Wade Pfau: Higher Bond Yields Are a Plus for Retirees

Our guest on the podcast today is retirement researcher Wade Pfau . Wade is the founder of Retirement Researcher , an educational resource on retirement planning for individuals and financial advisors. He’s co-founder of the Retirement Income Style Awareness Tool and a co-host of the Retire With Style podcast . He’s a professor of practice at the American College of Financial Services and a research fellow with the Limra Retirement Income Institute . And he’s also a principal and director of retirement research for McLean Asset Management . Wade has written several books, including his most recent, a third edition of his Retirement Planning Guidebook . He holds a doctorate in economics and a master’s degree from Princeton University and Bachelor of Arts and Bachelor of Science degrees from the University of Iowa. He’s also a chartered financial analyst. Episode Highlights 00:00:00 Updates to the Retirement Planning Guidebook 00:00:29 Do Retirees Today Have a Stronger Starting Spending Rate? 00:04:03 Asset Allocation, Annuities, and Target-Date Funds 00:08:11 Retirement Income Styles 00:15:07 Non-US Safe Withdrawal Rates and Flexible Spending Strategies 00:23:55 Probability of Success and Estimating Longevity 00:27:47 Underspending, Organic Income, and Mortgage Payoff 00:35:46 Exploring the Retirement Risk Zone 00:39:20 Equity Glide Paths, Sequence Risk, and Delaying Social Security 00:46:43 Annuities: Private Equity Concerns and Due Diligence More Retirement Research From Wade Pfau Exploring the Retirement Risk Zone Reducing Retirement Risk with a Rising Equity Glide Path More From Morningstar What’s Your Retirement Income Style? 8 Reasons You Might Need to Tweak Your Portfolio Wade Pfau: The Risks of Retirement Today If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com . Follow Christine Benz ( @christine_benz ) and Ben Johnson ( @MstarBenJohnson ) on X, and Christine Benz , Amy Arnott , and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine , Ben , and Amy.

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Wade Pfau: Higher Bond Yields Are a Plus for Retirees is an episode from The Long View by Morningstar.

This episode is 00:55:23 long.

This episode was published on Apr 7, 2026.

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