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Improving Retirement Planning by Employing Basic Actuarial and Financial Economic Principles
Ken Steiner, FSA Retired Link to more items from this source
Feb. 23, 2023

"Use of a seriatim (or dynamic) process ... that automatically adjusts for actual experience is probably more important to successful financial planning in retirement than the actual models used in each year's valuation.... Because the process is self-correcting over time, it is not as critical for assumptions about the future to be as accurate as in a typical Monte Carlo model where a 90% or more probability of success is desired."

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