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Podcast: Big Picture Retirement®
Episode: Monte Carlo Simulations: Is Your "Probability of Success" Trustworthy?
Description: In this episode, we take a closer look at Monte Carlo simulations—a tool used in retirement planning to estimate your chances of success. But are those percentages really reliable? Can an 85% or 90% success rate give you confidence in your retirement plan? We'll explain how these simulations work, how different assumptions can lead to very different results, and why you shouldn't just rely on past returns. If you're thinking, "I love the Big Picture Retirement podcast!" please consider rating and reviewing this show! This helps us support more people -- just like you -- move toward a con...