How and why to move beyond “Probability of Success” in retirement planning webinar featuring: Jeff Brown, President of Stratos Private Wealth, Jamie Hopkins, Managing Partner of Wealth, David Blanchett, Managing Director, Head of Retirement
Monte Carlo simulations and “Probability of Success” were important innovations in financial planning more than two decades ago. But it’s now clear that retirement isn’t pass/fail and that today’s retirees need directions, not scores. Our panel of experts will discuss why it’s important to move beyond “probability of success” scores in retirement planning and how to communicate with clients without focusing on this misleading statistic, both for better client outcomes and for better client experiences and communication.
Justin Fitzpatrick is President and Co-Founder of Income Lab, retirement income planning software used by thousands of financial advisors. He developed the guardrails-based approach to retirement income distribution after a decade in financial services at Jackson and seven years in academia at MIT, Harvard, and UCLA. His research on adjustment-based planning has been published on Kitces.com, ThinkAdvisor, AdvisorPerspectives, and FinancialPlanning Magazine.
