In the News

Michael Finke on the Truth about Retirement Spending, the Annuity Puzzle, and Changing the Paradigm

Carly Schulaka, Journal of Financial Planning


AFTER A DECADE spent building the Ph.D. program in the Department of Personal Financial Planning at Texas Tech University into one of the most well-known programs in the country, Michael Finke moved to The American College this summer with a similar goal in mind—making sure more students are trained in financial planning as professionals. As dean and chief academic offi cer for The American College, Finke will continue his research pursuits, particularly in the area of how fi nancial advice needs to change in a low-rate environment (Journal readers may recall Finke’s most recent Montgomery- Warschauer award-winning paper, co-authored with Wade Pfau and David Blanchett, “The 4 Percent Rule Is Not Safe in a Low-Yield World” published in the June 2013 issue). The Journal recently talked