At Jackson, we've created a digital retirement planning experience with you and mine.

Visit jackson.com to explore our easy-to-understand resources and user-friendly tools

that are designed to enable financial professionals and clients to plan a path to financial freedom.

Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,

and Jackson National Life Insurance Company of New York, purchase New York.

Please stay tuned for important disclosure information at the conclusion of this episode.

Hi, and welcome to the Longview. I'm Jeff Patak, Chief Ratings Officer for Morningstar Research Services.

On this week's special episode, we'll be chatting about a recent study on retirement withdrawal rates

that Christine and I authored with our colleague John Reckenthaler, who joins us for this conversation.

As listeners probably know, this is an especially challenging time for retirees trying to figure out

how much they

can safely withdraw in retirement given lofty stock valuations, paltry bond yields, and uncertain inflation.

With that in mind, the study assessed potential retirement withdrawal rates projecting what

spending rate would be successful over an assumed 30-year retirement horizon after taking

the market outlook into consideration. In this episode, I'll be asking Christine and John about the

study and key takeaways, including the finding that withdrawal rates will likely have to be

lower going forward than they've been in the past. For reference, you can find a link to the study

in the show notes to this episode.

Please also note that John is an employee of Morning Star Research Services LLC.

John, welcome back to the Longview, and Christine, thanks for letting me turn the tables and pose

questions to you and John. Glad to be here, and today is indeed a long view.

Thanks, Jeff. So why don't we start out big picture

...