Wade Pfau is Professor of Retirement Income at The American College and has published several books on retirement, most recently The Retirement Planning Guidebook: Navigating The Important Decisions For Retirement Success. He joined us for an awesome discussion that included:

• The drawbacks of privatized retirement plans
• Why longevity pooling is so important
• Trade-offs between defined benefits and defined contribution plans
• Varying incentives across countries
• How different systems can withstand long-term shocks
• Path dependency, sequence of returns and the most crucial period for a retirement portfolio
• Motivations for writing his latest book and debunking retirement myths
• Safety First vs Probability First
• Optionality vs Commitment
• Different profiles and preferences, and a framework to accommodate them all
• A controversial take on the importance of asset allocation
• Why a 4% withdrawal rate is the least efficient approach
• Navigating the tax maze
• And much more

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.

 

*ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.