Decumulation is key, says professor
The financial planning world has been focusing too heavily on the act of accumulating assets, according to an academic speaking at the InvestmentNews Retirement Summit in New York this afternoon.
“The problem is that all of the research is focusing on the accumulation phase and not enough research is done on the decumulation phase,” said Shlomo Benartzi, associate professor and co-chair of the Behavioral Decision-Making Group at the Anderson School of Management at the University of Cali
Learn more about reprints and licensing for this article.