David Blanchett

PGIM

Head of Retirement Research

Two Gateway Center

Sixth Floor

Newark, NJ 07102

United States

http://www.davidmblanchett.com

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 1,732

SSRN RANKINGS

Top 1,732

in Total Papers Downloads

31,623

SSRN CITATIONS
Rank 22,988

SSRN RANKINGS

Top 22,988

in Total Papers Citations

25

CROSSREF CITATIONS

28

Scholarly Papers (31)

1.

The 4 Percent Rule is Not Safe in a Low-Yield World

Number of pages: 15 Posted: 16 Jan 2013 Last Revised: 17 Jan 2013
Michael S. Finke, Wade D. Pfau and David Blanchett
The American College, The American College for Financial Services and PGIM
Downloads 10,109 (1,020)
Citation 18

Abstract:

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retirement, systematic withdrawals, 4% rule, safe withdrawal rates

2.
Downloads 4,984 ( 3,407)
Citation 2

Asset Valuations and Safe Portfolio Withdrawal Rates

Number of pages: 17 Posted: 28 Jun 2013 Last Revised: 01 Jul 2013
David Blanchett, Michael S. Finke and Wade D. Pfau
PGIM, The American College and The American College for Financial Services
Downloads 4,945 (3,412)
Citation 3

Abstract:

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retirement, asset valuations, withdrawal rates, Monte Carlo

Asset Valuations and Safe Portfolio Withdrawal Rates

Retirement Management Journal, Vol. 4, No. 1, 2014
Number of pages: 16 Posted: 20 Jul 2023
David Blanchett, Michael S. Finke and Wade D. Pfau
PGIM, The American College and The American College for Financial Services
Downloads 39 (799,111)

Abstract:

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retirement, withdrawal strategy

3.

Optimal Portfolios for the Long Run

Number of pages: 26 Posted: 06 Sep 2013 Last Revised: 05 Feb 2014
David Blanchett, Michael S. Finke and Wade D. Pfau
PGIM, The American College and The American College for Financial Services
Downloads 4,350 (4,298)
Citation 4

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time diversification, portfolio choice, stock allocation

4.

Guaranteed Income: A License to Spend

Number of pages: 19 Posted: 13 Jul 2021
David Blanchett and Michael S. Finke
PGIM and The American College
Downloads 3,190 (7,201)

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Retirement income, annuities, Social Security, personal finance

5.

Annuitized Income and Optimal Asset Allocation

2018 Academic Research Colloquium for Financial Planning and Related Disciplines
Number of pages: 18 Posted: 23 Sep 2017
David Blanchett and Michael S. Finke
PGIM and The American College
Downloads 1,550 (22,416)
Citation 3

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6.

Required Retirement Savings Rates Today

Number of pages: 22 Posted: 18 Oct 2016
David Blanchett, Michael S. Finke and Wade D. Pfau
PGIM, The American College and The American College for Financial Services
Downloads 1,260 (30,398)

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Retirement Savings, Life Cycle Saving, Low Returns, Financial Planning, Household Finance

7.

An Overview of Retirement Income Strategies

Journal of Investment Consulting, Vol. 17, No. 1, p. 22-30, 2016
Number of pages: 11 Posted: 18 Oct 2016
Michael S. Finke and David Blanchett
The American College and PGIM
Downloads 751 (62,683)

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8.

Should Annuities be Purchased from Tax-Sheltered Assets?

Forthcoming in Journal of Financial Services Professionals
Number of pages: 22 Posted: 02 Aug 2019 Last Revised: 05 Aug 2019
David Blanchett and Michael S. Finke
PGIM and The American College
Downloads 555 (92,091)

Abstract:

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annuities, retirement, personal finance

9.

Delaying Social Security Retirement Benefits: The Bridge to Better Outcomes in Defined Contribution Plans?

Number of pages: 19 Posted: 11 Dec 2022 Last Revised: 29 Dec 2022
David Blanchett
PGIM
Downloads 543 (94,687)

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10.

The Impact of Employer Defaults and Match Rates on Retirement Saving

Number of pages: 20 Posted: 27 Dec 2021
David Blanchett, Michael S. Finke and Zhikun Liu
PGIM, The American College and Europacifica
Downloads 520 (99,841)
Citation 1

Abstract:

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Defaults, defined contribution, retirement, employer match

11.

How Competitive Are Income Annuity Providers Over Time?

Number of pages: 13 Posted: 20 Apr 2021 Last Revised: 24 Apr 2021
David Blanchett, Michael S. Finke and Branislav Nikolic
PGIM, The American College and York University - Department of Mathematics and Statistics
Downloads 482 (109,564)
Citation 1

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Retirement, Retirement Policy, Annuities, Insurance Companies

12.

Spending Elasticity and Optimal Portfolio Risk Levels

Number of pages: 21 Posted: 04 Aug 2022
David Blanchett and Jeremy Stempien
PGIM and PGIM
Downloads 380 (144,280)

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13.

Sequence Risk: Managing Retiree Exposure to Sequence Risk Through Probability of Failure Based Decision Rules

Number of pages: 36 Posted: 26 May 2011
Better Financial EducationAcademy of Financial Services, Central Michigan University - Department of Finance and Law and PGIM
Downloads 334 (166,255)
Citation 3

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Retirement Planning, Adjustable Withdrawal Rates, Sequence Risk, Probability of Failure

14.

Retirement Expectations vs. Reality: Factors that Impact Retirement Decisions

Number of pages: 27 Posted: 28 Jun 2023 Last Revised: 29 Aug 2023
Zhikun Liu, David Blanchett, Qi Sun and Naomi Fink
Europacifica, PGIM, Pacific Life Insurance Company and Europacifica Consulting
Downloads 323 (172,353)

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Retirement Financial Planning, 401(k) Investment, Financial Decision Making

15.

The Value of Delayed Social Security Claiming for Higher-Earning Women

Number of pages: 19 Posted: 24 May 2021
Sophia Duffy, Michael S. Finke and David Blanchett
The American College, The American College and PGIM
Downloads 312 (178,716)

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Social Security, retirement, personal finance

16.

An Age-Based, Three Dimensional, Universal Distribution Model Incorporating Sequence Risk

Number of pages: 25 Posted: 24 May 2011 Last Revised: 11 May 2016
Better Financial EducationAcademy of Financial Services, Central Michigan University - Department of Finance and Law and PGIM
Downloads 282 (198,667)
Citation 6

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Retirement Planning, Adjustable Withdrawal Rates, Sequence Risk, Probability of Failure, Expected Longevity

17.

The Effect of Advanced Age and Equity Values on Risk Preferences

Blanchett, D., Finke, M and Guillemette, M. (2018). The Effect of Advanced Age and Equity Values on Risk Preferences. Journal of Behavioral Finance, Forthcoming
Number of pages: 22 Posted: 02 May 2017 Last Revised: 26 Jan 2018
David Blanchett, Michael S. Finke and Michael Guillemette
PGIM, The American College and Texas Tech University - Department of Personal Financial Planning
Downloads 257 (218,071)
Citation 5

Abstract:

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risk preferences, risk aversion, stock prices, old age, financial planning

18.

The Benefit of Diversified Guaranteed Income for Retirees: Combining Immediate Fixed and Immediate Variable Annuities

Retirement Management Journal, Vol. 9, No. 1, pp. 23-36, 2020
Number of pages: 16 Posted: 20 Jan 2021
David Blanchett
PGIM
Downloads 242 (231,419)

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Immediate Fixed Annuities, Immediate Variable Annuities, Retirement Income, Stochastic Utility Model

19.

The Value of Professional Financial Advice on Investor Behavior During the COVID-19 Pandemic

Number of pages: 16 Posted: 07 Dec 2022 Last Revised: 23 Aug 2023
Michael S. Finke, David Blanchett and Zhikun Liu
The American College, PGIM and Europacifica
Downloads 213 (261,313)

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Investment Behavior, Retirement, financial advice, defined contribution, COVID-19, defaults

20.

Who Exhibits Time Varying Risk Aversion?

Number of pages: 46 Posted: 27 Apr 2016 Last Revised: 29 Apr 2016
David Blanchett, Michael S. Finke and Michael Guillemette
PGIM, The American College and Texas Tech University - Department of Personal Financial Planning
Downloads 209 (265,932)
Citation 1

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Risk Aversion, Time Varying Risk Aversion, Advanced Age, Account Balance, Income, Morningstar

21.

Transition to Old Age (Superannuation) in a 3-D, Age Based, Dynamic, Serially Connected and Annually Recalculated Retirement Distribution Model

Number of pages: 35 Posted: 02 May 2012 Last Revised: 01 Jun 2012
Better Financial EducationAcademy of Financial Services, Central Michigan University - Department of Finance and Law and PGIM
Downloads 181 (302,748)
Citation 1

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Retirement Planning, Adjustable Withdrawal Rates, Sequence Risk, Probability of Failure, Expected Longevity, Elderly, Mortality, Age Distribution, Cohorts, Superannuation

22.

Fixed Rate Annuities: Are High Returns An Anomaly?

Journal of Investment Consulting, Vol. 22, No. 1, pp. 63-69, 2023
Number of pages: 9 Posted: 19 Dec 2023
David Blanchett and Michael S. Finke
PGIM and The American College
Downloads 147 (361,351)

Abstract:

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Annuities, Insurance Companies, Investments

23.

Does Advisor Channel Influence Passive Fund Choice?

Number of pages: 19 Posted: 01 Apr 2022
Michael S. Finke, Aron Szapiro and David Blanchett
The American College, Morningstar Investment Management LLC/Morningstar, Inc and PGIM
Downloads 116 (433,625)

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Investment advisors, brokers, mutual funds, active management, fiduciary

Portfolio Delegation and 401(k) Plan Participant Responses to COVID-19

Number of pages: 37 Posted: 15 Jun 2020
David Blanchett, Michael S. Finke and Jonathan Reuter
PGIM, The American College and Boston College - Department of Finance
Downloads 75 (583,634)
Citation 1

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401(k), target date fund, delegation, robo-advice, COVID-19

Portfolio Delegation and 401(K) Plan Participant Responses to Covid-19

NBER Working Paper No. w27438
Number of pages: 38 Posted: 29 Jun 2020 Last Revised: 22 Jun 2023
David Blanchett, Michael S. Finke and Jonathan Reuter
PGIM, The American College and Boston College - Department of Finance
Downloads 35 (830,917)
Citation 1

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25.

Biased Advice? The Relationship Between Financial Professionals' Compensation and Social Security Retirement Benefit Claiming Decisions

Retirement Management Journal, Vol. 12, No. 1, pp. 54-64, 2023
Number of pages: 13 Posted: 07 Mar 2024
David Blanchett and Jason J. Fichtner
PGIM and Bipartisan Policy Center
Downloads 61 (653,004)

Abstract:

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Social Security claiming, advisor compensation, advisor fees

26.

The Race/Ethnicity Gap in Retirement Plan Participation: More than Just Demographics

Number of pages: 11 Posted: 12 Apr 2024
David Blanchett
PGIM
Downloads 51 (704,634)

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27.

Using Confidence and Risk Tolerance to Build Financial Wellness

Number of pages: 26 Posted: 20 Dec 2023
David Blanchett, Sonya Lutter and Sandra J. Huston
PGIM, Texas Tech University - Department of Personal Financial Planning and Texas Tech University
Downloads 47 (723,620)

Abstract:

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risk tolerance, well-being, financial behavior, psychology of financial planning

28.

What Helped DC Participants Stay the Course in 2020?

Retirement Management Journal, Vol. 11, No. 1, 2022, pp. 23-32
Number of pages: 12 Posted: 23 Jan 2023
David Blanchett
PGIM
Downloads 40 (771,431)

Abstract:

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defined contribution plans, retirement, guaranteed income

29.

The Future of Retirement in the U.S.

Retirement Management Journal, Vol. 5, No. 2, 2015
Number of pages: 4 Posted: 20 Jul 2023
David Blanchett
PGIM
Downloads 24 (902,044)

Abstract:

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retirement

30.

ESG Fund Allocations Among New, Do-it-Yourself Defined Contribution Plan Participants

The Journal of Retirement, Summer 2023, 11 (1) 56-73 DOI: 10.3905/jor.2023.1.137
Posted: 21 Jul 2022
David Blanchett and Zhikun Liu
PGIM and Europacifica

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ESG; defined contribution; 401(k) plans

31.

Do Defaults Limit Consumer Response to Rainy-Day Funds? Evidence from 401(k) Participants During the COVID-19 Pandemic

The Journal of Retirement, Fall 2022, 10 (2) 8-19 DOI: 10.3905/jor.2022.1.123
Posted: 18 Nov 2020 Last Revised: 11 Apr 2024
David Blanchett, Michael S. Finke and Zhikun Liu
PGIM, The American College and Europacifica

Abstract:

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Retirement, defined contribution, defaults