The length of retirement is one of the most important
assumptions in a financial plan; therefore, care should be taken that is
estimated as accurately as possible.
Join David Blanchett, Ph.D., CFA, CFP®, Head of Retirement
Research for Morningstar Investment Management LLC, for a special presentation, when
he will explore a variety of topics related to estimating “the end” of
retirement, including a review of life expectancy and its drivers, the accuracy
of subjective mortality estimates, the actual assumptions used by financial
advisors in financial plans, as well as a model that can be used to approximate a
reasonable retirement period that considers personalized mortality and the
probability of success.
Learning Objectives:
- Understand how accurate subjective life
expectancy estimates are, what objective factors actually matter, and what
people tend to get wrong
- Identify the implications associated with not
considering personalized mortality factors, and the extent financial advisors
currently consider them
- Determine how to appropriately estimate the
length of retirement for a financial plan assuming the outcome metric is the
probability of success and retirement is assumed to last a fixed period
Please Note: One CE credit will be provided for CFP, RICP, CLU, ChFC, and CFFP/Kaplan designations.