Longevity risk – or outliving one’s savings – has become a critical threat facing retirees and one that will only rise as life expectancy increases and people spend decades, not years, in retirement.
This summary explains how our retirement income approach balances liquidity flexibility with income security in an effort to benefit both plan sponsors and the participants they serve.
For the full whitepaper, co-authored by the Regents of University of California, contact us.
Retirement Investors and Longevity Risk
DC plans are rapidly becoming the primary source of retirement savings for many Americans. While this shift means investors have more flexibility, portability and control over their savings, it also requires more responsibility for making the right investment decisions. As medical breakthroughs and healthier living extend lifespans, regular investors have to determine how to ensure their retirement assets create a steady post-retirement income that lasts a lifetime.