A Building Expertise Web Conference - "Trends in Longevity and Implications for Retirement Planning"

July 2003 |

Throughout the 20th century there were dramatic improvements in longevity and, as of the year 2000, a 65-year-old woman could expect to live to 84, and a man to age 80. Moreover, life expectancy will continue to improve, mostly at the later ages. In light of this, individuals and those who provide them with financial guidance must consider how to manage assets to avoid outliving them or being unprepared for significant healthcare costs often associated with aging. In making projections about how long one might live and how long financial resources will be needed, what assumptions should be used?

This web conference, which was presented by TIAA-CREF actuarial vice president, Michael Heller, and moderated by Institute assistant director of education, Raymond Schmierer, provided benefits professionals with knowledge of mortality trends and implications for retirees, survivors, and annuitants. Whether you provide retirement-related education or refer employees elsewhere, you should have a basic understanding of the factors that your employees must consider as they plan for retirement. This presentation also discussed specific mortality characteristics of annuitants -- those who purchase annuities.

This web conference was approved for 1 hour of continuing education (CE) credit toward recertification for the Professional in Human Resources (PHR) and Senior Professional (SPHR) designations awarded by the Society of Human Resource Management (SHRM).

The supporting slides (PDF) used during this presentation are available for your review.
 

© 2014 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017