How to Find Your Ideal Retirement Income Strategy - Dr. Wade Pfau Interview

Dr. Wade Pfau, a leading retirement expert, discusses the importance of personalized retirement income strategies and why the traditional "4% rule" may not work for everyone. He explains how the sequence of returns risk can impact retirees who rely solely on investments and highlights the need for a diversified approach that includes both market-based and guaranteed income solutions. Dr. Pfau introduces the Retirement Income Style Awareness (RISA) tool, which helps individuals determine their ideal retirement strategy based on their risk tolerance and income preferences. With four distinct styles—Total Return, Time Segmentation, Income Protection, and Risk Wrap—this tool ensures retirees choose a plan that aligns with their comfort level and long-term financial goals.