Naturally, this is a very important question for those approaching retirement. Financial professionals have developed thousands of ways of answering this question, but retirement is getting longer and longer, and ever more complicated. How can you know if you’re ready for retirement?
It is not an easy task, but it is achievable.
This in-depth study focuses on sustainable spending from investments, which is an important piece of any retirement plan. People want to know if they have saved enough to be able to fund their lifestyle in retirement. In this book, Wade Pfau explains the findings of a large body of financial planning research regarding sustainable spending from investment portfolios in the face of a variety of retirement risks.
Inside, Dr. Pfau explores how the estimates traditional studies provide about sustainable spending may be too optimistic and what you can do to make your plan match reality. Conversely, he considers how sustainable spending may be even higher than traditional studies imply.
This book – Dr. Pfau’s second – is about implementing what he calls the “probability-based” school of thought for retirement planning. It is especially relevant for people who plan to fund their retirements using an investment portfolio, and those who are hesitant about using income annuities or other insurance products.
With the insight that only a professional can provide, Dr. Pfau weighs the options and presents his own answer to the question, “How much can you spend in retirement?”
Here’s what other people are saying about the book:
“Wade Pfau’s book is an exhaustive examination of sustainable withdrawals from investment portfolios. Written in lucid prose, and accompanied by copious illuminating charts and tables, Pfau investigates the topic from every conceivable angle.”
Bill Bengen - Retired financial planner, father of the 4% Rule, and author of Conserving Client Portfolios During Retirement
“Wade Pfau is among the most trusted names in personal finance. He’s clear, fair, and bases his advice on solid research. You never have to get trapped by a financial huckster again. Wade’s books and blogs are your reality check. Mine, too!"
Jane Bryant Quinn - Personal finance columnist and author of How to Make Your Money Last: The Indispensable Retirement Guide
“Wade is one of the most prominent thought leaders in the retirement income planning industry today. His research and writing are refreshing, engaging, and thorough, and his works are must-reads for financial planners and retirees.”
David M. Blanchett, PhD, CFP®, CFA - Head of Retirement Research, Morningstar Investment Management, LLC
“Wade Pfau is, in my opinion, today’s leading expert in the field of retirement income planning. This series of books provides readers with valuable information gleaned from his important research and is a must-read for those who want to be better prepared for their retirement years."
Mel Lindauer - Forbes.com columnist and co-author of The Boglehead’s Guide to Investing and The Boglehead’s Guide to Retirement Planning
Order in Bulk - $20 Each
We have had several requests from financial advisors, consumers, and lenders for a bulk buying option. We offer discounted bulk pricing for people interested in using any of Dr. Pfau’s books for promotions, giveaways, employee resources, etc.
Please note, standard shipping and handling is covered in the price. Bulk orders will take approximately one to two weeks to arrive.