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Hope So vs. Know So
Financial Planning 101: The Difference Between Hoping So and Knowing So
- Hope So: You have no true plan for retirement. You are hoping that things go your way and you are at the mercy of others. You have no control over what happens and you have no guarantees. You are hopeful, but not truly confident.
- Know So: You have a guaranteed plan for retirement. You are in control. You have an income that lasts as long as you do. You have a plan that is in writing that is contractually guaranteed. You have the peace of mind of knowing that your retirement income will always be there for you – no matter what.