Retirement Repair Shop with Mary Beth Franklin - Dual Retirement Challenges: Inflation and Longevity

Dual Retirement Challenges: Inflation and Longevity

10/03/22 • 37 min

Retirement Repair Shop with Mary Beth Franklin

Millions of baby boomers are retired or preparing to retire. But after a decade of strong market performance, near zero interest rates and low inflation, today’s retirees face new challenges: the highest inflation in 40 years coupled with volatile markets against a backdrop of longer lifespans. Guest Mike Downing, chief operating officer of Athene, shares his insights of how older Americans can stretch their savings and stabilize their income over a retirement that could last 30 years or more.

Please note: This content is intended for financial professionals.

Guest Bio: Michael S. Downing serves as Athene’s Chief Operating Officer and Chief Actuary. He is responsible for overseeing global actuarial valuation, modeling, pricing, product development, and product go-to-market.

Please note: This content is intended for financial professionals.

Previous Episode

Covid’s impact on women’s retirement security

Despite progress made in recent decades, women continue to be at greater risk of not achieving a financially secure retirement than men, in large part due to the gender pay gap and time out of the workforce for parenting and caregiving. Covid has made that situation worse. Tired of juggling work responsibilities and family caregiving duties during the pandemic, many women simply gave up and joined the Great Resignation. With Mary Beth to discuss how Covid has affected the outlook for women’s retirement security is Catherine Collinson, CEO and president of the Transamerica Institute and its Transamerica Center for Retirement Studies.

Next Episode

Market Volatility Threatens Retirement Security

Millions of American retirees and near retirees are particularly vulnerable as withdrawing funds from a shrinking nest egg during their early retirement years can threaten portfolio longevity. Annuities can deliver the stable income that retirees crave, but how exactly do they it? Laurence Black, founder of the Index Standard, helps us look under the hood of some of the latest annuity offering to explain how the strategic use of various financial indices can create reliable streams of retirement income.

Please note: This content is intended for financial professionals.

Guest Bio:

Laurence Black is the founder of The Index Standard® and an index advisor to Robert J. Shiller, Sterling Professor of Economics at Yale University. Before founding The Index Standard®, Laurence was a Managing Director and Head of Quantitative Indices and Strategies at Barclays where he oversaw the development of the Barclays index family. In addition to designing some of the first smart beta/factor indices, Laurence spearheaded Barclays' index partnerships with Professors Robert Shiller and Nouriel Roubini, as well as Novus Partners.

Before Barclays, Laurence was Head of Indices at ABN AMRO in London, where he successfully launched indices with well-known investors such as Jim Rogers and Joel Greenblatt. Before ABN AMRO, Laurence worked at Lehman Brothers, Deutsche Bank, and Credit Suisse.

Laurence holds an MBA from the University of Warwick and a Bachelor's degree from the University of Cape Town. When not thinking about financial matters, he can mostly be found on a tennis court.