Date: Wednesday, November 15, noon – 1 pm ET
In 2017, the Society of Actuaries (SOA) conducted in-depth interviews with retirees age 85 and older and their adult children, and the 9th biannual post-retirement risk survey with topics of emphasis on long-term care and caregiving, housing, and financial wellness. The 85 and older interviews are particularly interesting because now the SOA has conducted research at multiple stages throughout retirement. The survey results show major gaps in long-term care planning, preferences about housing, and provide insights into retiree risk management strategies. Retirees age 85 and older are focused on shorter-term cash flow management, dealing with risks as they happen, and are quite flexible, however, this plan does not work when there are major long-term care needs and multiple unexpected events. This presentation will provide key findings of both studies.
Presenters:
Anna Rappaport, F.S.A., M.A.A.A.
Anna Rappaport is an actuary, consultant, author, and speaker, and is a nationally and internationally recognized expert on the impact of change on retirement systems and workforce issues. She is a phased retiree and is passionate about women’s retirement security. Anna is a past-President of the Society of Actuaries and chairs its Committee on Post-Retirement Needs and Risks. Anna has been involved with the Society of Actuaries risk research since its inception. Anna serves on the Board of the Women’s Institute for a Secure Retirement (WISER), and the Advisory Board of the Pension Research Council. Anna completed 50 years as a Fellow of the Society of Actuaries in 2013. Anna served on the ERISA Advisory Council from 2010 to 2012. She was awarded the Lifetime Achievement Award by the Plan Sponsor Council of America in 2017. She has an MBA from the University of Chicago. For more information, consult her website, www.annarappaport.com.
Carol A. Bogosian, A.S.A.
Carol is president of CAB Consulting and an Associate of the Society of Actuaries with over 30 years of experience as an actuary providing advice on defined benefit and defined contribution pension plans and retirement planning issues. Before starting her own firm, she was a principal in a major consulting firm as a senior actuary and consultant providing retirement services to individuals and corporate clients. Her current interests are in improving financial education and literacy in the U.S. and she has published articles for the Plan Sponsor Council of America and WISER, spoken at various professional associations on retirement and financial planning topics, and served on the Pension Section Council. Carol currently serves on the Post Retirement Needs and Risk Committee of the Society of Actuaries and the Chicago Bar Associations’ Joint Task Force on Women and Aging. She also serves on the Employee Benefits Advisory Board for The John Marshall Law School.
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Special Thanks to:
