499: Retirement Income Strategies to Quell Inflation Fears and Spend Comfortably with David Blanchett

Today, I'm thrilled to welcome David Blanchett back to the podcast. David is the Managing Director and Head of Retirement Research at PGIM DC Solutions and one of the most respected voices in retirement income planning today. You've likely come across his work in Morningstar, Kiplinger, and our Weekend Reading series—and for good reason. His research has earned accolades from nearly every major financial planning organization.

In our conversation, we picked up where we left off back in Episode 55 with David's groundbreaking research on retirement spending patterns and adapting it to today's environment of elevated interest rates and persistent inflation. From challenging the idea of a "retirement crisis" that is making headlines everywhere to rethinking the 4% retirement income rule, David helps us distill the data and build income strategies grounded in behavioral and financial realities.

In our conversation, we discuss the value and confidence that guaranteed lifetime income annuities provide retirees and how inflation concerns are impacting spending patterns. If you're planning your retirement or considering an adjustment to your current plan, this episode is packed with insights to help you spend your hard-earned dollars with confidence and design a secure and fulfilling retirement.

In this podcast interview, you’ll learn:

• Why “retirement crisis” is an overused headline—and why “challenge” is the better word.
• What David’s research reveals about how real retirees spend—and why most don’t adjust spending for inflation as expected.
• Why a 5% withdrawal rate may be more appropriate than 4% in today’s interest rate environment.
• The behavioral power of guaranteed income—and how it gives retirees the freedom to actually enjoy their savings.
• How to build inflation hedges into your portfolio using tools like TIPS, annuities, and real assets.

Show Notes: Howardbailey.com/499

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