Just Imagine Financial Planning Software That Does This
نویسندگان
چکیده
Very little research has been done on strategic financial planning software programming. Today's approach is to perform a single simulation, calculation, or utility application and assume the results apply all times allocations for future ages. But time periods change with age as do allocation characteristics over time. This paper steps back look at programming foundational strategy model retirement income while aging that same retiree time, meaning looking possible well prudent those periods. Additionally, date focused “early stage” event occurs sometime in retiree’s age-60’s. In other words, inception of retirement. Little transition into later stage ages portfolio distributions through “late years. It not enough know how initiate also necessary sustain spending prudently, decisions ripple bequest balances. reviews concepts imagine late-stage develop better using data cloud concept accomplish early-to-late modeling based evidence. The author practitioner nearing nearly three decades specializing drawdown portfolios supplemental income, clinically many different retirees moment numerous papers published Journal Financial Planning leading thoughts these referenced below. suggests integrating disciplines important advancing more modeling, rather than today’s simulation approach.
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ژورنال
عنوان ژورنال: Journal of economics, finance and management studies
سال: 2022
ISSN: ['2644-0490', '2644-0504']
DOI: https://doi.org/10.47191/jefms/v5-i3-22