Description: Description of focus group research conducted in 2013 by the Committee on Post-Retirement Needs and Risks. The purpose of this study was to gain understanding of how people make decisions about when to retire and about managing financial risks in retirement. Eight focus groups of financially resource constrained retirees who had retired voluntarily were interviewed. The report offers many quotes from retirees and a chance to “give a face” to much of what we say about retirement.

Description: This is the Executive Summary of the results of a study, sponsored by the Society of Actuaries and the Actuarial Foundation, which assesses the extent to which retirement planning software programs help users understand post-retirement risks.

Description: When people retire, purchasing the annuity insurances using their retirement fund is one way against the longevity risk. However, it has some shortcoming- the annual payment may be insufficient for daily life consumption and can’t be adjusted for any urgent need [liquidity risk]. This is the abstract of a paper that investigates the adequate annuitization timing and optimal asset allocation under different investment strategies that can be found according to a time-series of safety level as a utility function for a retiree.

Description: The is the abstract for a paper that discusses retirement planning information and the signals it provides. It focuses on the issue of communicating lump sum versus income benefits. It discusses challenges in communicating income benefits and provides some alternatives.

Description: We propose an age-shift model to modify the LC model and deal with the problem of parameters. The proposed method attains smaller estimation errors with respect to mean absolute percentage error or mean square error. We also apply the proposed age-shift model to the mortality rates of these four countries to evaluate the longevity risk in annuity products by measuring life expectancy.

Description: Abstract for the 2009 Housing Wealth monograph paper, “Retirement Implications of Housing Wealth Spending”. This paper explores comparative trends in home ownership versus renters, the associated levels of housing expenditures, and the extent of equity borrowing. The goal is to stress the need in retirement to cover basic housing needs and the risks of using housing for other purposes.

Description: The abstract for a paper talks about the risks of defined benefit and defined contribution plans.

Description: The abstract for a paper that focuses on when and how we retire.

Description: This paper develops the binomial version of the Lee-Carter model and provides a comparative study of simulation strategies for assessing risk in mortality rate predictions and associated estimates of life expectancy and annuity values in both period and cohort frameworks.

Description: What is the 'best' post-retirement financial strategy for a particular participant of a defined contribution plan? The answer to this question must accommodate a number of risks, the most obvious of which are related to longevity, inflation, investment, and health. Moreover, what makes this question especially intriguing is that its solution must be molded to the wealth, features and agenda of a particular individual and/or family. Many of the constraints and goals are qualitative, and standard market and population metrics may have limited significance. This is the abstract of a paper that deals with implementation issues, qualitative goals and constraints, and tailor-made solutions.