Are You Planning for Retirement Income Differently Than Accumulation?

One of the biggest mistakes I see advisors make while helping with retirement planning is treating retirement like an extension of accumulation. It isn’t. Once a client retires, the question changes from “How do we grow the portfolio?” to “How do we turn what they’ve built into a sustainable paycheck?” That’s exactly what we unpacked in the latest episode of Wolfe on the Street, where I sat down with Jason Sanger, President, Wealth Building Cornerstones, LLC (WBC) and Dr. Wade Pfau, PhD, CFA, RICP® to discuss a more efficient approach to retirement income planning. We dive into: Why income, liquidity, and legacy should be treated as three distinct functions of money in retirement How the income-liquidity-legacy waterfall can change the way you build a retirement plan Why longevity risk and sequence of returns risk can create challenges for an investment-only approach How risk pooling and protected lifetime income can potentially create greater efficiency The research behind our new waterfall whitepaper. How Quantum’s exclusive MRI system can help advisors take these concepts from research to customized client conversation. Why incorporating an annuity doesn’t have to mean giving up stock-market upside One of my favorite takeaways from the conversation is that retirement income planning doesn't have to be an either/or decision between investments and insurance. The goal is to determine how each dollar can work most efficiently, creating the income a client needs while preserving as much liquidity and legacy potential as possible.