TITLE

Monte Carlo Retirement Analysis, Part 2: Assessing and Accommodating Monte Carlo Analysis

AUTHOR(S)
Bell, Harold; Rauf Jr., Robert C.
PUB. DATE
January 2001
SOURCE
Advisor Today;Jan2001, Vol. 96 Issue 1, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the use of Monte Carlo analysis for retirement planning. Advantages of using the Monte Carlo technique; How to consider opportunity costs; Effect of special components; Factors to consider when using the technique.
ACCESSION #
4022917

 

Related Articles

  • Predicting and Pondering Probable Futures. Bell, J. Harold; Rauf Jr., Robert C. // Advisor Today;Dec2000, Vol. 95 Issue 12, p64 

    Part I. Presents information on the Monte Carlo techniques which are an essential element in understanding the effects of volatility on the primary financial planning parameters. Reasons for the impediment in the mainstream adoption of these techniques; Methodology of Monte Carlo techniques;...

  • Dynamic Rebalancing. Weiss, Gerald R. // Journal of Financial Planning;Feb2001, Vol. 14 Issue 2, p100 

    Investigates the benefits of dynamic rebalancing, which is a technique that uses the fixed income portion of the client's retirement portfolio for cash flow withdrawals during stock market declines. Application of the Monte Carlo retirement analysis; Comparison between annual and dynamic...

  • A Comparative Analysis of Retirement Portfolio Success Rates: Simulation Versus Overlapping Periods. Cooley, Philip L.; Hubbard, Carl M.; Waltz, Daniel T. // Financial Services Review;Summer2003, Vol. 12 Issue 2, p115 

    Presents a study that compared and contrasted the implications of Monte Carlo simulation and the overlapping periods methodology for sustainable withdrawal rates from a retirement portfolio in the U.S. Review of research on retirement planning; Steps taken in determining the portfolio success...

  • Understand the odds in retirement planning using Monte Carlo model. Thompson, William M. // Business Journal Serving Fresno & the Central San Joaquin Valley;09/25/2000, Issue 322673, p6 

    Reports on the practice by financial advisers of using the computer modeling technique called the Monte Carlo simulation in devising a retirement plan. Issues that need to be considered when planning a retirement scheme; Description of the simulation technique.

  • Dynamic retirement withdrawal planning. Stout, R. Gene; Mitchell, John B. // Financial Services Review;Summer2006, Vol. 15 Issue 2, p117 

    This paper develops a dynamic model of retirement withdrawal planning that allows retirees and financial planners to improve the probability of retirement portfolio success while simultaneously increasing the average withdrawal rate. The key elements of the model are periodic adjustments of...

  • Rates of Return Used in Retirement Planning Software. Turner, John A. // Benefits Quarterly;2012 Fourth Quarter, Vol. 28 Issue 4, p33 

    There appears to be a bias in some retirement planning programs to use rates of return that are too high. For example, some programs do not take into account fees, and many programs do not take into account the evidence from behavioral economics that individual investors tend to do worse than...

  • THE MONTE CARLO SIMULATION.  // Practical Accountant;Aug2000, Vol. 33 Issue 8, pSR-11 

    Lists retirement planning computer software incorporating the Monte Carlo simulation method. Pension & Roth IRA Analyzer from Brentmark Software; Cheshire Retirement Planner from Cheshire Software; Retirement Plan Analysis from Financial Planning Consultants; InsGift from Insmark; Pension and...

  • CHOICE APLENTY IN SOFTWARE. Stimpson, Jeff // Practical Accountant;Aug2000, Vol. 33 Issue 8, pSR-12 

    Features retirement planning computer software incorporating the Monte Carlo simulation method. Pension & Roth IRA Analyzer from Brentmark Software; Cheshire Retirement Planner from Cheshire Software Inc.; Quantech from Corbel; FPLAN-Professional Advisor+ from First Financial Software; M-Plan...

  • Factoring Uncertainty Into Retirement Planning: The Monte Carlo Method. Geer, Carolyn T. // Fortune;1/11/1999, Vol. 139 Issue 1, p200 

    Reports on the use of the Monte Carlo Method when planning for retirement. Creation of the Monte Carlo method by Stanislow Ulam and John von Neumann; Use of the Monte Carlo method by chief financial officers; How computer programs use the method as well; Development of a new method.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics