The Society of Actuaries (SOA) looks at how living longer affects post-retirement needs, examines the risks and challenges it brings to retirement system plans and much more.
Post-Retirement Needs and Risks
- The SOA Committee on Post-Retirement Needs and Risks develops several different research reports and papers on individual financial risks and needs after retirement.
- Research focuses on perspectives from retirees and pre-retirees with retirement plans, including personal risk management, women’s issues in retirement and phases of retirement, among other topics.
- The committee also has a collection of briefs on a wide range of retirement issues, including asset allocation, estate planning, benefit claiming strategies, long-term care planning, health insurance and financial planning.
Living Longer
- The SOA hosts a triennial Living to 100 Symposium.
- The symposium brings together actuaries, demographers, physicians, academics, gerontologists, economists, financial planners, researchers and other professionals to discuss the latest ideas, initiatives and research on aging and increased longevity.
Retirement Income
- The SOA and the Stanford Center on Longevity developed reports on retirement income solutions.
- Employers and plan sponsors may consider offering retirement income generators for employees.
- Another report examines how safe harbor guidelines can reduce uncertainty among plan sponsors while also helping to achieve retirement security for plan participants.