Is Your Retirement Plan Flawed? With David Blanchett

Is your retirement plan deeply flawed? In this episode, Jeremy Keil speaks with David Blanchett, PhD, CFA, CFP®, Managing Director, Portfolio Manager, and Head of Retirement Research for PGIM DC Solutions, about the shortcomings of modern financial planning. They critique the application of modern portfolio theory and mean-variance optimization, emphasizing the gap between theory and practical outcomes in portfolio management. David advocates for a more personalized retirement planning approach, considering the unique needs of retirees. They discuss the misunderstood role of annuities, the limitations of current financial planning tools, and the necessity for dynamic adjustments based on market performance. They also cover the importance of evolving Monte Carlo models and the need for individualized longevity expectations in planning for retirement. Jeremy and David go over: → The limitations of modern portfolio theory and mean-variance optimization → When it’s appropriate to use annuities in retirement planning → David’s list of flaws in financial planning and how the process can be improved → What’s wrong with Monte Carlo planning → The need for a more nuanced approach to retirement planning → And more Discover how to turn your retirement savings into retirement income and avoid common pitfalls. Don't miss out on this valuable advice - subscribe now! === Maximize Your Retirement Income! Lower Your Lifetime Tax Bill Avoid Mistake with Your Pension Get the Most out of Social Security If you’re trying to find the answers to these questions: How do I get the most money out of my Social Security & Pension? How do I lower my lifetime tax bill? How do I turn my $500k+ retirement savings into retirement income? Then schedule an intro call with my team at Keil Financial Partners: https://calendly.com/d/3wq-24m-d4p === Disclosures Videos published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These videos reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those videos were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies. All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest. This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy. The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results. Legal & Tax Disclosure Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations. Advisor Disclosures Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC. Additional information about Alongside, LLC - including its services, fees and any material conflicts of interest - can be found at https://adviserinfo.sec.gov/firm/summ... or by requesting Form ADV Part 2A. The content of this media should not be reproduced or redistributed without the firm's written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only. For important disclosures visit http://keilfp.com/disclosures ===