How can we tell if a retirement plan will be successful or more importantly, if one retirement plan is better than another? Too often the method of measuring the potential success of a retirement strategy is overly simplified by using average market returns or the antiquated four percent rule of withdrawals. This inevitably leaves out black swan events like we experienced in 2008 and 2001. Or, even if the advisor believes they are addressing sequence of return risk by considering Monte Carlo simulations, the plan’s success is represented by only one percentage. This misses the perspective of what is happening at the other 99 percentages. JourneyGuide provides a unique comparison view by looking across all market conditions at the same time. Let’s consider an example. Suppose a couple has a goal of spending $100,000 in retirement but after performing an analysis the client has a 72% likelihood of meeting that goal. We saw in the first session, Know Your Retirement Numbers, that JourneyGuide instead translates this analysis into something the client understands, a lifestyle discussion about how much they can spend rather than percentages. In this case, the client can safely spend $87,000 in retirement. Suppose the advisor suggests a   Read more…