Monte Carlo Failures Arent Plane Crashes, Ep #290
Have you ever used a Monte Carlo analysis to help you plan retirement? If so, the results can seem scary. You may be looking for a 100% likelihood of success so that you can rest easy\u2013after all, you are probably hoping for a 100% successful retirement.
However, in this episode of Retirement Starts Today, you\u2019ll learn why a 100% success rate should not\xa0be your goal. Listen in to hear why.
Outline of This Episode- [1:42] Retirement plan uncertainties
- [8:00] Don\u2019t shoot for 100% success with a Monte Carlo analysis
- [10:25] How to figure out the cost basis
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