Braden Warwick
๐ค SpeakerAppearances Over Time
Podcast Appearances
But for people that do have any amount of legacy goals or interested in making decisions based on their final after-tax net worth at the end of their life, then this does impact the financial decision.
We would expect the median outcome to improve using our new model, which is more representative of reality.
And we would expect the mean outcome to decrease just because we're decreasing the bound of outcomes.
And the runaway events cause that upper bound to have a higher proportional impact.
And also, I think financial planners and retail investors that are doing their own financial projections should be looking at the median outcome rather than the mean outcome.
So it shouldn't change the advice.
The fact that the median improved should mean that their expectations should improve and might leave a little bit of extra net worth that they can plan for to delegate out of their estate.
It's very cool.