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Guest Expert: Wade Pfau, PhD, CFA, RICP®,1. Retirement Planning Fundamentals
No One-Size-Fits-All Number:
Retirement needs depend on lifestyle goals, life expectancy, healthcare costs, inflation, and desired legacy.The often-quot...Trusted by 1000+ Financial Advisors
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A few comments from listeners when they were asked what the learned from the webinar:
One of the things Dr. Pfau said was to assume a fixed rate of return, a bond-like return; I appreciated the visuals of the blocks of The Retirement Income Optimization Map, in having them to scale so you can see if any one of these is out of balance with another; and the funded ratio - I need to hear this one again; it was so important.
- Lois B.
A different and interesting way to look at retirement planning/feasibility. Wade and his collaborators again are on the cutting edge of retirement issues and planning. As discussed, RISA does not replace the traditional financial plan or planning process, but can be a good complement.
- David D.
A retirement readiness test versus financial planning or in addition to financial planning. Also the idea of your future expenses as a liability, then check the PV. That your home shouldn't be set up as a retirement asset unless you are planning on spending it down. It's a back up.
- Nancy A.
The funded ratio philosophy - which is based on the value of assets and liabilities on the retirement balance sheet -when used with a conservative discount rate it depicts whether goals can be met without taking market risk.
- Jacqueline B.
The retirement income preferences, or "styles" are a helpful way for financial advisors to understand their clients from a behavioral finance as well as a risk tolerance perspective.
- Michael D.
One of the things Dr. Pfau said was to assume a fixed rate of return, a bond-like return; I appreciated the visuals of the blocks of The Retirement Income Optimization Map, in having them to scale so you can see if any one of these is out of balance with another; and the funded ratio - I need to hear this one again; it was so important.
- Lois B.
A different and interesting way to look at retirement planning/feasibility. Wade and his collaborators again are on the cutting edge of retirement issues and planning. As discussed, RISA does not replace the traditional financial plan or planning process, but can be a good complement.
- David D.
A retirement readiness test versus financial planning or in addition to financial planning. Also the idea of your future expenses as a liability, then check the PV. That your home shouldn't be set up as a retirement asset unless you are planning on spending it down. It's a back up.
- Nancy A.
The funded ratio philosophy - which is based on the value of assets and liabilities on the retirement balance sheet -when used with a conservative discount rate it depicts whether goals can be met without taking market risk.
- Jacqueline B.
The retirement income preferences, or "styles" are a helpful way for financial advisors to understand their clients from a behavioral finance as well as a risk tolerance perspective.
- Michael D.
One of the things Dr. Pfau said was to assume a fixed rate of return, a bond-like return; I appreciated the visuals of the blocks of The Retirement Income Optimization Map, in having them to scale so you can see if any one of these is out of balance with another; and the funded ratio - I need to hear this one again; it was so important.
- Lois B.
A different and interesting way to look at retirement planning/feasibility. Wade and his collaborators again are on the cutting edge of retirement issues and planning. As discussed, RISA does not replace the traditional financial plan or planning process, but can be a good complement.
- David D.
A retirement readiness test versus financial planning or in addition to financial planning. Also the idea of your future expenses as a liability, then check the PV. That your home shouldn't be set up as a retirement asset unless you are planning on spending it down. It's a back up.
- Nancy A.
The funded ratio philosophy - which is based on the value of assets and liabilities on the retirement balance sheet -when used with a conservative discount rate it depicts whether goals can be met without taking market risk.
- Jacqueline B.
The retirement income preferences, or "styles" are a helpful way for financial advisors to understand their clients from a behavioral finance as well as a risk tolerance perspective.
- Michael D.