
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.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.