Greetings -
My wife and I are both 54, and seriously considering hanging things up within the next 12 months. I've been running Firecalc scenarios over the last few years, and we also work with a financial advisor from Raymond James.
I'd love some opinions on the following:
1. How do people weight the difference between Firecalc success rate -vs- Montecarlo percentages I am provided by RJ? Example is that we are at 100% with Firecalc, but range between 85% and 90% with the RJ Monte Carlo exercise.
2. Would you be comfortable with 85% on a Monte Carlo estimate? 90%??
Just looking for some groupthink advice.
Thanks in advance!!
My wife and I are both 54, and seriously considering hanging things up within the next 12 months. I've been running Firecalc scenarios over the last few years, and we also work with a financial advisor from Raymond James.
I'd love some opinions on the following:
1. How do people weight the difference between Firecalc success rate -vs- Montecarlo percentages I am provided by RJ? Example is that we are at 100% with Firecalc, but range between 85% and 90% with the RJ Monte Carlo exercise.
2. Would you be comfortable with 85% on a Monte Carlo estimate? 90%??
Just looking for some groupthink advice.
Thanks in advance!!