The urgency for retirement income solutions has been increasing as participant demographics and demands change, the defined benefit era wanes and the defined contribution plan becomes the primary workplace-sponsored retirement benefit – carrying the implicit expectation of solving both the saving and spending phases of retirement readiness.
In today’s webinar, we will look through the lens of research to confirm the need for both flexibility and security within a retirement income solution. Our speakers will address:
- The stratification of retirement ages, experiences and outcomes
- A heterogeneity of retiree spending as informed by EBRI's Spending in Retirement Survey
- The impact of annuitization on retirees’ financial security as outlined in Boston College’s Center for Retirement Research publication, How to Best Annuitize Defined Contribution Assets
State Street Global Advisors, a champion for policy change and product innovation within the retirement income space, will moderate the discussion. Together, these voices will offer attendees practical tips for how to embrace the next generation of DC and harmonize two essential elements: flexibility and security. A live Q&A session will follow the presentation.