Modeling in Financial Planning
By pjain Published Aug. 2, 2020, 8:24 p.m. in blog Invest
Personalized Modeling in Financial Planning
Lifetime financial situation
AGE is key parameter!
- $ earn/spend and cash flow - curves over time
- 0-22 student, peak earning years 40s-50s, retirement 60s decline
- Need to match two curves - you are in deficit early (family pays), savings in peak earning decades, harvest in old age
-