a longevity project virtual panel discussion
November 17, 2020
THE SPEND-DOWN CHALLENGE: THE NEXT GREAT FRONTIER IN
RETIREMENT PLANNING
With people living longer and spending more years in retirement, there’s an increased likelihood that they’ll encounter market disruptions, just like those preparing now to retire during a pandemic. On November 17th, the Longevity Project, in collaboration with Principal Financial Group®, brought together a panel of experts to discuss options and considerations for employers, financial services providers, and policymakers.
Guests included:
David Blanchett, Ph.D., CFA, CFP, head of retirement research for Morningstar’s Investment Management group. At Morningstar, David helps develop and maintain methodologies relating to wealth forecasting, general financial planning and portfolio assignment.
Lori Lucas, President & CEO of the Employee Benefit Research Institute (EBRI). She is the immediate past Chair of the Defined Contribution Institutional Investment Association and a widely cited expert on workplace management issues.
Sri Reddy, Senior Vice President, Retirement and Income Solutions at Principal®. He is a frequent contributor to national and an expert on a range of retirement and financial security topics.
Joni Tibbetts, Vice President, Product Management Retirement & Income Solutions Principal®. She leads product and investment innovation for Retirement and Income Solutions.
The panelists, along with the moderator, Ken Stern, chair of the Longevity Project, discussed the “spend-down challenge” and how retirees should approach the challenge of sensibly spending retirement savings in an era of increased uncertainty and longer life spans. Among the topics discussed was the appeal of guaranteed lifetime income solutions, what plan providers and financial services companies can do to provide greater income certainty to retirees, the impact of the SECURE Act and the policy environment for the Administration and Congress.
