A second classical approach to studying retirement withdrawal rates is to use Monte Carlo simulations that are parameterized to the same historical data used in historical simulations. This can be ...

Financial advisers frequently use Monte Carlo analys`is to demonstrate the resiliency of a financial plan. These simulations produce a score that is useful in securing a client's confidence in their ...

Numbers are rather useful. This is unfortunate, because they're also rather confusing. Our brains have a hard time making sense of lists of numbers, so we employ an imaginary friend to help us — the ...

RADNOR, Pa.--(BUSINESS WIRE)--eMoney Advisor, a leading provider of technology solutions and services that help people talk about money, today announced the addition of Longevity Risk Analysis and ...

This is a preview. Log in through your library . Abstract Suppose a large economy with individual risk is modeled by a continuum of pairwise exchangeable random variables (i.i.d., in particular). Then ...

You can’t predict the future, of course, but that doesn’t stop some financial professionals from trying. Of the many methods devised to anticipate different possible futures in financial planning, ...

Jeff Somers is a freelancer who has been writing about writing, books, personal finance, and home maintenance since 2012. When not writing, Jeff spends his free time fixing up his old house. He has ...