Understanding Probabilities of Success in Financial Planning
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Understanding Probabilities of Success in Financial Planning

It Looks Like I’ve got a 75% Chance of Making it Home From Work When we talk about achieving financial goals, we use the term “Probability of Success”. It comes from a Monte Carlo mathematical model that produces a number ranging from 1% to 99%. But what does a 50%, 75%, or 99% probability of…

Decide Today, What Kind of Old Person You Want to Be
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Decide Today, What Kind of Old Person You Want to Be

“I’m sorry, but I have to take this call…Mary will tell you more about why.”  We were in the middle of our client review, when Jeff hurriedly excused himself to the lobby. I looked over to Mary and said that I didn’t need to know the details, but hoped everything was okay. “Oh, everything’s fine…or…