Retirement income strategies for 2022 and beyond

Summary of the episode

People are finding it increasingly difficult to plan for retirement as they are faced with issues such as their ability to save while working, how to convert those savings into income, and how to properly plan for all other things such as social security and Taxes. Wade Pfau, professor of retirement income at the American College of Financial Planning, joins the podcast to discuss these questions and more.

Episode Notes

In this episode you will hear about:

  • Retirement income style awareness.
  • Create a retirement income that takes taxes into account.
  • Consider social security in these decisions.
  • Is the 4% rule still valid today?
  • RMDs as a revenue base?
  • Social Security claiming decisions, annuities and reverse mortgages.

Related article: High school classes are ineffective at boosting retirement savings: study

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Guest Biography:

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

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