Guaranteed Income: The Forgotten Household Asset 03-19-2024
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Guaranteed Income: The Forgotten Household Asset
Presented by David Blanchett, PhD, CFA, CFP®, PGIM DC Solutions
Guaranteed income is the largest financial asset for most retirees, yet it’s role in a financial plan is generally quite minor, treated simply as a cash flow that can be used to fund the retirement liability. In this webinar, David Blanchett, PhD, CFA, CFP®, explored why financial planners need to consider guaranteed income more fully, since doing can have significant implications on optimal investing and spending strategies.
Changed my perspective on Annuities within a portfolio
- Paul W.
Guaranteed income must be viewed through BOTH a quantitative and qualitative lens in order to determine the most effective course of action for a client.
- David C.
I hadn't previously considered the degree to which cash and Treasuries, usually considered the safest of safe assets, are not in fact all that safe in retirement. But Blanchett is right: neither generates much income, so they aren't much help with longevity risk.
- Maria R.
Relative importance of interest rates and mortality benefits for younger and older annuity purchasers. Blanchett is one of my favorite presenters for CE. Thanks for having him.
- Karen C.