It's that time of the year again. Yes, it's the holidays, but more importantly, it's time for people to guess what's going to happen in the new year other than failed resolutions. I've decided to join in on the fun and take a stab at six predictions for 2021. To be fair, many of these "predictions" are already trends that were emerging in the latter parts of 2020, but with everything going on some of these could be part of a "new normal" that persists beyond 2021. The year 2020 has been a bit of a doozy. I hope things get back to some resemblance or normalcy in 2021. But whatever that new normal is, I think it's going to look at least a little different than how things were pre-COVID. We'll see 2021 goes, though, and I'll check back this time next year to grade my forecasts! David Blanchett is head of retirement research for Morningstar Investment Management LLC. Views expressed are his own and do not necessary reflect the views of Morningstar Investment Management LLC. This blog is provided for informational purposes only and should not be construed by any person as a solicitation to effect, or attempt to effect transactions in securities or the rendering of investment advice.
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David Blanchett
David Blanchett, Ph.D., CFA, CFP, is managing director and head of retirement research for PGIM DC Solutions, the global investment management business of Prudential Financial Inc. Previously, he worked at Morningstar Investment Management LLC and Unified Trust Co.
David has published over 100 papers in academic and industry journals. His research has received awards from the Academy of Financial Services (2017), the CFP Board (2017), the Financial Analysts Journal (2015), the Financial Planning Association (2020), the International Centre for Pension Management (2020), the Journal of Financial Planning (2007, 2014, 2015, 2019), the Journal of Financial Services Professionals (2022), and the Retirement Management Journal (2012). He is a regular contributor to Advisor Perspectives, ThinkAdvisor and The Wall Street Journal.
David is an adjunct professor of wealth management at The American College of Financial Services and a research fellow for the Alliance for Lifetime Income.
