The Tao of Chao Podcast
The Tao of Chao Podcast
Solving the Retirement Income Puzzle: T. Rowe Price's 5-Dimensional Approach w/ Jessica Sclafani | Tao of Chao 28
Retirement income planning requires balancing competing priorities and understanding crucial trade-offs. In this episode, Jessica Sclafani, Global Retirement Strategist at T. Rowe Price, introduces their innovative five-dimensional framework for evaluating retirement income solutions.
Traditional retirement planning often focuses solely on accumulation, but converting savings into sustainable income presents unique challenges. Jessica explains how plan sponsors and financial advisors can use this holistic framework to evaluate retirement income options based on five critical dimensions: longevity risk hedge, level of payments, volatility of payments, unexpected balance depletion, and liquidity of balance.
Key Topics:
- How to balance guaranteed income with flexibility needs
- Why one-size-fits-all retirement solutions rarely work
- Using visualization tools to understand product trade-offs
- Considerations for fiduciaries when selecting retirement solutions
- Strategies for participants with existing defined benefit plans
This conversation provides plan fiduciaries, advisors, and individual investors with a powerful framework to make more informed retirement income decisions.
👓 Learn more about our GUEST
Jessica Sclafani, CAIA
Global Retirement Strategist
T. Rowe Price
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👓 Learn more about our HOST
Philip Chao
Website: https://philipchao.us
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DISCLOSURE: Views expressed in the Tao of Chao podcasts are individual opinions and they do not represent the employers of each guest or the firm with which each guest is associated. Our podcasts are for educational and informational purposes only and should not be deemed or viewed as investment advice or recommendations. Please consult your personal financial advisor, investment expert, or investment fiduciary before taking any actions about your plan and investments.
