RonBoyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Here is an interesting article
The New Math of Retirement
that points out the big problem with Monte Carlo forecasting.
The New Math of Retirement
that points out the big problem with Monte Carlo forecasting.
There's one key fact of life that most retirement planning advice gets wrong: the way people actually live and spend when they retire. Put simply, most retirement calculators and planners aim for decades of level spending, but most people reduce their spending as they move through retirement. That's a disconnect that can significantly skew the results of the typical planning exercise, says a recent study from the Society of Actuaries and the Actuarial Foundation. It could lead workers to take greater investment risks, or be overly frugal during their final years of work or their first active years of retirement.