Comprehensive retirement planning using the household balance sheet

60 Minutes
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When asked to prioritize what services clients want from their advisor, “Maximizing income in retirement” and “help creating a financial plan for my retirement” ranked within the top 3 in a North American survey of advisory clients conducted in early 2020. (2020 Investor Research, Investments & Wealth Institute, April 2020).

Successful retirement income planning focuses on outcomes and process, not products. Join Devin Ekberg, Chief Learning Officer & Managing Director of Professional Development from the Investments & Wealth Institute, as he moderates a panel of three top Retirement Planning Practitioners to reveal how they approach retirement income planning using an outcomes-oriented approach, and a process-first methodology.

Practical tools, techniques, and methodologies discussed include:

  • The Household Balance Sheet—Household balance sheet, financial, social and human capital, start of life-cycle plan
  • Household Cash Flows—Fixed and discretionary expenses, tax-bracket planning, retirement milestones, Medicare and Long-term care, Social Security, pensions, complete life-cycle plan
  • Assessing Retirement Risks—Retiree risk profiles, risk management techniques, floor allocation, probability-based and safety-first strategies
  • Risk Management Allocations—Retirement allocations, withdrawal strategies, time segmentation, retirement policy statements
  • Account Location/Product Selections—Product selection, account location, income annuities

Retirement planning Retirement income Retirement readiness
  • David Adler
    David Adler
    Wealth Management & Behavioral Finance Expert
  • Dana Anspach
    Dana Anspach, CFP®, RMA®
    Founder and CEO
    Sensible Money, LLC
  • Devin Ekberg
    Devin Ekberg, CFA®, CIMA®, CPWA®
    Chief Learning Officer & Managing Director of Professional Development
    Investments & Wealth Institute