As we cross the mid-way point of 2024, graduation ceremonies have passed and the summer is upon us.

For you fellow “Game of Thrones” fans, there are new episodes of the prequel “House of the Dragons” to enjoy.

And as long as we’re indulging in a little fantasy, who wouldn’t want a pet dragon?

• No more airports
• An instant source of energy
• A great way to settle any scores

But the unintended consequences?

• Think storing your boat or RV is a problem?
• Feeding three growing boys was one thing, but satiating a dragon’s appetite without upsetting the neighbors?
• And upsetting your pet takes on an entirely different meaning….

But I digress – let’s ponder the potential unintended consequences of focusing your working life on not outliving your financial resources?

Having helped families plan their investments and spending across multiple generations, it is always difficult losing a beloved patriarch or matriarch….

And if they have left behind substantial financial assets, I found myself asking a tough question….

Did I encourage them to take advantage of their hard work and good fortune enough by not severely underspending relative to their resources?

There is that old saying about the perfect financial plan resulting in the very last check we write bouncing, but in reality there is almost always far more left behind than most anyone planned, or could conceive their estate would leave to those people and organizations they cared deeply about.

Your life and mine are best measured as the sum of all the experiences we’ve had, which lead to “memory dividends” that become even more valuable as you talk about your experiences with others.

Aren’t these experiences the most valuable commodity in our lives?

So that begs the question – have we focused too much on not outliving our financial resources to the detriment of living our very best life?

Ultimately, my job these last 41 years has been less about maximizing investment returns and more about minimizing long-term regret.

Striking that balance is arguably far more valuable than picking the best stock to own….

We hope you carve out some time this summer to enjoy the people and experiences you love!

Andy, Patty, and the Proquility Team

P.S. And speaking of ceremonies, Patty hit the trifecta recently with daughter Lexy and son Brandon receiving a degree and a diploma, respectively, while Mom was recognized by the Meadows School for her many years of volunteering – congratulations to all!