I agree with you but I would appreciate if you could actually put the full question and not just a teaser in the thread subject. It drives me nuts when people use thread titles that give no clue as to the content.Who is Wade pfau?
LOL, I did "google" the man and basically it says he's a professor at American College but is he like the Pied Piper of the retirement world.
I see him quoted often here.
BC
Yes, he is quoted often, because he is an academic and specialist in retirement finance, a topic near and dear to all of us. His work has been thoroughly discussed here, I would suggest you do a forum search for threads with "Pfau" in the title, you will see a number of threads discussing specific publications of his.Who is Wade pfau?
LOL, I did "google" the man and basically it says he's a professor at American College but is he like the Pied Piper of the retirement world.
I see him quoted often here.
BC
He is an annuity salesman with an increasingly thin veneer of academic respectability.
Thanks to whoever updated the thread subject title. Being able to search is another good reason for making descriptive and accurate titles.Yes, he is quoted often, because he is an academic and specialist in retirement finance, a topic near and dear to all of us. His work has been thoroughly discussed here, I would suggest you do a forum search for threads with "Pfau" in the title, you will see a number of threads discussing specific publications of his.
+1Thanks to whoever updated the thread subject title. Being able to search is another good reason for making descriptive and accurate titles.
+1. Some of Pfau's earlier papers were enlightening IMO, but he seems to have gone headlong into the above as described by brewer12345.He is an annuity salesman with an increasingly thin veneer of academic respectability.
I agree with you but I would appreciate if you could actually put the full question and not just a teaser in the thread subject. It drives me nuts when people use thread titles that give no clue as to the content.
He is an annuity salesman with an increasingly thin veneer of academic respectability.
+1 on Kitces and Guyton. Two people who are informed by real life in addition to all the back testing they do.i prefer the work of michael kitces .
pfaus research seems to always have an annuity theme . which he changes his opinion on frequently .
remember how the rising glide path was the great fixer . then it was pointed out by guyton how bad a time this is from a bond perspective as opposed to looking at it from stocks and wade agreed .
Dr. Pfau does seem less interesting these days, IMHO. Or am I just getting smarter and thus harder to impress? Time will tell.
He is an annuity salesman with an increasingly thin veneer of academic respectability.
Dr. Pfau does seem less interesting these days, IMHO. Or am I just getting smarter and thus harder to impress? Time will tell.
I think after a while, it becomes a question of 4%, 3.8%, 3.753216% and so on.
After you get zeroed in on the premise there's not much more to discuss.
The real question for me is - how do you pronounce these names? Is it just coincidence that neither are obvious pronunciations?
Pfau? Silent "p" I assume? Fow (rhymes with How?)? Or Foe (rhymes with Toe?)?
Kitces? "C" like an "S"? "Kit" as in "Kitten", or as in "Kite"? End in "-esss" or "ezzz" or "issss"?
-ERD50