Monte Carlo simulation software has captured the attention of both financial advisors and the media in recent years. Software companies are touting its benefits, and the advisor community is locked in ...

The theme of many articles focuses on saving for retirement. Obviously, these articles go on to say people are afraid of running out of money during their retirement years. A long, enjoyable ...

What is a Monte Carlo simulation? A Monte Carlo simulation in investing is like rolling the dice on potential outcomes for your investments. Instead of relying on past performance or gut feelings, ...

Last week’s post about Monte Carlo simulations in financial planning sparked some interesting comments, so I thought a case study would help readers see how they work. Laura is 57 years old, single, ...

Your article was successfully shared with the contacts you provided. It’s been interesting to watch the commentary on Monte Carlo simulation (MCS) over the years. Initially, the forecasting technique ...