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September 2015 » Why Financial Planning Makes Sense...
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Stuart Kessler, CPA, PFS
In contemplating the nuances of why financial planning makes sense for CPAs, I thought of the old story about the ship with the stubborn captain. While plying the waters off of Long Island, he noted what he thought was a ship on his radar. Upon being informed of this problem, the captain ordered his radio operator to send the following message: “You are in our path. We advise you to adjust your course 10' west.” The reply came back, “You are in our path, we advise you to adjust your course 10' east.” The captain, a bit annoyed, then declared: “I am a U.S. naval captain; I demand you adjust your course 10' west.” The reply: “I am a first class seaman, I demand you adjust your course 10' east.” The captain was so livid that he grabbed his phone and screamed, “This is a United States battleship, I strongly suggest you adjust your course 10' west,” and the reply came in “This is a lighthouse—I strongly suggest you adjust 10' east.”
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