FROM THE ARCHIVES: Wade Pfau Helps You Maximize Your Retirement Mileage

Original Air Date: 10-21-17 In this episode, Josh welcomed retirement researcher Wade Pfau to delve into his book, "How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies." Pfau critiqued the traditional 4% rule as outdated due to the current low interest rates and market volatility, suggesting a more conservative 3% as a safer withdrawal rate. He underscored the importance of considering factors like longevity, lifestyle, legacy, and liquidity in retirement planning. Pfau and Jalinski discussed alternative strategies such as time segmentation, which involves creating a bond ladder for immediate expenses while investing the rest for the future. They also explored the role of annuities in providing a reliable income stream and protection against longevity risk. The episode highlighted the value financial advisors bring through behavioral coaching, tax-efficient strategies, and risk management, emphasizing that good financial advice can significantly enhance retirement income. Can't get enough of the Financial Quarterback? Click 'Subscribe' to ensure you never miss a play. New episodes touchdown right here! And if you're loving the playbook, drop us a 5-star rating and leave a review. Your feedback drives the game!