Happy new year! This is a time for looking back and for looking ahead. How did you do financially this past year? Was it what you expected? What do you expect in the coming year, and the years ahead? If you could magically produce a spreadsheet that could help you look ahead, what would you … Continue reading What if you could visualize your financial future for the coming year?
When you can visualize your financial future using one of the spreadsheets I’ve included recently, it’s fun to put in some really high rate of return and watch your future self get rich. Before the great recession a few years ago, there were a lot of people touting 18% returns, and a lot more people … Continue reading Volatility is not your friend
Well, yes. Spending during retirement, or saving for retirement (or anything else, for that matter) is fraught with uncertainty. In my last post I featured a spreadsheet that randomly shows you possible year-by-year outcomes of a spending plan. If you invest $2 million at 4% with a standard deviation of 2.5%, it seems you can spend … Continue reading Welcome to Monte Carlo. Is retirement a gamble?