(#181) Christians Can Reduce The Probability of Running Out of Money In Retirement with a Monte Carlo Analysis
Manage episode 400399319 series 3320629
What if I retire at 63 instead of 65? What if I pay the down payment on my child's first house? What if I take Social Security early? These are 'What If' questions many Christians ask when it comes to their finances. In most cases, they just go with their heart and make the leap of faith. Unfortunately, it is this blind faith that leads us to disaster.
In this episode, I explain how financial planners use a Monte Carlo Analysis to help you make better financial decisions. It runs over 10,000 scenarios and gives us a probability of success. If you have a lot of 'What If' questions about your retirement, this is the episode for you.
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