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Best Practices for Retirement Income

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This presentation from FPA Annual Conference 2018 explains how different retirement-income tools can be combined to build more efficient retirement strategies that best integrate aspects from different schools of thought. 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.

  • 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

Wade D. Pfau, PhD, CFA

Professor, The American College of Financial Services

Wade D. Pfau, Ph.D., CFA, RICP, is the program director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA. As well, he is a Principal and Director for McLean Asset Management. He holds a doctorate in economics from Princeton University and has published more than sixty peer-reviewed research articles in a wide variety of academic and practitioner journals. He hosts the Retirement Researcher website, and his most recent book is Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement.


Best Practices for Retirement Income
Open to view video.
Open to view video.
Course Evaluation
7 Questions
0.0 CFP CE credits  |  Certificate available
0.0 CFP CE credits  |  Certificate available