Description: The Society of Actuaries (SOA) and Stanford Center on Longevity released a report exploring the feasibility of implementing the “Spend Safely in Retirement Strategy.

Description: Builds on the 2014 Pension Research Council meeting and paper authored by myself and Andrew Peterson, plus other meeting content to focus on alternative views for the future of the pension system.

Description: September issue of PSN

Description: Interview with Sudipto Banerjee

Description: This paper takes the position that a retirement plan should not be evaluated differently than other financial arrangements, and, therefore, its value should be measured through a utility function. The paper then suggests a method of incorporating utility theory into the retirement plan design model. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: Fiduciaries play a vital role in the financial health of a pension plan. How they carry out their duties is a question of increasing interest to beneficiaries, regulators, shareholders and taxpayers. Having a clear, logical and well-documented risk management process in place can make a big difference.

Description: This article helps illustrate that a guaranteed income stream in retirement has much more value than merely longevity protection. Used properly, a payout annuity is also a hedge against one's retirement nest egg evaporating, leaving the retiree living check to check on a fixed income only. The article will be of interest to those involved in product development and design, sales and marketing, and payout annuities or guaranteed withdrawal benefits in general.

Description: Individuals in retirement should pay all general living expenses from predictable income, and then all other expenses from the liquidation of the endowment.

Description: A highlight report on financial risks stemming from a study on the financial perspectives of aging and retirement of Americans across five generations.