WEBINAR: Understanding Client Experiences with Spending Adjustments in Retirement

July 26, 2023

The July webinar explored the need to adjust spending through retirement to accommodate changing circumstances.

Advisors and researchers have long commented on the need to adjust spending (up or down) through retirement to accommodate changing circumstances. In this webinar, Justin Fitzpatrick, PhD, CFA, CFP®, Co-founder and CIO of Income Lab discussed how adjustment-based retirement income planning differs from accumulation planning and examined how this shift affects investor psychology and client experience. Fitzpatrick shared evidence from historical stress tests that spending adjustments tend to be less extreme than researchers and advisors had previously feared.

Learning Objectives:

Understand the differences between planning in accumulation and in distribution.
Look at how risk-based guardrails can guide adjustment decisions.
See how historical stress tests illustrate retirement income adjustments and how they can be used to evaluate plans.

Don’t miss this opportunity to gain deep insight to inspire your retirement income planning approach.

About Justin Fitzpatrick

Justin Fitzpatrick is co-founder and chief innovation officer of Income Lab, the only firm that provides dynamic—not static—retirement income software. Before co-founding the firm, Justin worked for ten years in financial services, leading teams in advanced financial planning and portfolio strategy, managing the development of financial technology tools, and designing and executing strategies to enter new markets. Before that, he spent seven years in academia, teaching at the Massachusetts Institute of Technology (MIT); Harvard University; Queen Mary, University of London; and the University of California, Los Angeles. Justin is a Chartered Financial Analyst (CFA) Charter holder and a Certified Financial Planner (CFP) professional. He is an accomplished public speaker and published writer.

Watch this webinar on demand here.

Explore more
from Equita

The Power of the Right Community

Four Questions to Ask Before Selecting a TAMP

The Benefits of Independence as a Female Advisor

Investment advisory services offered through Equita Financial Network, Inc. an Investment Adviser with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Securities investing involves risks, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

ADV Part 3

Privacy Notice

We recognize the importance of protecting our clients’ privacy. We have policies to maintain the confidentiality and security of your nonpublic personal information. The following is designed to help you understand what information we collect from you and how we use that information to serve your account.

Categories of Information We May Collect

In the normal course of business, we may collect the following types of information:

Information you provide in the subscription documents and other forms (including name, address, social security number, date of birth, income and other financial-related information); and
Data about your transactions with us (such as the types of investments you have made and your account status).

How We Use Your Information That We Collect

Any and all nonpublic personal information that we receive with respect to our clients who are natural persons is not shared with nonaffiliated third parties which are not service providers to us without prior notice to, and consent of, such clients, unless otherwise required by law. In the normal course of business, we may disclose the kinds of nonpublic personal information listed above to nonaffiliated third-party service providers involved in servicing and administering products and services on our behalf. Our service providers include, but are not limited to, our administrator, our auditors and our legal advisor. Additionally, we may disclose such nonpublic personal information as required by law (such as to respond to a subpoena) or to satisfy a request from a regulator and/or to prevent fraud. Without limiting the foregoing, we may disclose nonpublic personal information about you to governmental entities and others in connection with meeting our obligations to prevent money laundering including, without limitation, the disclosure that may be required by the Uniting and Strengthening America Act by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001 and the regulations promulgated thereunder. In addition, if we choose to dispose of our clients’ nonpublic personal information that we are not legally bound to maintain, we will do so in a manner that reasonably protects such information from unauthorized access. The same privacy policy also applies to former clients who are natural persons.

Confidentiality and Security

We restrict access to nonpublic personal information about our clients to those employees and agents who need to know that information to provide products and services to our clients. We maintain physical, electronic and procedural safeguards to protect our clients’ nonpublic personal information. We respect and value that you have entrusted us with your private financial information, and we will work diligently to maintain that trust. We are committed to preserving that trust by respecting your privacy as provided herein.