Nicole Sullivan on Policy Changes and Your Retirement — Featured in Financial Planning
We were recently quoted in Financial Planning discussing an issue we see often with our clients: policy changes can cause anxiety about retirement, but those concerns don’t always make it into conversations with financial advisors.
According to recent research by Jackson Financial and the Center for Retirement Research, nearly half of investors believe current government policies could weaken their retirement security — yet many of these worries remain unspoken during client meetings.
As Nicole Sullivan, our Director of Financial Planning, explained:
“Stress-testing and conservative assumptions are important when creating multidecade financial plans, as they help alleviate client concerns about potential policy changes.”
Prism Planning Partners works with clients to identify the minimum income needed to cover essential expenses and evaluate how their plans might adjust under various scenarios. By turning abstract policy risks into concrete “what-if” exercises, we help clients feel more confident in their long-term financial plans — regardless of political headlines.
Key Takeaways:
Many clients worry about Social Security, Medicare, taxes, and other policy shifts, but may hesitate to raise these concerns.
Advisors can bridge the gap through scenario planning and stress testing, providing clarity and reassurance.
Regular conversations focused on planning — not politics — help clients understand how their financial plans can withstand changes.
Read the full article in Financial Planning here.