Finke, Blanchett on 4% Rule: Retirement Success Is Flexibility, Not Fixation
June 8, 2020 by Jeff Berman
As the COVID-19 pandemic and market volatility continue, now is a great time for advisors to prove their worth to investors by helping them understand what they should do with their portfolios and if they should shift their withdrawal rates, according to retirement experts who spoke Wednesday during a ThinkAdvisor webcast.
David Blanchett, head of retirement research for Morningstar’s Investment Management Group, and Michael Finke, director of the Wealth Management Certified Professional program at the American College of Financial Services, discussed how buffer assets can affect retirement income success and why retirement specialists now are taking a more nuanced view of “safe” initial withdrawal rates than in years past.
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