Join us at this Kitces webinar, where Derek Tharp discusses what the probability of success metric truly means and its shortcomings, especially when considering ongoing planning. Derek will share insights on the adjustment-based guardrails method, and present practical approaches to reframe retirement income planning to reduce the likelihood of underspending, while helping clients enjoy their retirement fully. Advisors will learn:
- Why underspending is a common issue for financial planning clients
- How to understand the shortcomings of a Monte Carlo analysis
- How to analyze the differences between retirement spending calculation methods
- How to better frame retirement income planning conversations with clients
