Any financial plan is only as good as its assumptions. Join David Blanchett, PhD, CFA, CFP®, Head of Retirement Research and Portfolio Manager at PGIM (Prudential Financial), for a thoughtful review of the four key retirement realities that are often overlooked by financial advisors when developing a financial plan that can significantly impact retirement projections and corresponding recommendations, include that retirees tend to retire early (and suddenly), most retirees don’t work in retirement, retirees typically live longer than they expect, and retirees tend to increase spending by less than inflation. While the aggregate impact of these effects on required retirement savings is mixed, incorporating these insights into a financial plan is important to help set realistic client expectations and to ensure the underlying assumptions in the financial plan are as accurate as possible!
