Guaranteed income is the largest financial asset for most retirees, yet its role in a financial plan is generally quite minor, treated simply as a cash flow that can be used to fund the retirement liability.
Explore why financial planners need to consider guaranteed income more fully since doing can have significant implications on optimal investing and spending strategies. Topics about guaranteed income discussed include its role on the balance sheet, its impact on portfolios, how it affects optimal spending strategies, and why it’s worth more than other assets, especially today.
Learn more about guaranteed income with a complimentary webinar hosted by Mutual of Omaha Mortgage. The webinar has been approved for 1.0 hour of CFP® CE Credit.
On December 8th, 2 PM Eastern, join David Blanchett, PhD, CFA, CFP®, for Guaranteed Income: The Forgotten Household Asset.
The webinar will cover how to:
- Summarize how to evaluate the benefit of guaranteed income and why the probability of success is the wrong metric to assess its value.
- Distinguish how guaranteed income should be considered as part of a balance sheet and statement of cash flows.
- Realize the impact of guaranteed income on optimal spending strategies, including a review of how it is a more valuable asset than a traditional portfolio, especially in today’s environment.
David M. Blanchett, PhD, CFA, CFP® is head of retirement research for Morningstar Investment Management LLC. In this role, he helps develop and maintain methodologies relating to wealth forecasting, general financial planning, automated investment selection, and portfolio assignment for Morningstar Investment Management LLC. Prior to joining Morningstar, he was the Director of Consulting and Investment Research for the Retirement Plan Consulting Group at Unified Trust Company. He has published over 100 papers in a variety of industry and academic journals.
Mutual of Omaha Mortgage is a supporter of the Limited & Extended Care Planning Center.