The thought leadership by our Income Lab co-founder Justin Fitzpatrick was recently featured in ThinkAdvisor! He wrote a great article to help financial advisors rethink risk in retirement planning by first understanding that the “framing of risk is fundamentally flawed. Typically, if retirees “fail” to achieve the income they had hoped for, they don’t run out of money. They don’t experience financial ruin. They adjust — just as they would have during their working years.” The reframing the conversation around risk from “one of success and failure to one of (minor) adjustments will provide clients with a more realistic view of their retirement journeys so they can worry less and enjoy life more.”
