Episode 128: This 'Lazy Way' of Financial Planning Should Be Banned
Today we're poking holes in a common financial planning strategy called a Monte Carlo and explaining why we don't consider it to be a reliable planning technique. Then, we are giving you 5 ways to keep feeling young throughout your retirement years.
This 'Lazy Way' of Financial Planning Should Be Banned:
What is a Monte Carlo simulation and how are the results generated?
What factors could generate vastly different and unreliable results for the exact same client?
Why the "safe" withdrawal rate isn't really safe
5 Habits to Feel and Stay Young in Retirement:
The importance of creating…
The skinny
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