Speaking of relying on historical returns in another thread referring to 1% (no, that's not you evil, filthy rich doctors)...
Just out by Michael Kitces - Does Monte Carlo Analysis Actually Overstate Tail Risk in Retirement Projections?
Read the Executive Summary if you don't want to struggle through the weeds. Very interesting research.
Just out by Michael Kitces - Does Monte Carlo Analysis Actually Overstate Tail Risk in Retirement Projections?
Read the Executive Summary if you don't want to struggle through the weeds. Very interesting research.
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