Talk:Retirement income strategies and styles

This is a very long article. Each of the 4 styles could potentially be it's own page (with a Navbox?), although some styles (total return and income protection/safety-first) already have a page, sort of. --Quebec 23:31, 4 February 2024 (UTC)

I have created a draft stand-alone article for Income bucketing. This allows a length reduction in the "Retirement income strategies and styles" article. Continuing such efforts might bring the article to a more acceptable word count. --Quebec 14:54, 6 February 2024 (UTC)

And also a draft page on "Total return decumulation". --Quebec 23:23, 6 February 2024 (UTC)

The "Income protection" section is now much shorter, since material has been moved to existing articles, i.e. Safety-first retirement planning and the majorly reorganized Liability matching. I'm not sure that risk-wrap deserves a stand-alone article at this stage, given its limited availability in Canada.--Quebec 16:02, 7 February 2024 (UTC)

For completeness, Risk-wrap was mostly moved to stand-alone main article too: this balances the space devoted to each style in the present overview article. The total length is now much more reasonable. Ready for review, please! --Quebec 14:23, 8 February 2024 (UTC)

┌────────────────────────────────────────────────────────────────────────────────────────────────────┘Wade Pfau was a presenter at the 2023 Bogleheads Conference. Risk-wrap was discussed in the panel discussion "Wade Pfau Discusses Retirement Income Planning with Jim Dahle". See: 2023 Conference - The John C. Bogle Center for Financial Literacy Watch the video and download the slides, which includes the style chart shown in the wiki page.

I saw this presentation in-person. It was presented in a manner that could be understood by new investors, i.e. those without a detailed financial background. Please note the approach taken and consider if the wiki article should be modified to align with this presentation. --LadyGeek 14:33, 9 February 2024 (UTC)

I don't think risk-wrap should be moved to a stand-alone page. Consider reducing the content and reevaluate after watching the approach taken in the Bogleheads conference video. Additionally, the page is not ready to be moved "live" until the remaining "MAIN: INCOME BUCKETING" and "MAIN: RISK WARP DECUMULATION" links have been resolved.--LadyGeek 14:40, 9 February 2024 (UTC)

Good morning LadyGeek, I just listened the first half of the Bogleheads Conference video liked above (I will finish it later). It is indeed good, but I don't see it as much more accessible to beginners than the current wiki article, or the Murguia and Pfau references that it summarizes. For instance, in the video I think I heard something like "stock market put option" used (without a definition) to explain the risk wrap quadrant: this is an expert-level Moshe Milevsky-type description, not the intermediate level Wade Pfau-type presentation that I've been aiming for (Pfau is sometimes presented as a more readable Milevsky). Decumulation is not a simple topic; I don't know if aiming for beginner level is completely realistic. We can try. --Quebec 13:41, 11 February 2024 (UTC)

Good morning, Quebec. Thinking about the presentation again, I would agree with you. It is understandable for someone comfortable working with investments, but it is not at a beginner level. Yes, please try. I recognize the difficulty. Here is a relevant quote from the US scientist Albert Einstein "Everything should be made as simple as possible, but not simpler." --LadyGeek 13:56, 11 February 2024 (UTC)

I've added a bit of hand-holding in the text, deleted a few superfluous bits, and added some images, to make the article easier to digest. Still, we have to assume that the reader knows something about stocks and bonds, etc. (i.e. has accumulated assets in preparation for retirement and has learned something along the way) and is now ready to consider the decumulation phase. --Quebec 16:21, 11 February 2024 (UTC)