How Much Can I Spend in Retirement?
Wade D. Pfau, PhD *03, Professor of Retirement Planning, The American College
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 webinar we consider retirement risks and how to approach building a plan to meet the financial goals of retirement while managing these risks.
Wade D. Pfau, Ph.D., CFA, is the 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 publishes frequently in a wide variety of academic and practitioner research journals on topics related to retirement income. He hosts the Retirement Researcher website, and is a contributor to Forbes, Advisor Perspectives, Journal of Financial Planning, and an expert panelist for the Wall Street Journal. He is the author of the books, “How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies,” and “Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement.”