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.
