Longevity

In a recent interview, TIAA-CREF CEO Roger Ferguson discusses post financial crisis retirement planning and CREF's role in the new retirement planning landscape. Ferguson believes that increasing longevity in the U.S. is a key driver of what will be a very different 21st century retirement system. Ferguson also suggests that stable sources of lifetime guaranteed income --in other words an annuity --should provide the "backbone" of the future system: It's really important to use this to educate...

There is an interesting and worthwhile article in Financial Planning that discusses the post-financial crisis retirement landscape. The author draws a picture of a new set of retirement norms for Baby Boomers and the generation following Boomers. Issues addressed include: Longevity. The financial crisis' impact on retirement planning . Sequence of returns risk . Social Security . Use of annuities. Employment in retirement. Recreation in retirement. Source: Financial Planning Full Story