planning matters

Have I done all I can?

Plan for the best, prepare for the worst.

In our case, braving the hurricane. Our daughter lives in Texas. Last week, after her summer visit, we watched her head back to Houston on the red eye. It was the day before Hurricane Harvey.

Because, whether it’s Plan A or Plan B, having a plan makes for informed choices.

Our daughter returned to her apartment, unpacked, and stocked the pantry. She asked, “Have I done all I can?” Our advice to her for the pending storm: plan for the best, prepare for the worst. Having little experience with storms of the south, she mentally walked through the plans and prepared as best she knew how. Turns out that was good enough.

Harvey’s record rainfall covered the city. After 72 intense hours, I’m happy to report our daughter is fine and we’re grateful. Very grateful. Extremely grateful. Harvey was far-reaching and not everyone touched by it managed as well.

Both parent and child renewed confidences this week. Our daughter’s actions were brave, smart, and calm at all the right moments. She planned. She prepared.

Plan for the best, prepare for the worst. A saying that became our mantra for Harvey. Plan for success in each scenario and everything in between. I’ve seen the same mantra successfully unfold for clients who come to Johnson Bixby. Financial planning renews confidences. Because, whether it’s Plan A or Plan B, having a plan makes for informed choices. Even when those choices are for the unknowns or the unpredictable, be it Hurricane Harvey or a bear market.

Applying the same mantra to approaching retirement and asking “Have we done all we can?”, we renewed our confidence that we’re capable of a successful financial future, even through a storm. We’re confident because we worked with a planner and we prepared. Our financial choices can be brave, smart, and calm at all the right moments because we’re informed. I hope we don’t experience another hurricane, financial or physical, anytime soon, but we’re prepared either way and that’s a good feeling.

Here are a few local Houston charities as suggested by the Houston Chronicle.

These charities may not get much national attention but can make a difference and ensure your donations stay in Houston.

Written By Casey Bergstrom