Financial Disclaimer

1. Simulations Are Hypothetical

All simulation results generated by Retirement Lab are hypothetical projections based on mathematical models, statistical distributions, and user-provided assumptions. They are not predictions, forecasts, or guarantees of future financial performance. Actual investment returns, inflation, tax rates, and life circumstances will differ — potentially materially — from any simulation output.

2. Not Financial Advice

Nothing on this website or within the Service constitutes financial, investment, tax, legal, or retirement planning advice. Retirement Lab does not recommend any specific investment strategy, asset allocation, spending rate, or financial product. The Service is not a substitute for professional financial advice tailored to your individual circumstances.

3. Not a Regulated Financial Service

Retirement Lab is not a registered investment advisor, broker-dealer, financial planner, or regulated financial service provider. We are not supervised by the Comissão do Mercado de Valores Mobiliários (CMVM) or any other financial regulatory authority. The Service does not provide personalized investment recommendations.

4. No Liability for Financial Decisions

To the maximum extent permitted by law, Retirement Lab, its operators, developers, affiliates, and licensors accept absolutely no liability for any financial loss, investment loss, missed opportunity, tax consequence, or any other damage or adverse outcome — whether direct, indirect, incidental, special, or consequential — arising from or in any way connected with the use of, or reliance on, simulation results or any other information provided by the Service. You use the Service entirely at your own risk. All decisions you make are solely your responsibility.

5. Model Limitations

The simulation engine relies on mathematical models that are simplifications of reality. Key limitations include:

• Return distributions (Gaussian, Student's t, Fernandez-Steel skewed t) are approximations — real market returns may behave differently
• Correlation structures between asset classes may change over time and during market crises
• The engine uses flat-rate tax calculations, which do not capture the complexity of real tax systems
• Inflation assumptions are constant and do not model regime changes
• Historical data used to calibrate default parameters may not be representative of future conditions
• The model does not account for transaction costs, fund fees, behavioral biases, or liquidity constraints

6. Past Performance

Past performance of any investment, asset class, or strategy is not indicative of future results. Default return assumptions in the Service are based on historical data and do not guarantee future performance. Markets are inherently unpredictable.

7. Consult a Professional

Before making any retirement, investment, or financial planning decisions, you should consult a qualified and licensed financial advisor who can assess your individual circumstances, risk tolerance, tax situation, and financial goals.

8. No Guarantees

Retirement Lab makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, reliability, or suitability of the simulation results for any purpose. The Service is provided "as is" without warranty.

9. Contact

For questions about this disclaimer, contact us at: legal@retirement-lab.com