MaxiFi's Full Risk Investing Lets You See the Good, Bad, and Ugly from Risky Investing
larrykotlikoff.substack.com
If you are doing financial planning, chances are you are "planning" with one the hundreds of thousands of Registered Investment Advisors (RIAs) or broker-dealers who are doing conventional planning. They all run Monte Carlo simulations showing you the probability of achieving "your" plan -- the typically miles-too-high retirement spending goal they've set for you in one of three ways -- using an 85 percent of pre-retirement income replacement rate, asking you what you'd like to spend annually in retirement (my answer is $1 billion), or assuming you will withdraw 4 percent or some other constant share of the assets
MaxiFi's Full Risk Investing Lets You See the Good, Bad, and Ugly from Risky Investing
MaxiFi's Full Risk Investing Lets You See the…
MaxiFi's Full Risk Investing Lets You See the Good, Bad, and Ugly from Risky Investing
If you are doing financial planning, chances are you are "planning" with one the hundreds of thousands of Registered Investment Advisors (RIAs) or broker-dealers who are doing conventional planning. They all run Monte Carlo simulations showing you the probability of achieving "your" plan -- the typically miles-too-high retirement spending goal they've set for you in one of three ways -- using an 85 percent of pre-retirement income replacement rate, asking you what you'd like to spend annually in retirement (my answer is $1 billion), or assuming you will withdraw 4 percent or some other constant share of the assets