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Thursday, March 28, 2024

Upcoming Webinar: Retiring in a Low-Return Environment

Courtesy of Doug Short.

Upcoming Complimentary APViewpoint Events

Presenters: Wade Pfau, David Blanchett, Michael Finke

Tuesday, February 24, 2015 – 4:15 p.m. EST

Most research on optimal retirement income strategies is based on long-term historical averages. David Blanchett, Michael Finke and Wade Pfau will show how using returns better calibrated to current financial asset values (rather than historical averages) leads to a much more conservative estimate of safe-withdrawal rates for retirees. In this webinar, the presenters will:

  • demonstrate that safe-withdrawal rates today are much lower when using a forward-looking model;
  • discuss how to use today’s bond yields and the cyclically-adjusted price/earnings (CAPE) ratio as metrics to forecast future equity and fixed-income returns;
  • offer approaches for determining the optimal withdrawal rate; and
  • explore topics such as longevity risk, relative U.S. versus foreign market returns and different methods for estimating future potential market returns.

Advisors will be able to improve the quality of investment advice and recommendations by gaining exposure to different perspectives on what returns may look like in the future. Time will be reserved at the end for live Q&A, and Wade, David and Michael will be available to continue the discussion of this topic on APViewpoint.

The CFP Board has accepted this program for 1 hour of CE credit towards the CFP® certification. In addition, IMCA has accepted this program for 1 hour of CE credit towards the CIMA®, CIMC® and CPWA® certifications. If you provide the required information during the registration process and stay for the entire session we can report your attendance to these organizations.

Pfau

Wade Pfau
The American College & inStream Solutions

Wade Pfau is a professor of retirement income in the new Ph.D. program for financial and retirement planning at The American College in Bryn Mawr, PA, and is the chief financial planning scientist for inStream Solutions. He is a frequent author on topics related to financial planning and writes a monthly article for Advisor Perspectives. He has received awards for his contributions from The Journal of Financial Planning and the Retirement Income Industry Association and is a frequent speaker at national conventions.

Blanchett

David Blanchett
Morningstar Investment Management

David is the head of retirement research for Morningstar Investment Management. He has published over 30 papers in various industry journals and won The Journal of Financial Planning’s 2007 Call for Papers, called the Financial Frontiers Awards, with a research paper titled “Dynamic Allocation Strategies for Distribution Portfolios: Determining the Optimal Distribution Glide Path.” He is a frequent speaker at industry conferences and is regularly quoted in the national media.

Finke

Michael Finke
Texas Tech University

Michael Finke is a professor and director or retirement planning and living in the personal financial planning department at Texas Tech University in Lubbock, Texas. Michael served as president of the American Council on Consumer Interests and as the editor of the Journal of Personal Finance and a contributing editor to Research Magazine. His research interests include household investment and intertemporal choice, behavioral personal finance, agency costs of financial planning, retirement income planning, risk tolerance assessment and aggregate trends in household portfolio allocation.

You must be a member of APViewpoint to register for this event.
APViewpoint Events are webinars that offer advisors the opportunity to gain insights on the markets, financial planning and practice management from some of the industry’s most respected thought leaders.
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