In this Kitces Monthly webinar, Michael Finke, Professor of Wealth Management at The American College of Financial Services, explains the concept of creating a goal-based retirement income plan, which can provide retirees with more flexibility in their retirement income plan while balancing their lifestyle and legacy goals. In this webinar, Finke demonstrates the need for spending adjustments and provides a simple 4-step framework advisors can use to discuss products that reduce longevity risk. In this webinar, advisors will learn:
- The fundamental principles of goal-based retirement planning
- The limitations of traditional withdrawal strategies and failure rates in retirement income planning
- How to apply a four-step retirement income plan to address client preferences, objectives and income tradeoffs
- How to apply a goal-based strategy to help clients select investments and financial products
