Monte Carlo simulation is a mathematical technique for considering the effect of uncertainty on investing as well as many other activities. A Monte Carlo simulation shows a large number and variety of ...

How might you go about using Monte Carlo simulations for your retirement plan? Well, first you need to understand what Monte Carlo is and what it isn’t. According to Dana Anspach, CFP, RMA, the ...

As a financial advisor, I’ve had the pleasure of helping many clients comfortably reach and enjoy their retirement years. During my career, a few consistent themes have emerged. Clients generally want ...

You can’t predict the future, of course, but that doesn’t stop some financial professionals from trying. Of the many methods devised to anticipate different possible futures in financial planning, ...