Your spouse wants to remodel your kitchen and several bathrooms in your house. You’ve received a quote for the work for about $100,000. Using a strategic withdrawal approach and a Monte Carlo modeling approach, your financial advisor has previously told you that you can only safely afford to spend about $110,000 per year in retirement, so it looks like paying for your normal annual expenses in addition to the remodeling job your spouse desires is simply out of the question at this time.
Friday, February 27, 2026
Wednesday, February 25, 2026
Funded Status—A Better Metric for Managing Spending Decisions in Retirement
This post is a follow-up to our post of August 23, 2025 where we encouraged financial advisors and DIYers to ditch Monte Carlo modeling and its probability of success metric and adopt the Actuarial Approach and its funded status metric if they wanted to better manage spending decisions in retirement.
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