The Problems with Monte Carlo Are in Your Mind, Ep #314

Even if you aren’t familiar with Monte Carlo analyses, you’ve probably used it. Monte Carlo drives math behind the retirement planning software that you use. Monte Carlo software is truly amazing, however, the way people look at it is wrong.  In this episode, you’ll hear the pros and cons of Monte Carlo analysis and how you can use a Monte Carlo calculator to maximize your full retirement potential.  Outline of This Episode [1:52] When Monte Carlo simulations work and when they don’t [7:10] How to use Monte Carlo simulations effectively [15:13] Should you annuitize to provide a safety net? Resources & People Mentioned Advisor Perspectives article Check out the Monte Carlo analysis lesson for FREE at RetirementIncome.University! BOOK - Die With Zero by Bill Perkins Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify