Episode description
Tune in to hear:
- What are some of the accomplishments of financial psychology thus far and where should we be headed next?
- Why does Wade diverge from a lot of the popular thinking around insurance products and what does the industry get wrong when it comes to these products and retirement income?
- Is it safe to say that a lot of the benefit of these “unpopular tools” is behavioral in nature?
- What question was Wade hoping to answer when he dove into RISA (Retirement Income Style Awareness) research at a high level?
- In their research did Wade and Alex find any sort of overlap with factors like risk composure or are the retirement styles a separate beast?
- Learn more about the psychology of decumulation and how an awareness of someone’s retirement income style preferences could help you solve for the particular complications of distribution
- Are the four retirement income styles distributed pretty evenly amongst the population or are some particularly popular or unpopular? How greatly would their advice shift from one style to another?
- Did Alex and Wade note any gender differences across proclivities towards the different retirement income styles?
Compliance Code: 2105-OAS-11/3/2022