Doug Goldstein, CFP® and director of Profile Investment Services Ltd., and David Trahair, CPA, discuss how to calculate your retirement income. David shares some of the techniques he teaches in his books. He also warns listeners that retirement is not a one-size-fits-all situation.
How Monte Carlo simulations can help financial planning
Doug received a letter from an investor wanting to know more about Monte Carlo simulations and why they are used in financial planning. Doug explains how and why they are used, and directs listeners to a video on the topic. The link to a video on Monte Carlo simulations is on the shownotes of the GoldsteinOnGelt website at http://goldsteinongelt.com/retirement-planning/know-retirement-income.