Over the last decades, dynamic income planning with withdrawal rate guardrails has become more and more common. Unfortunately, this approach to retirement income guardrails struggles when faced with more complex, realistic client scenarios. In this webinar we covered the strengths and shortcomings of withdrawal rate-base income guardrails and dive into a more general risk-based guardrail approach that solves those shortcomings.
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.
