As the baby boomers reach retirement, advisers must solve new problems for clients. Retirement income is different as clients shift their focus from maximizing wealth to creating sustainable income. When this happens, clients face a greater range of risks and 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 tools. This presentation explains how different retirement-income tools can be combined to build more efficient retirement strategies that best integrate aspects from different schools of thought.

Overview: General review of subject from a broad perspective/dive into basic knowledge on a skill or topic. For newer CFP or unfamiliar with subject

Course Information
Course Date:
October 03, 2018
Course Objectives
  • Differentiate between accumulation and distribution
  • Survey the retirement tool landscape with respect to investments and/or insurance
  • Interpret the impacts on income and legacy created by different retirement income strategies
FPA Annual Conference 2018: Best Practices for Retirement Income
Speaker Information
Wade Pfau, PhD, CFA  [ view bio ]
Individual topic purchase: Selected
Financial Planning Association
CFP CE: 1.00
Products
This course is no longer available for purchase.