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AICPA ENGAGE 2018

PFP1821 - Best Practices for Retirement Income Planning


Jun 12, 2018 10:20am ‐ Jun 12, 2018 11:35am


Standard: $49.00

Description

As the baby boomers reach retirement, advisors must solve new problems for clients. Retirement income is different as clients shift their focus from maximizing wealth to creating sustainable income, clients face a greater range of risks, and clients increasingly must solve a complex lifetime financial problem. Key retirement risks include longevity risk, market and the newly emergent sequence of returns risk, and personal spending shock risks. Each risk requires different income tools and risk management techniques. Two distinct schools of thought have emerged within the retirement income world: probability-based approaches and safety-first approaches. This presentation considers how different retirement income tools can be combined to build more efficient retirement strategies in a many that best integrates aspects from both schools of thought.

Learning Objectives:
• Review strategies that can help build more efficent retirement strategies
• Understand the fundamentals of probability-based and safety-based approaches

Speaker(s):

  • Wade D. Pfau, PhD, CFA, Professor of Retirement Income, The American College
Tags: PFP

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