Ever been terrified by those retirement calculators showing a scary chance of running out of money?
That's Monte Carlo simulations at work—spinning wild "what-if" scenarios that often paint a doom-and-gloom picture far worse than reality.
In my latest video, we'll debunk why most of these simulated failures could never happen in real life, how they push you toward boring bond-heavy portfolios that slash your retirement lifestyle by an average of 15-35% in annual spending, and why simply planning flexible actions during market dips is a game-changer for staying wealthy without the fearmongering.
Ignore Monte Carlo panic porn for empowered planning. Focus on adaptability over probabilities.
Retirement isn't about avoiding every storm—it's about sailing through them smarter.
You will learn:
What are Monte Carlo Simulations?
Why most simulated failures are myths that can't happen in real life.
Why the stock market is not a "random walk".
How the solution of more bonds can make your retirement miserable.
Why action plans for market downturns are a better solution.
Why failures are not catastrophic – just temporary lifestyle adjustments.
Retirement isn't about avoiding every storm—it's about sailing through them smarter.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com