David Lau, the Founder and CEO of DPL Financial Partners, and Wade Pfau, a retirement income professor at the American College of Financial Services, dive into the challenges of retirement spending. They dissect the 4% rule and its modern limitations, advocating for a more adaptable financial strategy. The discussion highlights the emotional hurdles retirees face, the importance of long-term care planning, and the potential of home equity as a proactive financial tool. They emphasize the need for tailored advice in an evolving economic landscape.
