10.19.2023 - Retirement
Estimating the End of Retirement
Presented by David Blanchett, PhD, CFA, CFP®, PGIM DC Solutions
In this webinar, David Blanchett, Managing Director and Head of Retirement Research for PGIM DC Solutions, explored a variety of topics related to estimating “the end” of retirement, including a review of life expectancy and its drivers, the accuracy of subjective mortality estimates, the actual assumptions used by financial advisors in financial plans, as well as model that can be used to approximate a reasonable retirement period that considers personalized mortality and the probability of success.
Attendees Comments:
"New Ideas" Learned According to Webinar Attendees:
"Definitely go beyond age 90 in planning. Use tools with greater specificity. Longevity is a risk that needs to be shared."
"Great to learn of different resources and inputs for estimating longevity and the importance of getting clients to take a realistic view of it."
"Hadn't ever thought to customize L/E for females vs. males since it is well known females usually live longer. We use 95 for both. There are a few clients for who we do use different L/Es based on their health and known family history."
"New Ideas" Learned According to Webinar Attendees:
"Definitely go beyond age 90 in planning. Use tools with greater specificity. Longevity is a risk that needs to be shared."
"Great to learn of different resources and inputs for estimating longevity and the importance of getting clients to take a realistic view of it."
"Hadn't ever thought to customize L/E for females vs. males since it is well known females usually live longer. We use 95 for both. There are a few clients for who we do use different L/Es based on their health and known family history."