On April 15, 2011, The Aspen Institute Initiative on Financial Security (Aspen IFS) hosted Savings to Last a Lifetime: The Changing Needs of American Retirees, an executive roundtable discussion on options to improve retirement security in today’s changing landscape. Over 50 executive-level participants gathered, including consumer advocates, pension experts, industry leaders, and policymakers, to focus on new ways to help Americans’ savings stretch though retirement.
Lisa Mensah, Executive Director of Aspen IFS, opened by emphasizing that knowing how to explore the choices available for retirement income may well be the biggest financial decision workers, savers, and families will ever have to make. Mensah then handed the conversation to Mark Iwry, Deputy Assistant Secretary for Health and Retirement Policy at the U.S. Treasury, and Michael Davis, Deputy Assistant Secretary at the U.S. Department of Labor, who discussed efforts underway at both departments to develop innovative solutions to assist Americans in stretching their income throughout retirement. The conversation then opened up to the expert participants, who debated the best next steps moving forward to help more Americans achieve lifetime financial security.