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Nov 19, 2018
Advisors will often say their clients are "self-insured." But because insurance is, by definition, the pooling of risk, no one can actually self-insure. Having insurance means not having to shoulder the burden alone if things go south. It's hedging your bet so that, if the wheels fall off, someone...
Jul 01, 2019
Read about the common misconceptions RIAs have about annuities, and the truth behind them.
Oct 25, 2018
At a recent conference of financial planners who strongly consider themselves fiduciaries, I explained the benefit of tax-favored longevity insurance using a qualified longevity annuity contract (QLAC). I even called them a “no brainer” when building a retirement income plan for a client who doesn’t...
Apr 12, 2017
Attempting to sustain a fixed living standard using distributions from a portfolio of volatile assets is an inefficient retirement income strategy. This is a unique source of sequence risk. Four general techniques for managing sequence risk in retirement are highlighted in Exhibit 1.
Oct 01, 2016
The Journal recently talked with Finke to learn about his current research projects, his views on the future of education in the planning profession, his insight on effective retirement income planning, and his ideas for bridging the research-practice gap.
Feb 07, 2019
Imagine if you had to replicate—at an individual client level—every mutual fund you purchased by buying individual equities. You couldn’t do it. Not even for the simplest S&P 500 fund. Not because you don’t have the skill, but because there isn’t enough scale at an individual client level. And, it...
Jun 25, 2019
The 2019 RIA Retirement Planning Benchmarking Survey provides insight into advisors’ current retirement planning practices and strategies and helps advisors understand ways they may be able to better meet clients’ needs for predictable income and peace of mind in retirement.
Oct 28, 2019
No matter what you think of annuities, they are growing in popularity and could provide the income that clients approaching retirement are not likely to get from financial markets these days. Retirement experts Michael Finke, David Lau, Wade Pfau and David Blanchett weigh in.
Nov 13, 2018
The NAPFA Fall 2018 conference held recently in Philadelphia delivered on its promise to provide a blend of “tradition and financial planning innovation.” The work we do at DPL Financial Partners falls decidedly on the “innovation” side of the business, so it was great to see so much forward...
Oct 23, 2018
As an insurance consultant to RIAs, I am often asked to review legacy annuities. Every case is unique, but often I'm reminded why commission-based annuities are identified as one of the biggest violators of consumer value within financial services. Rider driven variable annuities are the most common...