Different Approach to Financial Planning Addresses ‘Missing Middle’

According to popular opinion (opens in new tab), sound financial planning advice consists of two main steps: save for emergencies and save for retirement. After 30 years in the financial services business, I have found this to be misleading. It’s a phenomenon I call “the Missing Middle.”

Just think about how life tends to happen for many people: You get a job and an apartment. You find someone you want to spend the rest of your life with and get married. You start a family. You buy a house. Then…