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The concept of utility is central to how EvolveMyRetirement® is able to optimise your retirement strategy. Some of our users have asked to learn more about it, and this article is designed to provide some insight. Utility is an economic concept,
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Rebalancing is a key consideration for any long-term investor. It involves selling some asset types and buying others, to achieve the appropriate mix. This sounds simple, but in practice it’s trickier than on the surface. The appropriate mix needs to
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Retirement ruin isn’t something that’s pleasant to think about. But unless we have a high enough guaranteed income for life, funding our lifestyle depends on maximising the probability of success. Old-fashioned retirement calculators ignored uncertainty, and predicted exactly how long
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Many people wrote off annuities due to the abysmally low rates on offer in recent years. Lifetime annuity rates are driven by long-term interest rates, which had been in steady decline until recently. But now short- and long-term interest rates
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Monte Carlo simulation is a modelling technique that’s useful in many areas, including physics, engineering and finance. If a process depends on multiple random variables, it can be impossible or impractical to calculate the odds of different outcomes. The Monte
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When you use the EvolveMyRetirement® app for the first time, you’ll no doubt have an initial emotional reaction to the resulting optimisation. This reaction depends both on the state of your finances and on your prior expectations. Unlike most retirement
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A target-date fund is a type of managed fund where the plan is to sell it on a specific date. Other common names for it are a lifestyle fund or life-cycle fund. Unlike most managed funds, the risk exposure of
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In case you’ve just returned to Planet Earth, we’re currently experiencing a cost of living crisis. The annual rate of inflation has reached levels we haven’t seen for over 30 years. Just a few short months ago, this seemed unlikely.
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Most people think of a valuation as something that only applies to assets. For example, your house might have a valuation of £500,000; or your ISA might be worth £200,000. But there are many things that we don’t usually think
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Editor’s note: In the budget on 15th March 2023, the Pension Lifetime Allowance (LTA) was abolished. It’s fair to say that the Pension Lifetime Allowance, or LTA for short, is unpopular with pension savers. It’s complex and it deters us
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