Bogleheads® Conference 2023 - Wade Pfau Discusses Retirement Income Planning with Jim Dahle

Bogleheads December 23, 2023
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Building a world of well-informed, capable, and empowered investors! The Bogleheads® are a group of investors who follow the investing philosophy of John C. Bogle, the founder of Vanguard. Bogleheads emphasize regular saving, broad diversification, and sticking to one’s investment plan regardless of market conditions. Bogleheads follow simple investment principles that produce risk-adjusted returns greater than those of the average investor. These principles are based on Nobel prize-winning research, but they are easy to understand. And most importantly, they work. Successful investing is not complicated, and it can be accomplished by anyone with a small amount of effort. Although Bogleheads investing may seem simple, it is based on decades of research showing that buying and holding the whole market outperforms alternatives. Bogleheads® is a registered trademark of the John C. Bogle Center for Financial Literacy, a non-profit organization dedicated to improving financial literacy.

Video Description

Jim Dahle interviews Wade Pfau about retirement income styles, retirement spending strategies, annuities, reverse mortgages, and more. Chapters: 0:00 Introduction of Wade Pfau 1:26 Industry conflicts of interest 3:03 International safe withdrawal rates 4:10 Two schools of thought about retirement income 5:07 Dealing with Conflicts of Interest 8:29 Decumulation phase as compared to accumulation phase 12:25 Retirement income styles 23:56 Sequence of returns risk 28:18 Variable spending stratgies 39:27 Annuities 44:47 Whole life insurance 50:55 Reverse mortgages Recorded on October 14, 2023. The complete Bogleheads 2023 Conference Proceedings can be found at https://boglecenter.net/2023conference/ Bogleheads University 2023 is split into two tracks: Bogleheads 101 Investing Fundamentals and Bogleheads 501 Advanced Topics. The Bogleheads University Courses can be found at https://boglecenter.net/bogleheads-university/. Slides and transcripts are also available. The John C. Bogle Center for Financial Literacy (https://boglecenter.net/) is a non-profit organization dedicated to improving financial literacy. The Center’s mission is to expand the legacy of John C. Bogle, the founder of Vanguard, by promoting the principles of successful investing and financial well-being through education and community. The Center envisions a world of well-informed, capable, and empowered investors. Community outreach is achieved through the Bogleheads forum, wiki, and blog, as well as in-person and virtual Bogleheads chapters worldwide. Bogleheads.org: Bogleheads Website Home Page: https://www.bogleheads.org/index.php Bogleheads Forum: https://www.bogleheads.org/forum/index.php Bogleheads Wiki: https://www.bogleheads.org/wiki/Main_Page Bogleheads Blog: https://www.bogleheads.org/blog/ Investors can get started here: https://www.bogleheads.org/wiki/Getting_started Social media: Bogleheads on Facebook: https://www.facebook.com/Bogleheads/ Bogleheads on Twitter: https://twitter.com/bogleheads/ Bogleheads® is a registered trademark of the John C. Bogle Center for Financial Literacy.

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