Skip to main content
FPA Annual Conference 2023 Main banner
Back
Evaluation

Breakout Session

Educational Breakout Sessions | Block 1

How to Improve Client Experiences with Spending Adjustments in Retirement

Wednesday, September 27, 2023
1:00 PM – 2:00 PM MST
Location: PCC: North 127
CE: 1 CFP CE Credit(s)
CE Available
Complexity Level: Intermediate
Advisors and researchers have long commented on the need to adjust spending (up or down) through retirement to accommodate changing circumstances. In this webinar we'll discuss how adjustment-based retirement income planning differs from accumulation planning and examine how this shift affects investor psychology and improves client experience. We'll also look at evidence from historical stress tests that spending adjustments tend to be less extreme than researchers and advisors had previously feared.

Learning Objectives:

  • Understand the nature of income risk in retirement and how this differs from many retirees' assumptions
  • Learn how choice of tools and framing affects client behavior in accumulation and in distribution and why success/failure framing can lead to poor experiences in retirement
  • Become familiar with "risk-based guardrails" for adjustment-based retirement income planning and management
  • See how historical stress tests of adjustment-based plans can help in plan analysis and client communication