This presentation will explore the impact and role of guaranteed income on retirement income strategies. Concepts explored include the impact of guaranteed income on retiree outcomes and portfolio risk levels, how taxes affect the purchase decision, as well as several important modeling considerations.
• Understand the role of guaranteed income as part of a retirement income strategy
• How guaranteed income affects optimal portfolio allocations
• The impact of retiree consumption, dynamic choice, and taxes on optimal annuity purchase decisions
• How to appropriately model and consider guaranteed income in a financial plan.
PhD, CFA, CFP, AIFA,
Head of Retirement Research,
Morningstar Investment Management LLC