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Retirement Income Practice Management

Research, Insights and Tools for Financial Advisers Responding to a Changing Marketplace

The Monte Carlo Tyranny

Posted on Wednesday March 18th, 2009 at 18:15 in Public Policy, monte carlo, client management, planning tools

Historically, we have been strong proponents of using Monte Carlo simulation to develop Retirement Income plans. Here is what we said in Adapting A Practice:[We believe] that scenario-based modeling -- considering probability ranges based on past mar...