May
18
In recent years, Monte Carlo simulation has become a popular tool for financial advisors to motivate their clients to follow recommendations. By presenting a single probability-of-success percentage, Monte Carlo analyses give clients a simple, instantaneous metric on the state of their financial plan. And because many clients naturally like to challenge themselves to do better Read More... The post The Gamification Of Monte Carlo: How To Incentivize Proactive (Not Reactive) Retirement Spending Goals first appeared on Kitces.com .
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