One of the core inputs required in the financial planning process is the assumption of what the future return of a given portfolio will be. Obviously higher returns are preferable because they translate into greater spending power and/or reaching your goals sooner. Yet higher returns come with a caveat; higher risk. There is a very strong correlation between risk and return.
One of the hardest hurdles to overcome in life is our ability to discern those things we can control and those things that are beyond our control (serenity prayer.) This is very apparent in the area of investing. As a leading wealth manager speaking with folks around the country and on radio the majority of questions posed to me tend to be centered around the things that we cannot control.