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Most of us think of retirement planning as something we need to do long before we’re retired. And of course, that’s preferable, otherwise we might never find ourselves ready to retire. During our working lives, fresh earnings help with planning
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Risk aversion is well understood by economists. There’s a mathematical underpinning to it that may be tricky for the layman to understand. The basic idea is quite easy to understand. In the context of retirement planning there are some unique
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The state pension age is currently 66 for both men and women in the UK. This will gradually increase to 67 between 2026 and 2027. You can easily check the government website for your own pension age. There are highly
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Buying a lifetime annuity is a decision that warrants careful consideration. In return for a guaranteed income for life you’d be sacrificing a chunk of capital. On the other hand guaranteed income can do wonders for our peace of mind.
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The concept of utility is central to how EvolveMyRetirement is able to generate 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 mix is typically based
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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 understanding 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 generated strategy. This reaction depends both on the state of your finances and on your prior expectations. Unlike most retirement
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