ReSolve Riffs with Wade Pfau on Optimal Retirement Strategies

Resolve's Gestalt University

Sep 27 2022 • 1 hr 18 mins

Wade Pfau is Professor of Retirement Income at The American College and has published several books on retirement, most recently The Retirement Planning Guidebook: Navigating The Important Decisions For Retirement Success. He joined us for an awesome discussion that included:

  • The drawbacks of privatized retirement plans
  • Why longevity pooling is so important
  • Trade-offs between defined benefits and defined contribution plans
  • Varying incentives across countries
  • How different systems can withstand long-term shocks
  • Path dependency, sequence of returns and the most crucial period for a retirement portfolio
  • Motivations for writing his latest book and debunking retirement myths
  • Safety First vs Probability First
  • Optionality vs Commitment
  • Different profiles and preferences, and a framework to accommodate them all
  • A controversial take on the importance of asset allocation
  • Why a 4% withdrawal rate is the least efficient approach
  • Navigating the tax maze
  • And much more

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.

*ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.