In today's episode, Alex and Wade discuss Wade's recent research paper, "Protection as an Asset Class." After getting into a discussion of what an asset class means, they talk about two ways to think about a structured annuity as an additional asset class. First, from an accumulation perspective, they consider it's risk and return characteristics compared to stocks and bonds. Then they delve into the retirement income aspect of using risk pooling through the annuity as part of supporting lifetime spending goals. In both cases, they deem it reasonable to think of the protections offered by a structured annuity as an asset class that can contribute positively to financial planning outcomes. Listen now to learn more! 

Links 

"Protection as An Asset Class" By Wade D. Pfau, PH.D., CFA, RICP®-  https://www.protectedincome.org/research/protection-as-an-asset-class/

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This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips