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Dec 5, 2024 | 
thinkadvisor.com | David Blanchett
Households making less than $100,000 appear to consistently overestimate required savings. The opposite appears true for those earning more. Trying to figure out retirement savings goals often prompts workers to increase their savings, research shows. Despite studies suggesting that Americans need $1 million (or more) to retire successfully, the actual retirement “number” for each household is going to vary materially.
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Oct 24, 2024 | 
bottomlineinc.com | David Blanchett
About 85% of 401(k) retirement plans offer target-date funds, according to the Employee Benefit Research Institute and the United States Government Accountability Office. These professionally managed portfolios of stocks and bonds slowly grow more conservative as you move closer to retirement. Problem: Millions of investors use these funds incorrectly, and that can lead to unanticipated performance outcomes and volatility.
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Oct 8, 2024 | 
thinkadvisor.com | John Manganaro |David Blanchett
There are notable gaps in the retirement income planning services financial professionals think they are providing to clients compared with the services investors are actually reporting they receive, according to the latest research from David Blanchett, managing director and head of retirement research for PGIM DC Solutions.
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Oct 4, 2024 | 
plansponsor.com | David Blanchett
There is an expression that as people age, they not only accumulate assets, but they also accumulate differences. This means that while people tend to have more wealth as they age, on average, their economic situations start diverging notably as well.
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Aug 26, 2024 | 
thinkadvisor.com | John Manganaro |David Blanchett
What You Need to KnowA recent Wall Street Journal article warned that taking 4% withdrawals from a 60/40 portfolio could leave retirees broke if markets don't behave. This warning ignores the reality that retirees can adjust their spending based on circumstances, PGIM's David Blanchett says. The optimal spending rate varies by retiree and should be based on their unique situation.
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Aug 21, 2024 | 
thinkadvisor.com | David Blanchett
And there may well be other considerations regarding technology, aggregation, and tracking. Additionally, the advisor may not be able to easily bill for their services in some annuity structures. That may be the case if, for example, they are fee-only. Yet the unprotected nature of systematic withdrawals leaves clients open to various risks in retirement, notably longevity risk and sequence of returns risk.
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Jul 30, 2024 | 
thinkadvisor.com | John Manganaro |David Blanchett
What You Need to KnowMany wealthy people choose to pass on wealth why they die, but that's not the only way. Experts say passing on assets during one’s lifetime can have big benefits, both psychological and practical. Beyond alleviating financial stress, early inheritance can provide a test run for future big gifts.
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Jul 1, 2024 | 
advisorperspectives.com | David Blanchett
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. The strong performance of large-cap equities (versus small caps) over the last decade has left many investors questioning the potential benefits of explicitly allocating to small-cap equities in portfolios.
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Jun 28, 2024 | 
thinkadvisor.com | John Manganaro |David Blanchett |Michael Finke
What You Need to KnowAt the heart of the analysis is the fundamental tradeoff that unknown longevity presents. The mental transition to decumulation means that retirees without guarantees can significantly underspend. Additional research should explore some of the explanations for conserving wealth in retirement, Michael Finke and David Blanchett suggest.
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May 6, 2024 | 
thinkadvisor.com | David Blanchett
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