David Blanchett: If You're Retiring Now, You're in a Pretty Rough Spot

<p>Our guest this week is David Blanchett, head of retirement research for Morningstar Investment Management. In his role at Morningstar, Blanchett works to enhance the Investment Management group's consulting and investment services and conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement. He's also adjunct professor of wealth management at The American College of Financial Services.</p><p>Blanchett's research has been published in a variety of academic and industry journals, such as the <i>Financial Analysts Journal</i>, the <i>Journal of Financial Planning</i>, <i>The Journal of Portfolio Management</i>, <i>The Journal of Retirement</i>, and <i>The Journal of Wealth Management</i>. His research won the <i>Journal of Financial Planning</i>'s 2007 Financial Frontiers Award, the Retirement Income Industry Association's 2012 Thought Leadership Award, the <i>Journal of Financial Planning</i>'s 2014 and 2015 Montgomery-Warschauer Awards, and the <i>Financial Analysts Journal's</i> 2015 Graham & Dodd Scroll Award.</p><p><strong>Background</strong><br /><a href="http://www.davidmblanchett.com/professional">David Blanchett's bio</a></p><p><a href="http://www.davidmblanchett.com/research">David Blanchett's research archive</a></p><p><strong>Quantifying the Value of Advice</strong><br /><a href="https://jor.pm-research.com/content/1/2/29.abstract">Alpha, Beta, and Now ... Gamma</a></p><p><a href="https://www.morningstar.com/content/dam/marketing/shared/research/foundational/831611-GammaEfficientPortfolio.pdf">The Value of a Gamma-Efficient Portfolio</a></p><p><a href="https://personal.vanguard.com/pdf/ISGAA.pdf">Vanguard Advisor's Alpha</a></p><p><a href="https://www.investpmc.com/insights/white-papers/capital-sigma-advisor-advantage">Capital Sigma: The Advisor Advantage</a></p><p><a href="https://www.onefpa.org/journal/Pages/AUG14-Reducing-Wealth-Volatility-The-Value-of-Financial-Advice-as-Measured-by-Zeta.aspx">Reducing Wealth Volatility: The Value of Financial Advice