Stress-Test Your Financial Plan Against Real-World Conditions

Your financial plan has been carefully designed to help you reach your long-term financial objectives. But there’s one problem: that plan is likely based on certain assumptions that may or may not come to pass in real-world conditions. For example, your plan might not account for inflation or changing interest rates, and you may not realize it until it’s too late.

Stress-testing your financial plan is a good way to ensure it is robust enough to withstand market or economic changes, but that doesn’t mean you have to wait for market or economic conditions to change. At XML, we use eMoney to safely stress-test your portfolio and observe how it might perform in a variety of different scenarios. This Kiplinger article explains what stress-testing is—and how you can give yourself a head-start on the process.

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