Jim believes this week’s program is one of the most important of the year in terms of planning for a long and successful retirement. Jim’s guest is Wade Pfau PhD, CFA, Professor of Retirement Income at The American College. He recently co-authored the article “Why 4% Could Fail – Some underlying assumptions must change if we are to find a real oncome stream for retirement.” Jim and Dr. Pfau will discuss his studies on retirement income and how the rules are changing. Jim will also share his experience of 35 years in retirement planning, in regard to what has worked and what are the major impediments to success. The issue is critical, as an estimated 10,000 Boomers head into retirement every day, and this trend should continue over the next decade and beyond. They discuss some of the rules and traditions regarding retirement investing, and how they no long apply. Jim also offers two case studies to illustrate the changing realities of investing for retirement.
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