More Publications (sort of)

I had two letters to the editor published today by Advisor Perspectives.

In response to Robert Huebscher’s generally excellent The Simplest, Safest Withdrawal Strategy, I wrote:

I greatly appreciate your work in this piece.  Using TIPS beats most other portfolio options for retirement income, but I don’t think it is the best one.  You cite Zvi Bodie for the idea that “the primary goal in retirement is to ensure that one is not a financial burden to one’s children.”  I agree.  But then one needs to deal with longevity risk – a 30-year window is not enough to do that (especially since so many people fear running out of money so much – recent studies say they fear it even more than death).  In my view, but for the wealthy, a solution offered as relatively “safe” (not to mention “simple”) requires the use of annuitization, perhaps in conjunction with a portfolio solution.

In response to Lance Roberts’ commentary, Boomers are Going to be a Real Drag, I wrote: 

The Federal Reserve Bank of San Francisco’s “Headwinds” report and, as far as I’m aware, all of the reporting thereon, including Lance Roberts’ commentary,  missed a 2009 CBO background paper on the same subject which comes to a different conclusion.

I’m not pitching which argument I buy, but the CBO piece ought to be part of the discussion.

One thought on “More Publications (sort of)

  1. Pingback: The Death of Equities is (again) Greatly Exaggerated | Above the Market

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