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The problem is when your investments don't earn 12% every year and year after year, things may not work out the way you want. You may find you need life insurance longer than you thought. The real problem with following any financial guru, even if their advice is sound, is what happens when things go off path 10% or 20%? Does the plan collapse? Was all the investment return earned just you could pay a much higher premium in your old age because you bought term as a young person?
It's an odd thing to think about in planning but simply ask what happens if you're wrong? How much damage hits you if you guessed wrong about the future? This means taking a broader approach to planning, spreading risk and return to have things work out in different markets. A racing scull is faster than a rowboat, but when a wave hits and flips the racing scull over, but rocks the rowboat, which was a better choice for the body of water?