Why Monte Carlo Is 'Pretty Terrible' for Analyzing Annuities

Analysis October 16, 2024 at 03:53 PM
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What You Need To Know

  • Traditional statistical analyses fall short in understanding how annuities affect the financial plan.
  • The modeling does a poor job of providing context beyond binary success and failure metrics.
  • Researcher Derek Tharp says advisors can (and should) do things differently.
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