Archive of Retirement

Connect with peers from across the globe: Attend International Congress of Actuaries Thumbnail

Connect with peers from across the globe: Attend International Congress of Actuaries

Registration is open for ICA 2014, the 30th International Congress of Actuaries, a premier continuing education event of the International Actuarial Association (IAA) with a program that contains topi

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Retirement Income Industry Association Announces Winners of the 2013 Practitioner Thought Leadership Award Thumbnail

Retirement Income Industry Association Announces Winners of the 2013 Practitioner Thought Leadership Award

The Retirement Income Industry Association (RIIA) recently named Anna Rappaport the winner of its 2013 Practitioner Thought Leadership Award for her paper, “Insights to Support Better Retirement Pla

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Observations on Input and Output Smoothing Methods: How do they affect the funding of defined benefit plans?

Following the release of our first Rapid Retirement Research report, The Rising Tide of Pension Contributions, the SOA decided to begin an investigation of ways to address the volatility of statutory

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Actuary Chris Bone provides updates on the SOA’s longevity initiative; responds to New York Times op-ed about Social Security Thumbnail

Actuary Chris Bone provides updates on the SOA’s longevity initiative; responds to New York Times op-ed about Social Security

The science of longevity projection is rapidly changing and debate about the implications of these changes is increasingly entering the public arena. Many of you may have seen the op-ed piece in the S

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Proposed Pension Funding Stabilization: How Does It Affect the Single-Employer Defined Benefit System? Thumbnail

Proposed Pension Funding Stabilization: How Does It Affect the Single-Employer Defined Benefit System?

by Joseph Silvestri, SOA Retirement Research Actuary The SOA recently released its latest research report from the Society of Actuaries (SOA) Rapid Retirement Research Initiative. The initiative’

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Ford announces program to “buy-out” retirees and former employees in its U.S. salaried retirement program – A good risk management move?  Depends on your perspective… Thumbnail

Ford announces program to “buy-out” retirees and former employees in its U.S. salaried retirement program – A good risk management move? Depends on your perspective…

by Andy Peterson, SOA Staff Fellow, Retirement Systems On April 27, Ford Motor Company announced a voluntary program to provide lump-sum payouts to salaried retirees and former employees in the U.S

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16Apr2012
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SOA Blog
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Retirement
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An interview with Malcolm Hamilton Thumbnail

An interview with Malcolm Hamilton

by Joe De Dominicis, SOA staff fellow, Canadian membership “Don't think of retiring … until the world will be sorry that you retire.” — Samuel Johnson Aside from sports heroes like Way

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Retirement Planning: SOA study finds keeping up with inflation and having enough money for health care are biggest concerns Thumbnail

Retirement Planning: SOA study finds keeping up with inflation and having enough money for health care are biggest concerns

by Anna Rappaport, FSA, MAAA, Chairperson, Society of Actuaries’ Committee on Post-Retirement Needs and Risks Today, the SOA released findings from its “2011 Risks and Process of Retirement Sur

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10Feb2012
Retirement planning ideas focusing on the middle market Thumbnail

Retirement planning ideas focusing on the middle market

by Anna Rappaport, Anna Rappaport Consulting One of the biggest challenges in retirement security is what can be done that works effectively for the middle market.  The January issue of the Journa

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17Jan2012
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SOA Blog
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Retirement
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January—A Big Month for Retirement Planning Issues Thumbnail

January—A Big Month for Retirement Planning Issues

by Joe Tomlinson, Tomlinson Financial Planning LLC The year starts on a busy note for the Society of Actuaries Committee on Retirement Needs and Risks with the launch of a major initiative, which involves the production of 11 Decision Briefs on important decisions that individuals need to make around the time of retirement. Each of the briefs deals with a specific decision area and offers key considerations to help individuals plan for retirement. As Anna Rappaport, who chairs the CRPNR, notes, "The time around retirement is particularly challenging, not only because of the life changes, but also because of the number of decisions that must be dealt with." The committee felt that it could provide useful information for both individuals contemplating retirement, and for professionals, like accountants, lawyers, and investment advisors, who work with such individuals. Anna adds, "We recognized that individual decisions depend on unique personal characteristics, but we felt that we could offer useful general information." To produce the Decision Briefs, the committee utilized a workgroup consisting of actuaries and other professionals. Included in the workgroup were members who were close to retirement age themselves, who could bring both personal and professional insights to the project. The briefs are focused on the issues facing average Americans and they do not deal specifically with issues that are only important to high-income individuals. All 11 Decision Briefs are available on the SOA website. These are the topics covered by the briefs: (more…)

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