How to Secure Your Retirement with Lifetime Income - Dr. Wade Pfau Interview

Dr. Wade Pfau, a leading retirement income expert, discusses strategies for securing retirement with lifetime income. In this interview, he highlights the importance of risk pooling through annuities, which allow retirees to spend more confidently without fear of outliving their savings. Pfau explains the concept of "GRIP" (Guaranteed Retirement Income Percentage) and how a mix of stocks and annuities can provide a more efficient retirement strategy compared to the traditional stocks-and-bonds approach. He also emphasizes the importance of working with a knowledgeable advisor to select the right annuity for different retirement needs.