We are thrilled to announce that Michael Kitces, MSFS®, MTAX, CFP®, CLU, ChFC®, RHU®, REBC®, CASL®, a renowned expert in financial planning and investment strategies, will be presenting two keynote sessions at the upcoming 2025 symposium. Known for his insightful perspectives and innovative ideas, Michael's participation promises to elevate the event and provide attendees with valuable knowledge and inspiration. His sessions will cover critical topics that are shaping the future of the financial industry, making this a must-attend event for professionals looking to stay ahead in their field. Join us for this exciting opportunity to learn from one of the leading voices in the industry and engage with fellow attendees who are equally passionate about advancing their expertise. Don't miss out on what is sure to be an unforgettable experience at the 2025 symposium.
About Michael Kitces
Session I: An In-Depth Look at Optimal Rebalancing Strategies (Updated for the new tax law!)
The conventional view of rebalancing is that it’s a way to enhance long-term returns for investors while keeping their portfolio on target to achieve long-term goals. The reality, though, is that when rebalancing across different asset classes like stocks and bonds, systematic rebalancing is more likely to reduce returns, albeit with the benefit of also reducing risk. And for those who wish to engage in the strategy, it’s still necessary to consider the optimal frequency for rebalancing – which, as it turns out, is not based on a fixed time horizon like monthly, quarterly, or annual rebalancing, but instead is best done by targeting asset allocation thresholds at which a rebalancing trade will trigger (however long it takes to get there!).
Session II: Strategies for Managing Sequence of Return Risk in Retirement
For long-term investors, the reality is that even if markets are volatile for a period of time, as long as the portfolio stays invested, returns can average out in the long run. In the case of retirees, however, ongoing spending withdrawals introduce the possibility that if the portfolio experiences weak returns early on, it could be depleted entirely before the good returns finally show up. As a result, retirees must consider this “sequence of returns” risk when planning for retirement, and strategies to manage it, from reducing spending in the first place, to engaging in more dynamic asset allocation to reduce risk exposure, or dynamic spending strategies to adapt spending withdrawals to market changes along the way!