Thanks to Dr. Wade Pfau,
- Founder of Retirement Researcher,
- Principal and Director of Retirement Research for McLean Asset Management,
- Research Fellow with the Alliance for Lifetime Income and Retirement Income Institute,
- Professor at the American College of Financial Services, and
- Widely recognized retirement thought leader,
for
once again advocating the use of essentially the same basic actuarial
and financial economics principles for retirement planning for retirees
and near retirees that we have advocated in this website for years.
You can read Dr. Pfau’s thoughts on comparing household assets and spending liabilities and assumptions to use for this purpose in this May 26, 2023 Financial Advisor article.