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.
- 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.
- 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.