Limitations Of Popular Financial Planning Software Applications For Professionals

Good bird's eye view of planning software. I think a major problem with avoiding heuristics is behavioral psychology. If the client cannot get their mind around a relatively easy solution or path they freeze.

It seems that the presenter pointed out many factors which should be assumed by most advisors, primarily the fact that any Monte Carlo simulation should in no way be relied upon as an up or down determination of whether a retirement plan is sound and will come to fruition as expected. The reminder of this fact is the essence of the webinar and certainly it permitted the attendees to think outside the box and also brings one down to earth in terms of lofty expectations of these planning software programs

Excellent presenter, topic is relevant reminds us to not rely heavily on software programs only.