A Safety-First Retirement | Wade Pfau

[@topdecile]

This was a great video. Wade is so knowledgeable.

[@ExcessReturns]

Thank you!

[@erickarnell]

Great job with a mature and measured conversation. I learned something about my own retirement psychology as I listened.

[@ExcessReturns]

Thank you!

[@CultishCreative]

thank you Eric!

[@i-postm4943]

Thanks for the deep dive! Great interview with Wade Pfau and reminders! Good stuff about the need for floor and ceiling $. Been burned once via 403(b) variable annuity. So chose the other route... almost done building my bond/CD ladder. With a little help from Mr. Market, that'll see me past sequence of return risk and to age 69 when I'll start collecting Social Security Retirement. SS is my annuity for life with no COLA rider or other expenses!

[@Scott-xf5xb]

Excellent conversation!

[@ExcessReturns]

Thank you!

[@carlyndolphin]

Imagine if the stock market is flat for 3 decades like what happened in Japan. This is why I prefer a well diversified global portfolio. I also like owning some real estate. There’s no free lunch.

[@CharlesHermite-l2x]

In order to improve the withdrawal rate at optimal level, multiple strategies must be implemented along with stocks as well as ETFs. Drawdown/Volatility/Beta must be contained to certain extent. I firmly believe that you shouldnot consider stocks/S&P 500 and bonds as only option mainly due to the asset correlation. Other alternative strategies could be implemented.

[@pengmagno7395]

The insurance industry does not really score high in consumer’s trustworthiness scores rating only 27% in a recent study. So what is the risk of putting a big chunk of one’s hard earned stash in an annuity?

[@3betonly]

hi, an episode on perpetual withdrawal rate is in your plan? Aniyay, always a pleasure to follow you, thank you.

[@sbkpilot1]

It's false to claim the US has always recovered quickly. 1966-82 was a 17 year secular bear period where inflation adjusted returns were negative, that is the cycle which sustained 4%

[@favjr]

You never got to the elephant in the room. Wade likes to pretend that the safe withdrawal rate for all portfolios is essentially the same, even though he knows that is not true. So he never touches how portfolio construction can greatly improve outcomes, and gets very evasive whenever anyone starts pushing him on it. This is intentional, as it makes these other strategies involving annuities and other things look a lot better than they actually are. You know who loves the RISA and "safety first" the most? People who sell insurance products. It does their grooming and marketing for them. But its really no better than other pop psychology quizzes -- just a lot longer and more repetitive.

[@lordabhikingfisher8087]

100% agree. The folks who sell insurance product are crooks of the worse kind and they know it and will avoid getting exposed.

[@markcobb8253]

Actually he does touch on portfolio construction if you've read his material. He likes the Flooring Approach for some that either don't have a lot of assets or don't like risk. Some do. Some don't. You used the word 'improve'. Some people like guarantees. To each his own.