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Wade Pfau
Works at McLean Asset Management & The American College
Attended Princeton University
Lives in Philadelphia, PA
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Wade Pfau

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Deferred income annuities (DIA) have grown in popularity in recent years, and they are poised for further growth as the Treasury Department has simplified procedures for purchasing them in retirement accounts. They are a cousin of single-premium immediate annuities (SPIA), as both offer a guaranteed lifetime income in exchange for [...]
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Wade Pfau

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At the Financial Advisor Retirement Symposium, Nick Murray was critical of advisors discouraging clients away from being heavily in stocks for retirement.
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My Retirement Dashboard and the CoRI Indexes both provide different ways to conceptualize about the costs of retirement and amounts of sustainable income
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A lot has already been written about the sequence of returns risk confronting retirees. But the full implications of sequence risk have not been completely internalized. Retirees become more vulnerable to investment volatility, because as they withdraw from their portfolio they may find themselves locking in investment losses. It’s the opposite effect from dollar cost averaging. In my new column at Advisor Perspectives, I aim to walk readers thro...
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Blog is Moving to RetirementResearcher.com; Please Re-Suscribe via Email
The blog has been quiet for a while, but not because it is going away. Rather, I've been receiving some great help to set up a new and improved website and blog at www.RetirementResearcher.com The new website is now up and running, and soon all the links on...
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Wade Pfau

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About my new whitepaper for OneAmerica on Life Insurance, Investments, and Annuities
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Finally getting back to writing for Forbes...
An ongoing theme in my research about retirement income planning is just how big of an effect that sequence of returns risk has for both pre-retirees and post retirees. We are really vulnerable to the sequence of market returns experienced in the years in which we are saving for retirement, [...]
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I’ve finished a new research article called, “Making Sense Out of Variable Spending Strategies for Retirees.” There are countless strategies out there, and this is my effort to do what the title says. I think this is important for a number of reasons:   Discussions of different strategies are usually based on different market assumptions, which makes comparisons between them more difficult. The traditional “failure rate” measure (which indicates ...
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Rising Glidepaths and Liability-Matching Portfolios
This week in the Wall Street Journal 's Encore Report section, I have short pieces about reverse mortgages and budgeting in retirement . Also, on Monday, William Bernstein published an article in the Wall Street Journal called, "How to Think About Risk in R...
This week in the Wall Street Journal</i>'s Encore Report section, I have short pieces about reverse mortgages and budgeting in retirement. Also, on Monday, William Bernstein published an article in the Wall Street Journal ...
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549 people
marcelino navarrete guzman's profile photo
Joyce Atchley's profile photo
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annar panju's profile photo
Work
Occupation
Academics and Research
Employment
  • McLean Asset Management & The American College
    Professor of Retirement Income, present
    Wade D. Pfau, Ph.D., CFA, is a professor of retirement income in the Ph.D. program in financial services and retirement planning at the American College in Bryn Mawr, PA. He is also a Principal and Director at McLean Asset Management, helping to building model investment portfolios which can be integrated into comprehensive retirement income strategies.
  • National Graduate Institute for Policy Studies
    Associate Professor, 2003 - 2013
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Philadelphia, PA
Previously
Tokyo - Des Moines, IA - West Bloomfield, MI - Iowa City, IA - Princeton, NJ - Washington, DC
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Building reputation as a leading educator and researcher on retirement income.
Introduction

Wade D. Pfau, Ph.D., CFA, is a Professor of Retirement Income in the Ph.D. program for Financial and Retirement Planning at The American College in Bryn Mawr, PA. He also serves as the Director of Retirement Research for McLean Asset Management  and inStream Solutions. He is a past selectee for the InvestmentNews “Power 20” in 2013 and “40 Under 40” in 2014, the Investment Advisor 25 list for 2014, and  Financial Planning magazine’s Influencer Awards. He is a two-time winner of the Journal of Financial Planning Montgomery-Warschauer Editor’s Award, and he has won two Academic Thought Leadership Awards from the Retirement Income Industry Association. He has contributed to the curriculum of the Retirement Income Certified Professional (RICP) designation and the Retirement Management Analyst (RMA) designation. He has spoken at the national conferences of organizations such as the CFA Institute, FPA, NAPFA, and AICPA-PFP. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals. He is also an active blogger at the Retirement Researcher blog, and is a monthly columnist for Advisor Perspectives, a RetireMentor for MarketWatch, a contributor to Forbes, and an Expert Panelist for the Wall Street Journal. His research has been discussed in outlets including the print editions of The Economist, New York Times, Wall Street Journal, and Money Magazine.

Education
  • Princeton University
    Economics, 1999 - 2003
  • University of Iowa
    Economics, Political Science, History, 1995 - 1999
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Male