Segmenting the Middle Market: Retirement Risks and Solutions-Phase 1 Report

Research Projects–Pension

The Society of Actuaries' Committee on Post Retirement Needs and Risks is pleased to make available the Phase 1 report of a two-phase effort. The effort defined relevant consumer segments among middle-income / mid-level net worth households (Phase 1) and decision processes that could lead to solutions that address the retirement risks of each segment (Phase 2). The Phase 1 report, authored by Noel Abkemeier and Brent Hamann of Milliman, may be accessed by clicking the link to the right.

The Phase 2 report may be accessed by clicking here: Phase 2.

If you have any questions or comments regarding the report, please contact Steve Siegel, Research Actuary at

The SOA's Committee on Post Retirement Needs and Risks would like to thank the following members of the project oversight group for their review and support of the project:

  • Carol Bogosian, Chair
  • Steve Cooperstein
  • Betty Meredith
  • Anna Rappaport
  • Zenaida Samaniego
  • Steve Vernon
  • Steven Siegel, SOA Research Actuary