While meeting with your new client about his retirement needs you have made several assumptions regarding income
Question:
While meeting with your new client about his retirement needs you have made several assumptions regarding income growth, savings rate, inflation rates, and investment returns. You engage in the process of changing some of the key assumptions to determine the overall impact of those changes on the financial plan. What is this process called?
a. Sensitivity Analysis.
b. Objectivity Analysis.
c. Monte Carlo Analysis.
d. Las Vegas Analysis.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Financial Planning
ISBN: 9781936602094
3rd Edition
Authors: Michael A Dalton, Joseph Gillice
Question Posted: