2 Schools of Thought on Retirement Income
Dueling paradigms and contrary views are a fact of life in the world of retirement income. Two opposing schools of thought coexist with regard to retirement, with advocates of each often talking past one another with opposite answers for basic and fundamental client questions. As theories about retirement income planning continue to develop, it is important that those working with clients have a basic understanding of both viewpoints, so they can speak on the same wavelength as their clients and prospective clients. This is true even if, after careful reflection, one builds their practice in terms of one school or the other.
Pfau, Wade D. PhD, "2 Schools of Thought on Retirement Income" (2014). Faculty Publications. 133.