Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Getty Images / Monty Rakusen Analysts can assess ...

Simulation software offers users the opportunity to "experience" hundreds or thousands of outcomes associated with uncertain events. Dealing with uncertainty and hence risk is an important component ...

You can’t predict the future, of course, but that doesn’t stop some financial professionals from trying. Of the many methods devised to anticipate different possible futures in financial planning, ...

Stock markets volatility is commonly associated with investment risk. However, if the risk is effectively managed, it can also generate solid returns for investors. The investment managers and ...

One of the classic approaches to studying retirement withdrawal rates is to use Monte Carlo simulations that are parameterized to the same historical data as used in historical simulations. This can ...

Monte Carlo Simulations are a modeling tool used to simulate reality and calculate probabilities of a portfolio supporting a certain withdrawal rate. With the market collapse of 2008, however, many ...

A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...

How’s your retirement plan going? Chances are you have no idea—about one-fourth of Americans saving for retirement actually have no idea how much money they have salted away, and more than half of the ...