Wade Pfau: Higher Bond Yields Are a Plus for Retirees
The Long View
Concerns About Annuity Underlying Assets
Pfau expresses caution about private-credit exposure and private equity ownership of insurance firms.
Our guest on the podcast today is retirement researcher Wade Pfau. Wade is the founder of Retirement Researcher, an educational resource on retirement planning for individuals and financial advisors. He’s co-founder of the Retirement Income Style Awareness Tool and a co-host of the Retire With Style podcast. He’s a professor of practice at the American College of Financial Services and a research fellow with the Limra Retirement Income Institute. And he’s also a principal and director of retirement research for McLean Asset Management. Wade has written several books, including his most recent, a third edition of his Retirement Planning Guidebook. He holds a doctorate in economics and a master’s degree from Princeton University and Bachelor of Arts and Bachelor of Science degrees from the University of Iowa. He’s also a chartered financial analyst.
Episode Highlights
00:00:00 Updates to the Retirement Planning Guidebook
00:00:29 Do Retirees Today Have a Stronger Starting Spending Rate?
00:04:03 Asset Allocation, Annuities, and Target-Date Funds
00:08:11 Retirement Income Styles
00:15:07 Non-US Safe Withdrawal Rates and Flexible Spending Strategies
00:23:55 Probability of Success and Estimating Longevity
00:27:47 Underspending, Organic Income, and Mortgage Payoff
00:35:46 Exploring the Retirement Risk Zone
00:39:20 Equity Glide Paths, Sequence Risk, and Delaying Social Security
00:46:43 Annuities: Private Equity Concerns and Due Diligence
More Retirement Research From Wade Pfau
Exploring the Retirement Risk Zone
Reducing Retirement Risk with a Rising Equity Glide Path
More From Morningstar
What’s Your Retirement Income Style?
8 Reasons You Might Need to Tweak Your Portfolio
Wade Pfau: The Risks of Retirement Today
If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com.
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