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Episode 128: This 'Lazy Way' of Financial Planning Should Be Banned episode artwork

EPISODE · Feb 15, 2023 · 34 MIN

Episode 128: This 'Lazy Way' of Financial Planning Should Be Banned

from Our 2 Cents · host Our2centspodcast

Today we're poking holes in a common financial planning strategy called a Monte Carlo and explaining why we don't consider it to be a reliable planning technique. Then, we are giving you 5 ways to keep feeling young throughout your retirement years. This 'Lazy Way' of Financial Planning Should Be Banned:What is a Monte Carlo simulation and how are the results generated?What factors could generate vastly different and unreliable results for the exact same client?Why the "safe" withdrawal rate isn't really safe5 Habits to Feel and Stay Young in Retirement:The importance of creating structure to your dayWhy breaking up the routine is crucial as wellRetiring doesn't mean you should leave your social life behindHealthy eating and exercise are keys to a longer life (and retirement!)Getting involved can help you live a retirement life with purpose

Episode metadata supplied by the publisher feed · Published Feb 15, 2023

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Today we're poking holes in a common financial planning strategy called a Monte Carlo and explaining why we don't consider it to be a reliable planning technique. Then, we are giving you 5 ways to keep feeling young throughout your retirement years. This 'Lazy Way' of Financial Planning Should Be Banned:What is a Monte Carlo simulation and how are the results generated?What factors could generate vastly different and unreliable results for the exact same client?Why the "safe" withdrawal...

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Episode 128: This 'Lazy Way' of Financial Planning Should Be Banned

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This episode is 34 minutes long.

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This episode was published on February 15, 2023.

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