We are extremely excited to announce that Dr. Wade Pfau CFA, RICP® has joined Wealth Building Cornerstones™ as our Chief Research Fellow.
Dr. Pfau is a Professor of Retirement Income and the Program Director for the RICP® designation at The American College®.
Dr. Pfau has his BA and BS from the University of Iowa, MA and PhD from Princeton University.
Dr. Pfau has written two white papers on WBC and the strategies within. He has also recently released his book, “Safety-First Retirement Planning”, that references WBC. No other system has this level of academic backing and support.
2018 - Building Integrated Retirement Income Strategies: With Traditional Investments, Guaranteed Income Annuities, and Whole Life Insurance, by Wade Pfau - 11p
New York Life Insurance Company funded this white paper
This material is intended for use by Registered Representatives with their clients and prospects.
2011 - Safe Savings Rates: A New Approach to Retirement Planning over the Lifecycle, by Wade Pfau - 9p
2014- The Yin and Yang of retirement income philosophies, Sponsed by Challenger Unlimited, by Wade Pfau and Jeremy Cooper - [32p-download link]
2015 05 - Optimizing Retirement Income by Combining Actuarial Science and Investments, Commissioned by OneAmerica, by Wade Pfau - 27p
2015 07 - The Yin and Yang of retirement income philosophies: an abridged version, Challenger Unlimited, by Wade Pfau and Jeremy Cooper - 4p
2015 0513 - Forbes - Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities, by Wade Pfau - [link]
[Bonk: Paper-?]
2015 0515 - Letter - Wade Pfau to Whom it May Concern re: Wealth Building CornerstoneTM System - 37p
I have reviewed the Covered Assets strategy of the Wealth Building Cornerstones TM system and conclude that it is consistent with the strategy named "Scenario 3: Investments+ Single-Life SPIA + Whole Life" in the paper I wrote titled "Optimizing Retirement Income by Combining Actuarial Science and Investments" in May 2015.
2015 0630 - Evaluating Investments versus Insurance in Retirement, by Wade Pfau - 6p
2016 - SOA - Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans A Framework for Building Retirement Income Portfolios, Copyright Leland Stanford Junior University, by Wade Pfau - 59p
2017 - AP - Life Insurance as a Retirement Income Tool, Financial Services Review, by Russell DeLibero and Wade D. Pfau - 20p
2017 - Optimizing Retirement Income by Combining Actuarial Science and Investments, by Wade D. Pfau - Commissioned by OneAmerica - 28p
2019 - Letter - Wade Pfau to Whom it May Concern at The American College - re: Wealth Building CornerstoneTM System - 28p
2019 - Wealth Building Cornerstones - Integrating Whole Life Insurance into a Retirement Income Plan Emphasis on Cash Value as a Volatility Buffer Asset, by Wade D. Pfau and Michael Finke - 28p
2020 - AP - Integrating Whole Life Insurance into a Retirement Income Plan Emphasis on Cash Value as a Volatility Buffer Asset, by Wade D. Pfau and Michael Finke - 20p
2020 0715 - The Money Advantage - Dr. Wade Pfau: Maximize Retirement Income with Whole Life Insurance & Annuities - [VIDEO-YouTube-59:26]
9 - Pfau - Annuity vs Life Insurance - Covered Asset Strategy
17 - Bonds / Whole Life - Tax-Advantaged Account vs Taxable Accounts
Whole Life - Properly Structured - Primarily a Bond Portfolio - Insurance Company vs Personal Portfolio
Cash Value - Bonds - No Interest Rate Risk
21 - Sequence of Return Risk - Longevity Risk - Volatility Buffer - Cash Value can't have losses
38 - Whole Life vs Universal Life -
Pfau - Comes from Investment Area, learning about Life Insurance.
Underfunding policies
40 - 4 L's of Retirement
2021 0323 - Forbes - Treating Cash Value As A Fixed-Income Investment Choice, by Wade Pfau, The American College; Principal @McLean Asset Management - [link]
2021 0402 - Forbes - Why You Should Consider Cash Value As A Fixed-Income Investment, by Wade Pfau, The American College; Principal @McLean Asset Management - [link]
2021 0323 - Forbes - Treating Cash Value As A Fixed-Income Investment Choice, by Wade Pfau, The American College; Principal @McLean Asset Management - [link]