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Wade Pfau
More books by Wade Pfau…
“A key difference between probability-based and safety-first approaches is that the probability-based approach is more comfortable with accepting greater volatility for higher return potential and an improved chance for success, while the safety-first approach looks for alternatives that do not expose core retirement spending goals to market volatility. The question is ultimately about which is the best way to be able to spend more than a bond ladder can support: to rely on the excess returns expected to be provided by the stock market, or to rely on the power of risk pooling to bring additional spending power to those facing a higher cost retirement.”
― Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement
― Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement
“Wealth Building Cornerstones.”
― Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement
― Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement
“The objective for retirement is first to build a safe and secure income floor for the entire retirement planning horizon, and only after that does one include more volatile assets that provide greater upside potential and accompanying risk.”
― Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement
― Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement
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