Retirement income strategies for 2022 and beyond Episode 26 – InvestmentNews

Episode Summary

People are finding it more and more difficult to plan for retirement as they face issues such as their ability to save while working, how to convert those savings into income, and how to properly plan for all the other elements such as Social Security and taxes. Wade Pfau, a professor of retirement income at the American College of Financial Planning, joins the podcast to discuss these issues and more.

Episode Notes

In this episode,  you’ll hear about: 

  • Retirement income style awareness.
  • Creating retirement income that takes taxes into account.
  • Factoring Social Security into those decisions.
  • Is the 4% rule still valid today?
  • RMDs as the basis for income?
  • Social Security claiming decisions, annuities, and reverse mortgages.

Related article: High school classes ineffective in boosting retirement savings: Study

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Guest Bio:  

Wade Pfau:  I am interested in conducting research that helps to develop better tools for retirement planning. I am widely published in leading practitioner research journals in the fields of financial and retirement planning. I’m a Professor of Retirement Income at The American College of Financial Services, and I work with McLean Asset Management to incorporate my research on retirement income planning into practice with clients. As a part of McLean, I’m also director of retirement research for inStream, which is financial planning software for advisors, and I contribute to investment portfolios which can be integrated into comprehensive planning solutions for Watermark Adviser Solutions.