The Problems with Monte Carlo Are in Your Mind, Ep #314
Even if you aren\u2019t familiar with Monte Carlo analyses, you\u2019ve probably used it. Monte Carlo drives math behind the retirement planning software that you use. Monte Carlo software is truly amazing, however, the way people look at it is wrong.\xa0
In this episode, you\u2019ll hear the pros and cons of Monte Carlo analysis and how you can use a Monte Carlo calculator to maximize your full retirement potential.\xa0
Outline of This Episode- [1:52] When Monte Carlo simulations work and when they don\u2019t
- [7:10] How to use Monte Carlo simulations effectively
- [15:13] Should you annuitize to provide a safety net?
- Advisor Perspectives article
- Check out the Monte Carlo analysis lesson for FREE at\xa0RetirementIncome.University!
- BOOK -\xa0Die With Zero\xa0by Bill Perkins
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