3/29/2015 – Add Uncertainty to Your Financial Plans

Human beings don’t like uncertainty, especially when we’re contemplating our financial futures. It’s not enough for us to think that we’ll have enough money to send our kids to college, or to retire. We want to know exactly how much money we’ll need to achieve those goals — and precisely how we’re going to get it.

But I don’t think that certainty is possible. Not at all. Not even a little.

So here’s another idea: We should simply take our best guess — let’s call it what it is — at what we want our financial future to look like.

Read the full article at The New York Times.