Retirement Planning

If you're looking for Retirement Calculators to help you model your retirement income, you need to understand their inner workings. 

Unfortunately, the best retirement calculators are also the most complex, and since they are built with the focus of giving you an answer, they usually are not also built in explaining very well the concepts, features, and steps that they are employing.

Take for instance the concept of monte carlo analysis. This is  when random number generation is employed in an iterative process to produce a large number of results.  These results are then statistically analyzed to determine the probability of meeting the threshold for a successful retirement.  A financial planner could explain that over and over again, but most people learn visually, and therefore, it would be great if there was a free tutorial that could show exactly what was going on behind the scenes.  In fact, there is free online software just like that at http://www.myretirementlibrary.com/.  So, don't hesitate to check it out!