Friday
Friday Flash Prompt: Pessimistic Scenarios
Well, it happened. I came across something in The New Yorker I love. It came from an advertisement from Lincoln Financial Group:
In these meetings [about retirement] we…consider many pessimistic scenarios (poor returns, living to age 100, high inflation, etc.)
You would expect (of course) the punchline, that living to age 100, to appear at end of this list of items. It says something that it’s second, between poor returns and high inflation. All that this association implies, that juxtaposition of pessimistic scenario and living to age 100, feels flash-like, leading us from the particular to something larger, that uncanny way that a flash goes off, giving as a glimpse of what’s been hidden and thus forcing us to second-guess our previous worldview.
It says something about money, for sure, about how horrible it might be to live beyond the life of one’s savings.One can imagine the conversation when such a thing is explained to clients. That’s Friday’s Prompt: the meeting between client and financial advisor, and somewhere try to use the sense, if not the exact wording, of this pessimistic scenario.
Post Your Comment