Dr. Wade Pfau is the founder of Retirement Researcher, a retirement-focused firm that uses modern and sound academic research to help clients build a retirement plan.  Wade is also the RICP®️ Program Director at The American College.

After studying economics in college, Wade moved to Japan for 10 years. He worked at a university that was focused on pension systems in emerging markets. When he moved back to the U.S., he started studying for the CFA exams and studied the 4% rule for retirement. He wrote an article on the topic that received a lot of positive feedback.

He has since written four books in the Retirement Researcher Guide Series.

In this episode of Framework, we talk about everything from Wade’s love of wrestling, and the best brisket in Dallas, to how he’s helping advisors go beyond asset management. Wade is a goldmine of financial advice, and his work is actively shaping the future of our industry.

“At the end of the day, when you’re trying to manage a unique set of risks in retirement, you have to go beyond the investment portfolio and think more holistically. Having a greater appreciation about how different assets work and raising the awareness around being more comprehensive with retirement income – not trying to just manage retirement with investments – is important. ~ @WadePfau

Main Takeaways

  • Conventional wisdom is using an investment portfolio without considering things like annuities or reverse mortgages because they’re too expensive or seem unnecessary. But when it comes to retirement income, it’s critical to do more than traditional investments.
  • Buffer assets are worth considering to help preserve the portfolio temporarily. Even if there’s a cost, it can still contribute to a better outcome.
  • Advisors should consider outsourcing services they’re less familiar with. It’s critical to provide comprehensive solutions to your clients.
  • Don’t let interest rates alone drive your decisions. Low interest rates can make annuity and long-term care insurance appear unfavorable, but interest rates are hard to predict and will change.

Links and Important Mentions

Get Your Free Blueprinting Guide

The first step to setting up the framework of your business is to have the right blueprint. But knowing what goes into that blueprint is half of the battle. We put together a free resource that you can use to set your firm down the right path.

Go to CarsonGroupCoaching.com to get your free blueprinting guide.

Subscribe and Stay in Touch

 

Dr. Wade Pfau and Retirement Researcher are not affiliates of Carson Partners or CWM, LLC.  Opinions expressed by Dr. Pfau during the Framework podcast may not be representative of Carson Partners or CWM, LLC.

facebook twitter linkedin mail print
Share Post: facebook twitter linkedin mail print
Recent Posts
Blog

Dr. Howard Liu: Reconnecting for Better Mental Health

By: Jamie Hopkins
Dr. Howard Liu has had a front-row seat to the mental health impacts of the pandemic through his work as a child psychiatrist and Chair of the University of …
Blog

Anthony Zhang: Turning Challenge into Opportunity

By: Jamie Hopkins
Serial entrepreneur Anthony Zhang launched his latest venture, Vinovest, a fintech for fine wine investing, in 2020, just before the pandemic took hold. The stock market soon fell 30%, …
Blog

Dr. Richard Thaler: The Psychology Driving Our Money Decisions

By: Jamie Hopkins
Why do we make the decisions we do when it comes to money? In today's episode of Carson Group and PIMCO's Retirement Income Series, behavioral economist Dr. Richard H. …
Blog

Christine Benz: Breaking Down Retirement Income Planning Strategies

By: Jamie Hopkins
What philosophy guides your clients' retirement income planning? In today's episode of Carson Group and PIMCO's Retirement Income Series, Christine Benz, Morningstar's Director of Personal Finance, explains the key …
1 2 3 109