A Conversation with Ferri Investment Solutions CEO Rick Ferri

Let’s face it: Most late-career retirement savers have heard about the 4% safe withdrawal rule, but there are many other rules of thumb that also help to guide — and potentially mislead — retirement savers. These range from the “your-age-in-bonds” rule to the 10-times-your-salary savings goal.

Rick Ferri, the well-known author, chartered financial analyst, and CEO of Ferri Investment Solutions, knows about many of these rules of thumb, especially those that involve managing the retirement portfolio and structuring retirement income. He discusses these on the premier episode of the Retirement in Focus: How Advisors Can Get Clients podcast series, which is sponsored by Allianz Life Insurance Company of North America.

Speaking with ThinkAdvisor Senior Reporter John Manganro, Ferri discusses other pressing retirement topics including:

• Financial advisor compensation models and the opportunity to provide hourly advice for DIY investors.
• How some of the common rules of thumb like the 4% withdrawal rule or the “your-age-in-bonds” rule can be used (and abused) in practice.
• The latest research about retirement income planning, especially recent work about the flexible guardrails strategy.