Given the high-stakes nature of income planning, it's tragic that a significant segment of the financial advisor community embraces an income-generation methodology—the systematic withdrawal plan (SWP ...

Important events sometimes occur with too little notice. Occasionally, even a monumental development can escape adequate attention. An example of this occurred on Jan. 9. That day saw a historic ...

I'm not a fan of financial plans that use straight-line projections or Monte Carlo risk analysis to support investment proposals. Here's why: They can lull people into a false sense of security or ...

When you sit down with a traditional financial adviser to plan your retirement you will provide her with the spending budget you have in mind. The adviser will adjust that amount for inflation and ...

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, Monte Carlo simulations use computer ...

In 1999, George and Judy Brown had accumulated a respectable nest egg after working hard for 35 years. At the relatively young age of 57, they both were ready to retire so they could do the things ...