For those of you who like to listen to retirement-finance-focused podcasts, we recommend you try the Wealth, Managed podcast of September 24, 2021 featuring Drs. Finke, Blanchett and Pfau, entitled “Approaches to Retirement Income Planning.” In this podcast, these preeminent retirement researchers discuss some of the cons of probabilistic approaches commonly used today by financial advisors utilizing the 4% Rule and Monte Carlo modeling and some of the pros of the Safety-First approach utilizing what Dr. Pfau calls the Funded Ratio. You may recognize the Funded Ratio as the Actuarial Approach described in this website and the Safety-First approach as the approach built into our Actuarial Financial Planner.
Here is the link to their podcast:
Wealth, Managed with Michael Finke and David Blanchett: Ep. 21: Approaches to Retirement Income Planning on Apple Podcasts