Back to Resources

Today, Kitces published a great article co-authored by Derek Tharp and Income Lab co-founder, Justin Fitzpatrick.

Here are a few of the main points:

  • “Spending Risk Curves” can be very useful for an advisor to gain a higher-level understanding of a client’s financial options by visually illustrating the trade-offs between a client’s spending choices and risk in retirement.
  • When clients can actually visualize how their plans translate into real dollars and how guardrails can safeguard against overspending (and allow for more spending when the portfolio does well) – instead of trying to decipher abstract probability-of-success or Spending Risk Curves – they will be better equipped to actually accept and follow their plans!

Read full article >>

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.

View all articles by Justin LinkedIn

Continue Reading

Reducing Retirement Risk By Managing Communication Outrage → Income Lab Appoints Michael Kothakota, Ph.D. of WolfBridge Wealth to its Board of Advisors → How Much Does Having The ‘Right’ Capital Market Assumptions Matter In Retirement Planning? → Retiree withdrawal rates alone are misleading. Here’s why →

Ready to see this in action?

Watch how Income Lab helps advisors answer clients' toughest retirement income questions with guardrails-based planning.

Book a Walkthrough Start Free Trial