This compilation of Wade Pfau’s most widely read blog posts covers a variety of topics. It includes posts which introduced some of his most popular research articles, such as safe savings rate, getting on track for retirement, and the efficient frontier for retirement income. Other topics include compounding wealth growth, retiring from a position of strength, bond ladders, and Social Security claiming decisions.
Building a retirement income strategy requires careful risk management. This collection from Wade Pfau investigates key retirement risks related to market volatility (with a list of the biggest stock and bond market drops around the world), the lifetime impact of sequence of returns risk , arguments about whether stocks are less risky or more risky in the long run, and the dangers of investing for income.
This set of posts from Wade Pfau covers highlights about retirement spending from an investment portfolio. It’s the domain of the “4% rule” and the first post discusses the origins for that retirement income strategy. Other topics include issues about why 4% is too simplistic, how advisors can add value for their clients, the impact of low interest rates on retirement spending, and other related topics.
What is a sustainable distribution rate from an investment portfolio? This fundamental question cuts to the heart of distribution planning for a family office or endowment. Wade Pfau explores sustainable distribution rates, risks, and reasonable portfolio returns in several settings.