Any financial plan is only as good as its assumptions.
Four key retirement realities that are often overlooked by financial advisors when developing a financial plan that can significantly impact retirement projections and corresponding recommendations, include that retirees tend to retire early (and suddenly), most retirees don’t work in retirement, retirees typically live longer than they expect, and retirees tend to increase spending by less than inflation.
While the aggregate impact of these effects on required retirement savings is mixed, incorporating these insights into a financial plan is important to help set realistic client expectations and to ensure the underlying assumptions in the financial plan are as accurate as possible!
In "Four Retirement Realities (and What to Do About Them)" by David Blanchett, you will learn why:
- People tend to retire before they expect to do so;
- Most retirees don’t work in retirement;
- Retirees live longer than they expect to;
- Spending changes in retirement.
This on-demand webinar is a recording of a recent live webinar. Check our WEEKLY REBROADCAST SCHEDULE where there is no need to take the online quiz to receive CE. You may also take this on-demand course any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.
Meet David Blanchett, Ph.D. CFA, CFP®, Retirement Research and Income Planning Expert
Retirement planning experience
David Blanchett, PhD., CFA, CFP® is the head of retirement research for Morningstar Investment Management. He works to enhance the group’s consulting and investment services. David conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement plans and he serves as the Chairman of the Advice Methodologies Investment subcommittee.
Retirement planning thought leadership and expertise
David’s research has been published in a variety of academic and industry journals and has been featured in a variety of media publications. In 2014 Money Magazine named him one of the five brightest minds in retirement and in 2014 Investment News included him in their inaugural 40 under 40 list as a “visionary” for the financial planning industry.
He is part of group of retirement thought leaders – truly a breath of fresh air – along with Wade Pfau, Michael Finke and others, who challenge us to go beyond targeting 80% replacement rates, traditional retirement portfolio asset allocations, inflation-adjusted systematic withdrawals of 4% and probabilities of success or failure.
Invest in Your Retirement Expertise.
1 hr CFP®, CRC®, and other CE Credit Reporting
We are a CE Sponsor with the CFP Board of Standards and the professional development partner of the International Foundation for Retirement Education (InFRE).
We will report your CFP® and/or CRC® credit (no additional reporting fee). Please add your ID at checkout. You are responsible for reporting all other certification CE credit.
Over 50 courses are accepted for continuing education (CE) credit for those who have earned the Certified Financial Planner® (CFP®) certification, the International Foundation for Retirement Education’s (InFRE) Certified Retirement Counselor® (CRC®) certification, the College for Financial Planning’s Chartered Retirement Plan Consultant (CRPC) certification, the American College’s designations (ChFC, CLU, RICP), Retirement Management Analyst designation (RMA), ASPPA and other certification or designations.
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