He is an annuity salesman with an increasingly thin veneer of academic respectability.
So do you prefer the fruit punch or grape flavor?
It would be very interesting to see the personal portfolios and AAs of all these financial gurus. Then we'd see if they practice what they preach. I tend to believe that Bogle's portfolio is just as he describes it.
Me and My Money: Jack Bogle | Reuters
Let's keep it friendly ..
I agree we should be friendly. But accusations of fraud against someone not obviously fraudulent aren't very friendly. The accusations should be backed up, not casually swatted aside with sarcasm.
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I agree we should be friendly. But accusations of fraud against someone not obviously fraudulent aren't very friendly. The accusations should be backed up, not casually swatted aside with sarcasm.
Sent from my iPad using Early Retirement Forum
I agree we should be friendly. But accusations of fraud against someone not obviously fraudulent aren't very friendly. The accusations should be backed up, not casually swatted aside with sarcasm.
Sent from my iPad using Early Retirement Forum
if you want to slobber all over the guy's shoulder, feel free. He is obviously tainted via funding, so I have no interest in anything he says.
I don't have anything in particular to prove one way or another about Pfau, but when you know what the annuity industry looks like and how they are marketed and sold by folks like Pfau, it doesn't take much to just take a pass on his form of "gospel".
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They've all got their products to sell. I am not sure why Pfau gets picked on in particular. ...
Maybe he's getting 'picked on' in particular in this thread, because the OP asked about him by name?
-ERD50
Some members may share that view, but i would avoid characterizing all views as just one thing. I do not disagree with the view that annuities may play a supporting role in a portfolio but take issue with his projection of low future equity returns, which he uses to suggest annuities as an alternative. That comes across to me as self-serving.Most people on here have a good idea about the issues with annuities of various stripes and have started to criticize Pfau because he has included annuities in his research and has concluded that they are beneficial in some circumstances.
Some members may share that view, but i would avoid characterizing all views as just one thing. I do not disagree with the view that annuities may play a supporting role in a portfolio but take issue with his projection of low future equity returns, which he uses to suggest annuities as an alternative. That comes across to me as self-serving.
And more importantly, is it pronounced Wade Pifow, Wade Fow, or Wade Pow?
I don't have anything in particular to prove one way or another about Pfau, but when you know what the annuity industry looks like and how they are marketed and sold by folks like Pfau, it doesn't take much to just take a pass on his form of "gospel".
Like Brewer, I may look at annuitizing at some point in the future, but it won't be on the advice of Pfau, but rather would be after reading research from those not in the pocket of the insurance/annuity industry.
Everyone's solution is different and opinion and personal philosophy mean that there's no objective "best" solution to generating retirement income. If you are risk averse you will gravitate to some of Pfau's results and gurus like Bernstein. Other's will follow Bogle's advice, some might just go with a balanced or income fund and some might just keep going like they did in accumulation. There are many paths.....Grasshopper.
Are you kidding? The posts/threads that criticize brokers and high-fee FAs must number in the thousands, and they can be much more harsh than the treatment Pfau has received.He has been picked on in other threads, while advisers associated with mutual funds who recommend mutual funds to the exclusion of all other investment types (not naming any person in particular) do not seem to suffer the same level of scrutiny.