I really enjoy reading Wade Pfau's blog, and sometimes I wonder if we're watching a new generation's economist spreading his wings to take the financial research world by storm. I think the next big advances in retirement forecasting success will rely on being able to model variable withdrawal rates and various types of [-]annuities[/-] "insurance" against portfolio failure.
Or maybe he's perfectly happy to use his blog to crowdsource his research a little before he throws it to the FPA Journal's peer-review wolves.
His latest post explains why you might actually want to buy a SPIA now, before interest rates go up:
Pensions, Retirement Planning, and Economics Blog: Are Annuities (SPIAs) Okay When Interest Rates are Low?
I think every retiree should annuitize a portion of their portfolio, even if it's just Social Security or a military pension, but I wouldn't have considered this to be a buying opportunity. The logic is counterintuitive but worth considering.
Note the extensive quoting of Bogleheads posters.
Or maybe he's perfectly happy to use his blog to crowdsource his research a little before he throws it to the FPA Journal's peer-review wolves.
His latest post explains why you might actually want to buy a SPIA now, before interest rates go up:
Pensions, Retirement Planning, and Economics Blog: Are Annuities (SPIAs) Okay When Interest Rates are Low?
I think every retiree should annuitize a portion of their portfolio, even if it's just Social Security or a military pension, but I wouldn't have considered this to be a buying opportunity. The logic is counterintuitive but worth considering.
Note the extensive quoting of Bogleheads posters.