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2022 AICPA & CIMA ENGAGE

PFP2210 - Guaranteed Income: The Forgotten Household Asset


Jun 6, 2022 3:00pm ‐ Jun 6, 2022 4:15pm


Standard: $49.00

Description

Guaranteed income is the largest financial asset for most retirees, yet it’s role in a financial plan is generally quite minor, treated simply as a cash flow that can be used to fund the retirement liability. This presentation explores why financial planners need to consider guaranteed income more fully, since doing can have significant implications on optimal investing and spending strategies. Topics about guaranteed income discussed include: its role on the balance sheet, its impact on portfolios, how it effects optimal spending strategies, and why it's worth more than other assets, especially today.

Learning Objectives:
  • Analyze how to evaluate the benefit of “guaranteed income” and why the probability of success is the wrong metric to assess its value
  • Distinguish how guaranteed income should be considered as part of a balance sheet and statement of cash flows
  • Assess the impact of guaranteed income on optimal spending strategies, including a review of how it is a more valuable asset than a traditional portfolio, especially in today’s environment

Speaker(s):

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