ANYTHING WADE PFAU SAYS SHOULD BE TAKEN AS SAGE ADVICE! Haha seriously though, this man is a legend. His work around retirement income planning and the RICP program is at the frontier of managing retirement risk for Americans. Great guy and great interview!
@FrankBatistaElJibaro
2 ай бұрын
One lead host would have been better, the interruptions plus lag made this interview uncomfortable.
@MT-sq3jo
2 күн бұрын
Wade was great, as usual. Having the hosts frequently interrupting or even talking over each other, not so much. I had to stop listening half way through…
@favjr
2 жыл бұрын
Very illuminating as to what he has NOT done in terms of analysis, but I wish you had pushed it further to get the whole truth out when he began dodging some of your questions. (Starting at about 1:01 and even more so at 1:05.) In particular, it appears he assumes that all stock/bond (S&P 500/total bond) portfolios have basically the same safe withdrawal rates across the board and has never bothered to analyze the safe withdrawal rates of more diversified portfolios. And when you poked at it, all he came back with was some babble about some theoretical models allowing somebody to "assume whatever you want" instead of just admitting that he had not done that work. I hope you guys follow up on this because its an endemic problem in the financial services industry, particularly those advisors who want to default people to annuities and structured products instead of doing proper portfolio diversification beyond simple stock/bond ratios. Although you tried to throw him a bone at 1:07 saying that his framework can accommodate your approach, in fact his framework does not get anywhere close to it because he has assiduously avoided doing the work that would disprove his "all portfolios have the same safe withdrawal rate" thesis. I know you guys need to be polite, so perhaps you can address this issue at some other time and place.
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