Retirement is the most expensive purchase faced by most individuals. In this session, David Blanchett explored a framework to better understand how much retirement actually costs and a process for better estimating its true cost. This session included a discussion of the implications of properly forecasting the growth of assets and important considerations when estimating the liability, such as determining the optimal replacement rate, forecasting the retirement period and understanding what it truly means to fail (or succeed) during retirement.
02.21.2023 - Retirement
(Re)Modeling the Cost of Retirement (or) Estimate the True Cost of Retirement
Presented by David Blanchett, PhD, CFA, CFP®, PGIM