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

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