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Article: THE MONTE CARLO SIMULATION.

Article from:
The Practical Accountant
Article date:
August 1, 2000
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This is a method of automatically predicting thousands of possible outcomes within a specific range. It is now making its way into retirement planning software because it is designed to help planners make more, higher-quality predictions about a client's financial future. In effect, it offers a more detailed set of predictions for those planners who want them.

Practitioners will find the Monte Carlo Simulation in more and more retirement planning software and therefore, should check with their own vendors regarding availability and price. Here is a sampling of some software currently on the market:

* Pension & Roth IRA Analyzer from Brentmark Software ...

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