Have you heard this phrase before? It is an interesting one often used when simulations are run with hundreds of possible scenarios, using varying market returns, inflation levels, health costs, extended family financial needs, income levels, employment assurance, and the like, in order to see what the range of potential outcome is for your specific situation. The reason it is often used in financial planning is because it enables you to see the percentage of times your plan achieves its goals, known as its success probability, factoring in the myriad of possibilities. The goal isn’t to have a probability of 99% success rate – statistically speaking, the highest possible result – but rather an acceptable degree of certainty, depending on your goals and risk tolerance. Call us if you’d like to discuss this further. We’re always here to help.