There really are best practices for retirement strategies. Many people think emotion should drive decisions. Many commercials imply that a specific firm can do the best work, and that their advisors are better. What is the best investment strategy for retirement? In reality, the best outcomes are determined by following the best practices. The best retirement strategies are more about math and science than hopes and dreams.
The academic article here, “Choosing a Retirement Income Strategy Outcome Measures and Best Practices” is one we’ve studied and rely on to assure we use best practices established by research when advising our clients.
