Abstract
Financial planning software helps retirees navigate the complexities of retirement by considering various factors like assets, liabilities, income sources, and expenses. Unlike the simplistic four percent rule, modern software uses Monte Carlo Simulation to account for uncertainties such as sequence of return risk. This allows retirees to model different scenarios, make informed decisions, and adjust their plans over time to ensure financial stability throughout retirement.
Recommended Citation
Pickett, Jeremy
(2023)
"HOW CAN FINANCIAL PLANNING SOFTWARE HELP YOU PLAN FOR RETIREMENT?,"
Virginia Dental Journal: Vol. 100:
No.
1, Article 16.
Available at:
https://commons.ada.org/vadentaljournal/vol100/iss1/16