RIIA’s Essential Readings list provides both summary and detailed sources to help you build your retirement management and retirement income reference library.
Starting with the first type of sources, see below two one-pagers that summarize the current state of knowledge and practice including:
- The Retirement Management Professional Job Description: This one-pager summarizes the professional tasks and qualifications of the retirement focused advisors. This is the list of competencies that provides the fundamental structure of RIIA’s Body of Knowledge and the RMA Curriculum.
- The Retirement Policy Statement: This one-pager summarizes the professional competencies that are taught in the RMA curriculum. It can be used as a table of content in the development of a client’s retirement policy statement. It also provides a knowledge check-list that RMA Certificate Holders can use to direct their continuing education requirements.
The body of knowledge evolves and these documents will continue to reflect this evolution.
Key aspects of the following books are summarized in the RMA Curriculum Book (see bottom of page) which is on the essential reading list for all approved education programs.
|Retirement Portfolios: Theory, Construction, and Management by Michael Zwecher, published
by Wiley Press.
|Retirement Portfolios Workbook: Theory, Construction, and Management (Wiley Finance) by Michael J. Zwecher|
|Retirement Income Redesigned: Master Plans for Distribution - An Adviser’s Guide for Funding Boomers’ Best Years, edited by Harold Evensky and Deena B. Katz|
|Risk Less and Prosper: Your Guide to Safer Investing, by Dr. Zvi Bodie and Rachelle Taqqu|
|Control Your Retirement Destiny: Achieving Financial Security Before the Big Transition, by Dana
|Antifragile: Things That Gain from Disorder, by Nassim Nicholas Taleb|
|5th Edition of the RMA Curriculum Book $150
New with the 5th Edition are online appendices.
Essential Papers: Winning Papers of the RMJ Thought Leadership Awards
The Thought Leadership Awards program recognizes authors of papers who demonstrate excellence in original thinking and industry leadership. It consists of two categories:
Practitioner Thought Leadership Award (Spring issues): Practitioner authors may range from financial advisors to product development managers to marketing communications experts.
Academic Thought Leadership Award (Fall issues): Scholars may include academics from across the realm of educational institutions.
Anna M. Rappaport, FSA, MAAA, Chair of the Society of Actuaries (SOA) Committee on Post Retirement Needs and internationally recognized expert on retirement systems and workforce issues, was chosen for her paper: ”Insights to Support Better Retirement Planning: Implications of and Key Findings from Recent Society of Actuaries Research.”
The winning paper includes the findings of two new SOA co-sponsored studies, ”Running Out of Money” and “The New American Family”. It offers insights for financial advisors who want to better serve the post-retirement needs of the middle income market.
The 2012 Academic Thought Leadership Award was shared by Wade Pfau, Ph.D., an Associate Professor of Economics at the National Graduate Institute for Policy Studies in Tokyo, Japan for his paper, ”Choosing a Retirement-Income Strategy: Outcome Measures and Best Practices,” and a team of authors comprising David Blanchett, CFA, Head of Retirement Research; Maciej Kowara, Ph.D., CFA; Senior Research Consultant; and Peng Chen, Ph.D.,CFA, President from Morningstar Investment Management for their paper ”Optimal Withdrawal Strategy for Retirement-Income Portfolios.”
Sherrie Grabot, CEO of GuidedChoice and Harry Markowitz, Ph. D., Chief Architect of Investment Solutions for GuidedChoice and professor of finance at the Rady School of Management at the University of California, San Diego, who is best known for his pioneering work in Modern Portfolio Theory, as well as Ming Wang, CIO, GuidedChoice Chief Architect of investment solutions for GuidedChoice and and Ganlin Xu, CTO, GuidedChoice, received the 2012 Practitioner Thought Leadership Award for their paper: ”Financial Guidance Theory, developed by Harry Markowitz, Ph.D.”.
Dylan Huang, Corporate Vice President, New York Life Insurance Company; Matthew Grove, Vice President, New York Life Insurance Company; and, Todd Taylor, Senior Actuarial Assistant, New York Life Insurance Company also received the 2013 Practitioner Thought Leadership Award for their paper: ”The Efficient Income Frontier: A Product Allocation Framework for Retirement.”
The winners of the 2011 Academic Thought Leadership Award were Duncan Williams, CFP, Doctoral Candidate and Graduate Instructor in the Personal Financial Planning Division of Texas Tech University, and his advisor, Michael S. Finke, PhD, Associate Professor and Coordinator of the Personal Financial Planning Division, for their paper ”Determining Optimal Withdrawal Rates: An Economic Approach.”
Zachary S. Parker, CFP, Director of Annuities and Insurance, and Paul R. Lofties, CFP, ChFC, Vice President of Wealth Management and Acquisitions for Securities America, received the 2011 Practitioner Thought Leadership Award for their paper ”Capturing the Income Distribution Opportunity: A Historical Analysis of
Distribution Philosophies and a Solution for Today.”