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Walter P. Paepcke, Aspen Institute Co-Founder
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Live Long and Prosper? Solving the Retirement Income Challenge

Note: This is a past event, additional resources may be available below.

Thu May 17, 2018
Washington, DC

Date

Thu May 17, 2018
8:30am – 11:30am EDT

Location

Washington, DC, 20002
Senate Dirksen Building – Room 106
2nd St NE

Contact

    [email protected]

Hosts

  1. Financial Security Program

[youtube_embed source=”g82diUhUaaY” caption_title=”Video” caption_text=”Video” /]

The risk of outliving one’s retirement savings has Americans counting dollars instead of sheep as they lay awake at night. Two-thirds of Americans 18 years or older believe that there’s at least some chance they’ll outlive their retirement savings. And sixty percent of Baby Boomers claim they’re more worried about running out of money in retirement than they are of dying. Our current retirement system relies on individuals to navigate a complex set of choices to establish and maintain a sufficient income throughout retirement.

The Aspen Institute’s Retirement Savings Initiative is committed to help close this “lifetime income” gap by amplifying pragmatic voices from leaders in academia, government, and industry. This event explored the challenges and potential solutions for Americans seeking to convert their savings into steady income and to enjoy long and prosperous retirements.

This event featured the following speakers and panels:

Welcome and Introduction 

  • David Mitchell, Associate Director of Policy and Market Solutions, Aspen Institute Financial Security Program, @AspenFSP
  • Roger Ferguson, President and CEO, TIAA, @TIAA
  • Ida Rademacher, Vice President, Aspen Institute, Executive Director, Financial Security Program, @idarademacher

Panel 1: Origins of the Lifetime Income Gap – How We Got Here

  • Jeff Brown, Dean and Josef and Margot Lakonishok Professor of Business, University of Illinois,  @IlliniBizDean
  • Jonathan Forman, Alfred P. Murrah Professor of Law, University of Oklahoma, @UofOklahomaLaw
  • Moderated by Hazel Bradford, Washington Reporter, Pensions & Investments, @Bradford_PI

Panel 2: Solutions in the Public and Private Sectors

  • Kevin Hanney,Senior Director, Portfolio Investments, United Technologies Corporation, @UTC
  • Elizabeth Kelly, SVP of Operations, United Income, @unitedincome
  • Hugh Penney, Senior Director, Compensation & Benefits, Yale University, @Yale
  • Debra Whitman, Chief Public Policy Officer, AARP, @policydeb
  • Moderated by Peggy Collins, Personal Finance Reporter, Bloomberg News, @mkmcollins 

Closing Remarks

The Aspen Financial Security Program is grateful to TIAA for sponsoring this event.

Twitter Highlights

https://twitter.com/AspenFSP/status/997157718711468032

https://twitter.com/AspenFSP/status/997169324317126656

https://twitter.com/AspenFSP/status/997171761778130945

https://twitter.com/AspenFSP/status/997188817013624833

https://twitter.com/AspenFSP/status/997190822339731458

https://twitter.com/AspenFSP/status/997202333984534528[youtube_embed source=”g82diUhUaaY” caption_title=”Video” caption_text=”Video” /]

The risk of outliving one’s retirement savings has Americans counting dollars instead of sheep as they lay awake at night. Two-thirds of Americans 18 years or older believe that there’s at least some chance they’ll outlive their retirement savings. And sixty percent of Baby Boomers claim they’re more worried about running out of money in retirement than they are of dying. Our current retirement system relies on individuals to navigate a complex set of choices to establish and maintain a sufficient income throughout retirement.

The Aspen Institute’s Retirement Savings Initiative is committed to help close this “lifetime income” gap by amplifying pragmatic voices from leaders in academia, government, and industry. This event explored the challenges and potential solutions for Americans seeking to convert their savings into steady income and to enjoy long and prosperous retirements.

This event featured the following speakers and panels:

Welcome and Introduction 

  • David Mitchell, Associate Director of Policy and Market Solutions, Aspen Institute Financial Security Program, @AspenFSP
  • Roger Ferguson, President and CEO, TIAA, @TIAA
  • Ida Rademacher, Vice President, Aspen Institute, Executive Director, Financial Security Program, @idarademacher

Panel 1: Origins of the Lifetime Income Gap – How We Got Here

  • Jeff Brown, Dean and Josef and Margot Lakonishok Professor of Business, University of Illinois,  @IlliniBizDean
  • Jonathan Forman, Alfred P. Murrah Professor of Law, University of Oklahoma, @UofOklahomaLaw
  • Moderated by Hazel Bradford, Washington Reporter, Pensions & Investments, @Bradford_PI

Panel 2: Solutions in the Public and Private Sectors

  • Kevin Hanney,Senior Director, Portfolio Investments, United Technologies Corporation, @UTC
  • Elizabeth Kelly, SVP of Operations, United Income, @unitedincome
  • Hugh Penney, Senior Director, Compensation & Benefits, Yale University, @Yale
  • Debra Whitman, Chief Public Policy Officer, AARP, @policydeb
  • Moderated by Peggy Collins, Personal Finance Reporter, Bloomberg News, @mkmcollins 

Closing Remarks

The Aspen Financial Security Program is grateful to TIAA for sponsoring this event.

Twitter Highlights

https://twitter.com/AspenFSP/status/997157718711468032

https://twitter.com/AspenFSP/status/997169324317126656

https://twitter.com/AspenFSP/status/997171761778130945

https://twitter.com/AspenFSP/status/997188817013624833

https://twitter.com/AspenFSP/status/997190822339731458

https://twitter.com/AspenFSP/status/997202333984534528