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Best Practices for Retirement-Income Planning
Released on Friday, September 27, 2019•RETIREMENT
For those of us wishing to retire one day, we are increasingly responsible for figuring out how to save during our working years and converting these savings into sustainable income for an ever-lengthening number of retirement years. The nature of risk changes in retirement, as the lifestyles of retirees become more vulnerable to the impacts of market volatility, unknown longevity, and spending shocks. Retirees have one opportunity to build a successful plan. It is not an easy task, but it is manageable. It this presentation we consider retirement risks and how to approach building a plan to meet the financial goals of retirement while managing these risks.
Wade Pfau
The American College of Financial Services,
Professor of Retirement Income
Wade Pfau is a professor of retirement income at The American College in Bryn Mawr, PA. He also serves as a principal and director for McLean Asset Management, helping to build retirement income solutions for clients. Mr. Pfau's research article on safe saving rates won the inaugural Journal of Financial Planning Montgomery-Warschauer Editor's Award. He actively publishes research on retirement topics in a wide variety of academic and practitioner research journals. Mr. Pfau has also contributed to the curriculum of the Retirement Income Certified Professional (RICP) and the Retirement Management Analyst (RMA) designation programs for financial advisors. He is a frequent speaker about retirement income at national conferences. Mr. Pfau is a CFA charterholder and holds a doctorate in economics from Princeton University.
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