Despite significant advances in computing power and a relatively extensive body of research on the nature of retirement, assumptions in retirement research and income planning tools have evolved only modestly over the last 30 years.   

Improving our retirement income models can have a notable impact on advice and guidance for clients in multiple domains (e.g., withdrawal rates, portfolio risk levels, annuity allocations, etc).  

Even if some models can’t be completely implemented because of software limitations, advisors can at least tweak their modeling assumptions/approach to better calibrate their advice/guidance with a more robust approach.Cs. 

In "Redefining the Optimal Retirement Income Strategy" with David Blanchett, you will learn:

1. Key assumptions in retirement income projections (e.g., Monte Carlo simulations) have changed relatively little in three decades (e.g., most models rely on static models and success rates and the primary outcomes metrics);
2. A cohesive series of models that both improve retirement income projections and could actually be implemented in financial planning tools; 3
3. How to understand the limitations of your current tools (and how to work around them, as best as possible). 

Your presenter is David Blanchett, PhD, CFA, CFP®, Head of Retirement Research, PGIM DC Solutions.

David M. Blanchett, PhD, CFA, CFP® is head of retirement research for PGIM DC Solutions. In this role, he helps develop and maintain methodologies relating to wealth forecasting, general financial planning, automated investment selection, and portfolio assignment for PGIM DC Solutions.

He has published over 100 papers in a variety of industry and academic journals that have received a number of awards. He is currently an Expert Panelist for the Wall Street Journal, an Adjunct professor of Wealth Management at The American College, and a member of the ERISA Advisory Council. He recently earned the Best Research Award for the Annual Research Track at the 2020 Financial Planning Association Annual Conference.

Moderator: Betty Meredith, CFA, CFP®, CRC®, Int’l Retirement Resource Center

1 hr CFP®, CRC®, and other CE Credit Reporting

We will report your CFP® and/or CRC® credit (no additional reporting fee) checkout.  After purchase you will receive an email with a token. Please redeem token to take this course. You will receive another email explaining where to enter your CFP® and/or CRC® IDs  You are responsible for reporting all other certifications for CE credit. 

Overall Rating: 4.7 / 5

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