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The Retirement Income Showdown between Safety First and Probability Planning

In Dr. Wade Pfau’s February 2017 article in the Journal of Financial Planning titled “Retirement Income Showdown: Risk Pooling vs. Risk Premium,” he references Modern Retirement Theory as the example of the safety-first philosophy of retirement income planning.  This research concluded that the safety-first approach to retirement income planning supports spending goals and preserves assets for contingencies and legacy.

Modern Retirement Theory is the most comprehensive and useful safety-first retirement planning framework placing the client’s unique Retirement Sheet at the center of planning rather than products.


By Jason Branning

Jason K. Branning, CFP®, RICP® is co-founder of Modern Retirement Theory.