"Death is not a good strategy, because you can only use it once. Your beneficiaries might not react positively to you giving them income instead of a lump sum, but handcuffing them contractually is the right thing to do and it will be good for them in the long run. Stan has written in the trust that when he dies, there will be a lifetime income annuity purchase for each of his daughters, guaranteed to pay them for the rest of their life as long as they are breathing. Lovingly handcuffing your beneficiaries with annuity guarantees protects them from making dumb decisions with lump sums. Handcuffing your loved ones is good for them How Stan lovingly handcuffs his beneficiaries Protecting your beneficiary from dumb choices 5: SSRN.In this episode, The Annuity Man discussed: Safe Savings Rates: A New Approach to Retirement Planning Over the Lifecycl. Spending Flexibility and Safe Withdrawal Rates. Capital Market Expectations, Asset Allocation, and Safe Withdrawal Rates. An Efficient Frontier for Retirement Income. Journal of Financial Planning, Forthcoming: SSRN. An International Perspective on Safe Withdrawal Rates from Retirement Savings: The Demise of the 4 Percent Rule?. The True Impact of Immediate Annuities on Retirement Sustainability: A Total Wealth Perspective. Lifetime Expected Income Breakeven Comparison between SPIAs and Managed Portfolio. The 4 Percent Rule is Not Safe in a Low-Yield World. Making Sense Out of Variable Spending Strategies for Retiree. Reducing Retirement Risk with a Rising Equity Glide-Path. Lifecycle Funds and Wealth Accumulation for Retirement: Evidence for a More Conservative Asset Allocation as Retirement Approaches The Portfolio Size Effect and Lifecycle Asset Allocation Funds: A Different Perspective History? A Progress Report after 10 Years Will 2000-Era Retirees Experience the Worst Retirement Outcomes in U.S. Safe Savings Rates: A New Approach to Retirement Planning Over the Lifecycle Spending Flexibility and Safe Withdrawal Rates The True Impact of Immediate Annuities on Retirement Sustainability: A Total Wealth Perspective Īn International Perspective on Safe Withdrawal Rates from Retirement Savings: The Demise of the 4 Percent Rule? Īn Efficient Frontier for Retirement Income Ĭapital Market Expectations, Asset Allocation, and Safe Withdrawal Rates Lifetime Expected Income Breakeven Comparison between SPIAs and Managed Portfolio The 4 Percent Rule is Not Safe in a Low-Yield World Making Sense Out of Variable Spending Strategies for Retirees Reducing Retirement Risk with a Rising Equity Glide-Path Pfau is the author/coauthor of numerous studies centering on retirement planning. Pfau attended the 2013 Bogleheads® conference, held in Philadephia, Pa., where he recorded his impressions of the event in a series of contemporaneous tweets consolidated in his Bogleheads Conference 2013 blog posting. My main research interests are related to developing methods to better analyze issues related to retirement planning. Social Security Administration, the White House, and the U.S. As an undergraduate student at the University of Iowa, I studied economics, political science, and history. is in Economics from Princeton University in 2003, under the guidance of Professors Alan Blinder and Harvey Rosen. I am the Professor of Retirement Income at the American College of Financial Services in Bryn Mawr, PA. In 2013 Pfau joined McLean Asset Management as Director of Retirement Research. Pfau is a Professor of Retirement Income in the new PhD program for Financial and Retirement Planning at The American College in Bryn Mawr, PA. American College of Financial Services in Bryn Mawr, PA.
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