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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.”

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Justin Fitzpatrick, PhD, CFA, CFP - President and Co-Founder of Income Lab
Justin Fitzpatrick, PhD, CFA, CFP

Justin Fitzpatrick is President and Co-Founder of Income Lab, retirement income planning software used by thousands of financial advisors. He developed the guardrails-based approach to retirement income distribution after a decade in financial services at Jackson and seven years in academia at MIT, Harvard, and UCLA. His research on adjustment-based planning has been published on Kitces.com, ThinkAdvisor, AdvisorPerspectives, and FinancialPlanning Magazine.

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Reducing Retirement Risk By Managing Communication Outrage → Retirees Have A Superpower → The Most Tax-Friendly States For Retirees: How To Compare State Income Tax Options For Retiring Clients → Annual Guide to State Taxes in Retirement →

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