Thursday, February 12, 2009

Notable quotes from the Managing Retirement Income Conference

Speakers expressed some interesting opinions at the Managing Retirement Income Conference on Feb. 10. Their comments are paraphrased below.
  • It'll take at least two years at 5% equity returns for people to make back what their 401(k) plans lost in the 2008  stock market decline.--Jack L. VanDerhei, Employee Benefit Research Institute
  • Retirement will turn out to have been a twentieth century retirement phenomenon. Fewer people can afford our concept of retirement because of longer lives and all three legs of the retirement stool getting shorter.--Larry Cohen, SRI Consulting
  • Only one in six LIMRA survey respondents have taken action--mostly reallocating balances--related to the economic crisis. Respondents are planning to reduce debt, delay making investments, and reduce plan contributions.--Bob Kerzner, LIMRA International
  • A tremendous demand for financial advice is coming, but people lack confidence in financial advisors.--Bill Dwyer, LPL Financial Services
  • Top earners might be willing to give up receiving Social Security payments, which they don't need, in return for not paying more for Social Security--John Murphy, Oppenheimer Funds
  • It's a myth that income annuities reduce liquidity and your children's inheritance. Used properly, they can allow your assets to grow. --Steve Deschenes, MassMutual
  • There are three categories of managed payout funds: perpetual horizon endowment, horizon targeted self-annuitizing, and dollar payout targeting.--Richard Fulmer, Russell Investments
Related post: "Highlights from the Managing Retirement Income Conference"

Susan B. Weiner, CFA
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Copyright 2009 by Susan B. Weiner All rights reserved


  1. "It'll take at least two years at 5% equity returns for people to make back what their 401(k) plans lost in the 2008 stock market decline."

  2. You can find out more about VanDerhei and his research at

  3. I think managing income is always important, but it becomes even more critical during retirement, when your income comes from your savings rather than from wages and earnings. So I always plan my retirement income for the future.


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