Redefining the Optimal Retirement Income Strategy

< Back to Home

,

Retirement is seldom as simple as assumed in research and financial planning tools. This presentation will review a cohesive series of models designed to improve retirement income projections that incorporate spending flexibility implemented with a dynamic spending where optimal strategies are determined using an expected utility model based on prospect theory. This framework can result in guidance that is significantly different than models using basic assumptions, especially approaches relying on probability of success-related metrics.

​Learning Objectives

Upon successful completion of this learning activity, you will confidently be able to:​

• Overview common assumptions in financial plans and where gaps may exist
• Explore how different outcomes metrics can result in different advice and how to implement this research in financial planning tools available today
• Why dynamic modeling is better than static approaches

Presenter

David Blanchett, PhD, MSFS, CFA, CLU^®, ChFC^®, CFP^®

CFP^® CE Credit

This content is eligible for one hour of CFP^® continuing education (CE) credit.

If you hold the CFP^® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP^® ID number is entered here.

The College’s Professional Recertification Program (PRP)

This content is eligible for one hour of PRP continuing education credit.

To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.

Please Rate This Course

After you’ve finished this learning, let us know what you think by providing a star rating. Here’s how to submit your star rating:

1. Click on “Write a Review”
2. Next to Rating, click on the number of stars you rate the course
3. Click on “Submit a Review”