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The Efficacy of Publicly Available Retirement Planning Tools
Taft Dorman, Barry S. Mulholland, Qianwen Bi and Harold Evensky, via SSRN Link to more items from this source
Feb. 24, 2016
"The authors conclude that the advice provided from a majority of these tools is extremely misleading to households, and propose a more systematic approach to tool development by improved choice of input variables. Analyzing professional advisor opinion and theory, critical input variables are identified and recommended. A case scenario is developed incorporating these critical variables and used to test the efficacy of 36 publicly-available retirement planning tools."

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