By understanding compounding, inflation, and strategic adjustments, you can make smarter decisions today that have a massive impact tomorrow. We'll break down key numbers, risks like sequence of returns, and why financial planning is an evolving process.
Topics Discussed:
- The common issue people have with future asset value.
- How we calculate and estimate asset goals.
- Where to start when planning your contributions and calculating future contributions.
- What a Monte Carlo simulation is and how it can help calculate savings and adjustments.
- Why the situation gets more sensitive near the end of a career.
- What sequence of returns risks are.
- The many variables that go into financial planning.
Resources Mentioned:
Tags:
calculating contributions, future value, investing, long-term wealth, inflation, compounding interest, financial planning, emergency medicine, ER doc, ER doctor,
