The TIAA-CREF Institute, through the Financial Planning Association (FPA), presented a teleweb seminar that provided attendees the opportunity to expand their financial planning knowledge and earn continuing education credit.
The program, Making Retirement Income Last a Lifetime, was presented by John Ameriks, Ph.D., senior research fellow at the Institute, and addressed research he and two co-authors published in the December 2001 issue of The Journal of Financial Planning. The discussion focused on the need to maintain income in retirement while maximizing portfolio longevity and the implications for dealing with the tradeoffs faced by retirees needing income from their investment portfolios. Keith Davenport, CFP, associate director at the Institute, moderated the program.
The research study was designed to measure:
- the probability that particular portfolio allocations can provide long-term inflation-adjusted income in retirement, and
- whether annuitizing part of the portfolio affects that probability, and other features of the distribution of possible outcomes.
Participants dialed in and logged on to a simultaneous audio and web presentation. The session included an opportunity to present questions to the speaker and join in a community discussion afterwards to continue the dialogue of learning and knowledge. This session qualified for two hours of continuing education credit by the CFP Board of Standards.
