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

Our 2 Cents

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. 

  1. 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
  2. 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