Raymond Schmierer, assistant director of education with the TIAA-CREF Institute, presented the findings and implications of the Institute research study, Making Retirement Income Last a Lifetime. This study, cited in numerous financial publications over the past several months, was designed to explain the nature of pay-out annuities and the potential role of annuitization in securing an individual’s financial future. In particular, the study addresses:
- The risk of individuals living beyond their life expectancy
- The probabilities of particular portfolio allocations providing long-term, inflation-adjusted income in retirement
- How annuitizing part of the portfolio affects those probabilities
This program, sponsored by the TIAA-CREF Institute, focused on the need to maintain income in retirement while maximizing portfolio longevity.
If you have any questions about meeting, please contact:
Keith Owen, CEBS at kowen@nycpba.org, or
Kris Williams at kris.williams@us.ing.com.
