Joe and Mary were finally headed into retirement.
They were in good financial shape, and many things seemed to be falling into place. But just as they started to move ahead with confidence, the first shoe dropped. Joe’s doctor of 25 years was retiring. He would have to find a new one. Then it was their accountant, her dentist and finally their financial adviser. It made sense.
They had met most of these service providers more than 20 years ago. Like Joe and Mary, these people had put in long careers and were headed to a new stage themselves.
While it was understandable, Joe and Mary weren’t happy about it — although they were kind of relieved in one case because they didn’t want to have to fire their 70-year-old accountant. In addition to the extra time and effort spent looking for new professionals, they had to think about what they were looking for.