Financial advisers frequently use Monte Carlo analys`is to demonstrate the resiliency of a financial plan. These simulations produce a score that is useful in securing a client's confidence in their ...

How might you go about using Monte Carlo simulations for your retirement plan? Well, first you need to understand what Monte Carlo is and what it isn’t. According to Dana Anspach, CFP, RMA, the ...

In early November 2007, two investors met in the waiting room of their financial adviser's office. By chance, both Robert, 62, and Sandra, 78, had appointments to discuss their retirement financial ...

As a financial advisor, I’ve had the pleasure of helping many clients comfortably reach and enjoy their retirement years. During my career, a few consistent themes have emerged. Clients generally want ...

Is the idea of the "safe" withdrawal rate nothing more than the Tooth Fairy of the retirement planning industry – mere fiction? Some financial experts are calling the methods used to calculate safe ...

If you use Excel 40 hours a week (and those are the weeks you are on vacation), welcome to the MrExcel channel. Home to 2,400 ...

I'm not a fan of financial plans that use straight-line projections or Monte Carlo risk analysis to support investment proposals. Here's why: They can lull people into a false sense of security or ...