David Blanchett: If You're Retiring Now, You're in a Pretty Rough Spot

Our guest this week is David Blanchett, head of retirement research for Morningstar Investment Management. In his role at Morningstar, Blanchett works to enhance the Investment Management group's consulting and investment services and conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement. He's also adjunct professor of wealth management at The American College of Financial Services. Blanchett's research has been published in a variety of academic and industry journals, such as the Financial Analysts Journal, the Journal of Financial Planning, The Journal of Portfolio Management, The Journal of Retirement, and The Journal of Wealth Management. His research won the Journal of Financial Planning's 2007 Financial Frontiers Award, the Retirement Income Industry Association's 2012 Thought Leadership Award, the Journal of Financial Planning's 2014 and 2015 Montgomery-Warschauer Awards, and the Financial Analysts Journal's 2015 Graham & Dodd Scroll Award. Background David Blanchett's bio David Blanchett's research archive Quantifying the Value of Advice Alpha, Beta, and Now ... Gamma The Value of a Gamma-Efficient Portfolio Vanguard Advisor's Alpha Capital Sigma: The Advisor Advantage Reducing Wealth Volatility: The Value of Financial Advice as Measured by Zeta Retirement Annuities are Likely Coming to Your 401(k). Should You Use Them? A Safe Harbor for Annuities Could Help Retirement Savers Save More Today: Improving Retirement Savings Rates With Carrots, Advice, and Nudges Nudge, by Richard Thaler and Cass Sunstein Behavioral Nudges for Goals-Based Financial Planning You Can't Fix What You Can't Measure, Aron Szapiro on The Long View podcast I Don't Think the System Needs Nudges. I Think the System Needs Dynamite, William Bernstein on The Long View podcast Man Bites Dog! Congress Is Writing Retirement Legislation! Retiree Survey: Nearly All Say They Are Happy Though Many Are Financially Insecure Estimating the True Cost of Retirement Exploring the Retirement Consumption Puzzle 75 Must-Know Statistics About Long-Term Care: 2018 Edition The 4% Rule Is Not Safe in a Low-Yield World Simple Formulas to Implement Complex Withdrawal Strategies Reducing Retirement Risk With a Rising Equity Glide-Path Revisiting the Optimal Distribution Glide Path Annuitized Income and Optimal Asset Allocation Should Annuities Be Purchased From Tax-Sheltered Assets? The Home as a Risky Asset Careful With That Company Stock About the Podcast: The Long View is a podcast from Morningstar. Each week, hosts Christine Benz and Jeff Ptak conduct an in-depth discussion with a thought leader from the world of investing or personal finance. The podcast is produced by George Castady and Scott Halver. About the Hosts: Christine Benz and Jeff Ptak have been analysts and commentators on investments and the investment industry for many years. Christine is Morningstar's director of personal finance and senior columnist for Morningstar.com. Jeff is head of global manager research for Morningstar Research Services, overseeing Morningstar's team of 120 manager research analysts in the U.S. and overseas. To Share Feedback or a Guest Idea: Write us at TheLongView@morningstar.com (Disclaimer: This recording is for informational purposes only and should not be considered investment advice. Opinions expressed are as of the date of recording. Such opinions are subject to change. The views and opinions of guests on this program are not necessarily those of Morningstar, Inc. and its affiliates. Morningstar and its affiliates are not affiliated with this guest or his or her business affiliates unless otherwise stated. Morningstar does not guarantee the accuracy, or the completeness of the data presented herein. Jeff Ptak is an employee of Morningstar Research Services LLC. Morningstar Research Services is a subsidiary of Morningstar, Inc. and is registered with and governed by the U.S. Securities and Exchange Commission. Morningstar Research Services shall not be responsible for any trading decisions, damages or other losses resulting from or related to the information, data analysis or opinions or their use. Past performance is not a guarantee of future results. All investments are subject to investment risk, including possible loss of principal. Individuals should seriously consider if an investment is suitable for them by referencing their own financial position, investment objectives and risk profile before making any investment decisions.)