Our 2 Cents
Episode 128: This 'Lazy Way' of Financial Planning Should Be Banned
Feb 15, 2023
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 safe
- 5 Habits to Feel and Stay Young in Retirement:
- The importance of creating structure to your day
- Why breaking up the routine is crucial as well
- Retiring doesn't mean you should leave your social life behind
- Healthy eating and exercise are keys to a longer life (and retirement!)
- Getting involved can help you live a retirement life with purpose