How should individuals invest and spend in retirement with interest rates so low, stock valuations high, and inflation uncertain. Why retirement managed payout funds and income replacement funds failed.
Topics covered include:
- How managed payout and income replacement funds compare to immediate annuities
- Why Vanguard and Fidelity changed the objective of their retiree focused income replacement and managed payout funds
- How fixed annuities work
- How retirees should combine annuities with multi-asset class portfolios to ensure a successful retirement
- Why the 4% retirement spending rule is not appropriate for all investors all of the time.
- Why inflation is the biggest determinant of how much retirees can spend
- Why is there so much controversy over the current and future inflation rate
Thanks to Mint Mobile) and Truebill) for sponsoring the episode.
Show Note Links
Vanguard Throws in the Towel on Its Managed Payout Fund by Daren Fonda—Barron's)
Generating Retirement Income Isn’t Easy, Even for Vanguard by Reshma Kapadia—Barron's)
Today's Best Multi-Year Guaranteed Annuities (MYGAs)—ImmediateAnnuities.com)
Opinion: The inventor of the ‘4% rule’ just changed it Brett Arends—MarketWatch)
The Price of Tomorrow: Why Deflation is the Key to an Abundant Future by Jeff Booth)
Alternate Inflation Charts—John Williams' Shadow Government Statistics)
Americans Are Richer Than We Think by By Phil Gramm and John F. Early—The Wall Street Journal)
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