Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans

Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans

Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans - Steve Vernon, Wade Pfau

Overall Rating: 4.6 / 5

Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans - Steve Vernon, Wade Pfau
Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans - Steve Vernon and Wade Pfau

Learn how recent Society of Actuaries research can be applied to retirement income options and investing decisions for DC plan sponsors, participants and consumers.

This presentation highlights conclusions from a four-phase research project sponsored by the Society of Actuaries (SOA) and the Stanford Center on Longevity. It illustrates an analytical framework for evaluating retirement income generators (RIGs) that could be offered in defined contribution retirement plans, and how to use a diversified portfolio approach for developing retirement income strategies.

The reverse mortgage option should be viewed as a method for responsible retirees to create liquidity for an otherwise illiquid asset, which in turn can create new options that potentially support a more efficient retirement income strategy (more spending and/or a greater legacy). Financial advisors must pay attention to their client’s home equity, as this is a vital asset that can be used as part of a coordinated strategy to improve retirement outcomes.

In "Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans" by Steve Vernon and Wade Phau, you will:

  1. Apply stochastic forecasting and efficient frontiers to illustrate an analytical framework for retirees and advisers to make informed retirement income allocation decisions;
  2. Learn the retirement income generators (RIGs) that are currently available for DC retirement plans and are straightforward to implement;
  3. Determine if outcomes can be improved by using retirement savings to enable delaying Social Security benefits;
  4. Review solutions that use qualified longevity annuity contracts (QLACs) to design retirement income solutions;
  5. Analyze solutions that protect retirement income in the period leading up to retirement with deferred income annuities and guaranteed lifetime withdrawal benefits.

This on-demand webinar is a recording of a recent live webinar. Check our WEEKLY REBROADCAST SCHEDULE where there is no need to take the online quiz to receive CE. You may also take this on-demand course any time for 1.5 hrs CFP®, CRC®, and other Continuing Education Credits when you pass the online quiz.

Your presenters are Steve Vernon, FSA, MAAA, Research Scholar, Stanford Center on Longevity, President of Rest-of-Life Communications and Wade Pfau, Ph.D., CFA is a Professor of Retirement Income for the American College of Financial Services and the Director of Retirement Research for McLean Asset Management, as well as the author of Insights & Research for Lifetime Financial Planning for the Retirement Researcher.

Steve Vernon, FSA - Expert in Strategies that Integrate DC Plans, Social Security, QLACs
Steve Vernon, FSA, MAAA


Meet Steve Vernon, FSA, MAAA, Strategies for
a Healthy and Secure Retirement Expert

Retirement planning experience

As an actuary and author, Steve Vernon writes, speaks, and prepares research on the most challenging issues facing retirees today, including finances, health, and lifestyle.

As a Research Scholar at the Stanford Center on Longevity, Steve helps collect, direct, and disseminate research that will improve the financial security of workers. He focuses on developing reliable sources of retirement income, managing retirement living expenses, and protecting against common risks. Underlying his work is an emphasis on behavioral economics, to help people of all ages make effective financial decisions that will impact their retirement years.

He also writes a regular column for CBS MoneyWatch.

Retirement planning thought leadership and expertise

Steve uses his actuarial expertise, contacts, and decades of consulting experience to help people retire with security, dignity, good health, and purpose in life.

Steve advocates using simple retirement planning strategies for your money, health, and lifestyle that are realistic and practical for most working Americans. He provides just information and education, and does not sell investments, insurance, or any other products. This enables him to “tell it like it is” since he’s not paid to sell any products or services.

Steve Vernon shares practical strategies and ideas for enhancing finances, health, and lifestyle for the “rest-of-life” life phase, also known as retirement. With an effective mix of humor, stories, video clips, pictures, music, and cold hard actuarial analysis, he provides hope for working Americans with pervasive fear and anxiety about retirement.

Wade Pfau, PhD, CFA
Wade Pfau, PhD, CFA, Professor of Retirement Income


Meet Wade D. Pfau, Ph.D., CFA,
Retirement Income Expert

Retirement planning experience

Wade D. Pfau, Ph.D., CFA, RICP, is the curriculum director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA. He is also a Principal and Director for McLean Asset Management. He holds a doctorate in economics from Princeton University.

Retirement planning thought leadership and expertise

Wade publishes frequently in a wide variety of academic and practitioner research journals on topics related to retirement income. He hosts the Retirement Researcher website, and is a contributor to ForbesAdvisor PerspectivesJournal of Financial Planning, and an Expert Panelist for the Wall Street Journal.  He is the author of the books, Safety-First Retirement Planning: An Integrated Approach for a Worry-Free RetirementHow Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies, and Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement.

Invest in Your Retirement Expertise.

1.5 hrs CFP®, CRC®, and other CE Credit Reporting

We are a CE Sponsor with the CFP Board of Standards and the professional development partner of the International Foundation for Retirement Education (InFRE).

We will report your CFP® and/or CRC® credit (no additional reporting fee). Please add your ID at checkout. You are responsible for reporting all other certification CE credit.

Over 50 courses are accepted for continuing education (CE) credit for those who have earned the Certified Financial Planner® (CFP®) certification, the International Foundation for Retirement Education’s (InFRE) Certified Retirement Counselor® (CRC®) certification, the College for Financial Planning’s Chartered Retirement Plan Consultant (CRPC) certification, the American College’s designations (ChFC, CLU, RICP), Retirement Management Analyst designation (RMA), ASPPA and other certification or designations.

Retirement CE Sponsor with the CFP Board of Standards

Do you need more than three hours of CE?

Then become a Subscriber!  Just notify us that you want to become a subscriber within 10 days of course purchase to apply the cost of your individual cost to a new subscription.

Not familiar with on-demand courses?
We help you be sure you’re comfortable navigating our on-demand system. Just contact customer service by email anytime or by phone at 847.686.0440 x105 during eastern time regular business hours.

Your satisfaction is guaranteed. We know you will be pleased with your purchase of any of our courses or subscription products. If, however, you are not completely satisfied, just notify us within 30 days of your purchase to receive a full refund of your fee.

Leave a Comment (0) ↓