Featuring Wade D. Pfau, Ph.D., CFA, RICP®, this CE-eligible webinar (IAR & CFP) examines how guaranteed lifetime withdrawal benefits can fit within a broader retirement income strategy.
Drawing on historical market data spanning 1871–2024 and research developed for MassMutual, Dr. Pfau will explain how withdrawal rates, benefit-base growth, investment exposure, deferral periods, and access to assets work together to influence the amount of guaranteed income a client may ultimately receive. He will also explore how annuities with living benefits can complement non-annuity assets by reducing pressure on the rest of a client’s portfolio and potentially improving long-term growth and legacy outcomes. MassMutual’s Alex Samoila will provide an educational overview of variable annuity income options, illustrating how different designs may align with clients who have varying views about market risk, guaranteed growth, liquidity, and retirement income. Advisors will see comparisons across historical bull and bear markets and learn why the interaction among withdrawal rates, roll-ups, market performance, and client timing may matter more than any single headline feature.
Key takeaways
- Understand how Wade Pfau’s historical analysis compares different GLWB designs.
- Learn why withdrawal rates may matter as much as—or more than—roll-up rates.
- Evaluate the trade-offs among market participation, guaranteed growth, income, and liquidity.
- See how guaranteed income can support a broader portfolio and legacy strategy.
- Match different income-rider structures to clients with different retirement priorities.
*CE/CPE Eligible: 1.0 CE credit(s) is(are) available to FEN Members with these designations: CFP, CLU, ChFC, RICP, and IAR. CPA members will earn 1.0 CPE credit(s).
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.