In January, PhD economist, Wade Pfau, one of our nation’s most respected authorities on retirement decisions, co-authored, with CFA Massimo Young, yet another devastating critique of conventional financial planning. The study, tellingly titled, The Dangers of Monte Carlo Simulations, focused on conventional financial planning’s core element – Monte Carlo simulations of portfolio survival rates.
A New Study Confirms: Conventional Financial Planning Is Worse Than We Think Print
Modified on: Wed, 14 Aug, 2024 at 10:04 AM
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