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18min chapter
Wade Pfau - A Financially Successful Retirement Is Possible
Economics Matters with Laurence Kotlikoff
Monte Carlo Simulations in Financial Planning
This chapter explores the use of Monte Carlo simulations in financial planning, highlighting how these simulations generate random returns and their sensitivity to input assumptions. It discusses the historical success rates of retirement income spending strategies and the impact of varying market assumptions on sustainable spending levels. Additionally, the conversation delves into the challenges of using historical data for financial simulations and the implications for forecasting future market conditions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode