March FPASF Chapter Meeting

09:00 am - 03/10/2015

@ FPA of San Francisco

155 Sansome Street
San Francisco CA  94104



Tuesday, March 10, 2015
9:00 am - 2:00 pm

Topics:
Understanding Longevity Annuities and Their Potential
Role in Retirement Income
Impact of Valuation-Based Asset Allocation on Retirement Income
Future of Financial Planning in the Digital Age

Speaker(s):
Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL
Partner, Director of Research, Pinnacle Advisory Group

Session Descriptions:
Understanding Longevity Annuities and Their Potential Role in Retirement Income
A longevity annuity is similar in concept to an immediate annuity, but the lump sum payment is converted not to income for life beginning immediately, but instead with payments that may not begin until the distant future. Such a trade-off allows longevity annuities to provide “income that cannot be outlived” but at a fraction of the cost of a traditional annuity product. In this session, we look at how longevity annuities work, the ways they can fit into an overall retirement income strategy, how they compare to available investment alternatives, their caveats and concerns, and explore the potential role that they may play for retirement income in the future.

Impact Of Valuation-Based Asset Allocation On Retirement Income
Portfolio-based retirement income strategies must contend with the challenge of maintaining a (relatively) stable series of retirement cash flows from a volatile asset base. Recent research has suggested that retirees can help manage this risk by reducing their equity exposure early in retirement, and then gliding back to their original asset allocation over time. In this presentation, we examine how the effectiveness of such “rising equity glidepaths” can be predicted by market valuation, and explore whether valuation itself can be a more effective means to manage asset allocation in retirement.

The Future of Financial Planning in the Digital Age
As financial planning shifts from the founding generation of planners (and their clients) to the next, so too does the world around us, as we enter the digital age. Thus far, however, financial planning has been slow to effectively adopt the emerging digital age technologies, from cloud computing to video "phone" calls to internet-driven workflows. In this session, we will explore how financial planning will undergo radical change in the coming decades as we truly enter the digital age, from financial planning "apps" for various devices, to what technology will - and won't - replace in the financial planning relationship, to how financial planning practices must market and communicate to survive and thrive.


Speaker Bio:
Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL
Partner, Director of Research, Pinnacle Advisory Group

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, is a partner and the Director of Research for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland that oversees approximately $1.4 billion of client assets. In addition, he is a co-founder of the XY Planning Network, the practitioner editor of the Journal of Financial Planning, and the publisher of the e-newsletter The Kitces Report and the popular financial planning industry blog Nerd’s Eye View through his website www.Kitces.com, dedicated to advancing knowledge in financial planning.

Beyond his website, Michael is an active writer and editor across the industry and has been featured in publications including Financial Planning, the Journal of Financial Planning, Journal of Retirement Planning, Practical Tax Strategies, and Leimberg Information Services, as well as The Wall Street Journal, BusinessWeek, CNBC PowerLunch, NBC Nightly News, and more. In addition, Michael has co-authored numerous books, including “The Annuity Advisor” with John Olsen (now in 3rd edition), the first balanced and objective book on annuities written for attorneys, accountants, and financial planners, and “Tools & Techniques of Retirement Income Planning” with Steve Leimberg and others.

Michael is one of the 2010 recipients of the Financial Planning Association’s “Heart of Financial Planning” awards for his dedication to advancing the financial planning profession. In addition, he has variously been recognized as financial planning's "Deep Thinker," a "Legacy Builder," an "Influencer," a "Mover & Shaker," part of the “Power 20,” and a "Rising Star in Wealth Management" by industry publications. These awards were presented to honor Michael’s active work in the financial planning community, which currently includes serving as a member of the Editorial Review Board for the Journal of Financial Planning, national chair of the Financial Planning Section for the Society of Financial Services Professionals, and numerous other boards and committees for the Financial Planning Association and the Society of Financial Services Professionals at the local and National levels. Michael is also a co-founder of NexGen, a community of the next generation of financial planners that aims to ensure the transference of wisdom, tradition, and integrity, from the pioneers of financial planning to the next generation of the profession.

Meeting Agenda
8:30 am - Registration
9:00 am - Announcements & Sponsors
9:30 am - Longevity Annuities
11:00 am - Networking Break
11:30 am - Valuation-Based Asset Allocation
12:35 pm - Break
12:45 pm - Financial Planning in the Digital Age
2:00 pm - Closing Remarks

Show Map Tickets

Host: FPA of San Francisco

Categories: Financial Planning

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