"Let's determine your probability of success in retirement..." A phrase that financial advisors might use when sitting down with someone and discussing their portfolio, "probability of success" helps paint a picture of how a person's retirement situation will pan out depending on their current course of action heading in to retirement.

But, if you're afraid that your current plan for withdrawing money in retirement wouldn't give you a 100% rate of success, you might hesitate to take a look at your current situation. Truth is, sometimes "we suffer more in imagination than in reality." (Thanks, Seneca the Younger!).

That's why this episode of After The Paycheck covers how financial advisors determine probability of success, and how you use this knowledge to help have the right conversations with the right people to help increase that probability of success in retirement.

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