Explanation of how Monte Carlo scenario analysis should be used in retirement planning, how to interpret its result and why a Monte Carlo result of 80% is NOT a similar scenario as a pilot telling you there is only an 80% chance of making it to your destination...


To listen to the Monte Carlo episode of my podcast, "Retirement Planning Education" - https://retirementplanningeducation.b...

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DISCLAIMER: This video is only helpful hints and education. It is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor. While the information expressed in this video is believed to be accurate, neither Andy Panko, CFP®, RICP®, EA nor Tenon Financial LLC make any guarantees to its accuracy.