Session Description: Advisors must solve new problems for clients who aim to sustain their lifestyle over an unknown horizon. Multiple retirement income strategies have emerged and it is hard for retirees to identify which strategies match their personal style. This presentation is based on research that identifies and validates a set of scorable retirement income factors to define preferences for an overall retirement income style. It describes a workable retirement model by showing how the factors connect to four main retirement income strategies: systematic withdrawals with total return investing, risk wrap with deferred annuities, protected income , and time segmentation.
Learning Objectives:
Identify various approaches taken for retirement income strategies.
Explain underlying retirement income factors which uncover retiree preferences that coalesce into a retirement income style.
Link retirement income styles to existing strategic approaches for retirement income that satisfy retiree preferences.
.jpg "Wade D. Pfau, PhD, CFA, RICP photo")