I am a basketball fan. I’ve enjoyed playing the game (mostly in the past), following the NBA, and, college basketball’s March Madness tournament, of course! In basketball, a player pivots when they plant one foot, but then quickly spin to go the opposite direction. It happens many times during the game.

Two weeks ago, my wife and I were planning to fly to Florida for a week-long vacation in beautiful Clearwater Beach. We were really looking forward to this vacation. Unfortunately, both of us developed severe cold/allergy symptoms just a day or two before we were to travel. The condition of our upper respiratory tracts would have made flying miserable. In addition, we were planning to share a 2-bedroom suite with another couple in Florida. For those reasons, we knew we had to “pull the plug” on our plans. However, we both had cleared our schedules for the coming week. We knew we had to make a quick pivot to find an alternative vacation strategy. We ended up staying home for 2 more days before driving to a beautiful golf resort in West Virginia. We enjoyed a wonderful week of rest, relaxation, warm spring sunshine, and great food!

Pivoting is a vital part of the way we approach financial planning at Master’s Advisors. While many of our industry peers create an initial financial plan for clients, they often take a set-it-and-forget-it approach. Prudent financial planning should not be done that way! Life will always throw changes and surprises our way. Our unique planning approach requires us to constantly be tweaking, adjusting, and updating your plan for whatever life changes come your way. It is the only way financial planning can be effective. You can be confident that we will always be aware of the need to keep your plan current and adaptable.

We enjoy the opportunity to “do life” with you, our clients, and friends. Tell us about a time you had to pivot (abruptly change your plans), but then experienced a pleasant/positive outcome. We would love to hear your pivoting story!