2007 Symposium: Managing Retirement Payouts: Positioning, Investing, and Spending Assets

April 23-24, 2007

About the Conference

This event highlighted emerging issues regarding assets and expectations on the verge of retirement, including uncertainty regarding life expectancy and morbidity. Analysts explored retirement asset positioning and location, phasing of spending patterns, and debt as well as housing consumption in later life. Financial advisers and academics debated ways to effectively manage assets in retirement, including the role of advice engines and tax challenges. Lawyers and policy experts evaluated regulation for the retirement payout marketplace, along with long-term care insurance.

This conference was a Wharton Impact Conference sponsored by the Wharton School’s Pension Research Council and Boettner Center for Pensions and Retirement Research.

The conference was co-hosted by John Ameriks and Olivia Mitchell at The Wharton School.

Conference Agenda

Monday April 23, 2007

Session I: Setting the Stage

  • “Is Retirement Being Remade? Developments in Labor Market Patterns at Older Ages”
    Sewin Chan, New York University; Ann Huff Stevens, UC Davis
    Download Presentation [PDF, 34K]
  • “Consumption in Retirement: Recent Developments”
    Erik Hurst, University of Chicago
    Download Presentation [PDF, 113K]
  • “Net Worth and Housing Equity in Retirement”
    Todd Sinai and Nicholas Souleles, Wharton School
    Download Presentation [PDF, 152K]

Session II: Retirement Distributions

  • “Understanding and Enhancing Retirement Security”
    John Ameriks, Vanguard, and Andrew Caplin, Steven Laufer, and Stijn Van Nieuwerburgh, NYU
    Download Presentation [PDF, 143K]
  • “Retirement Distributions and the Bequest Motive G. Victor Hallman, Wharton School
    Download Presentation [PDF, 49K]
  • “Regulating Markets for Retirement Payouts: Solvency, Supervision, and Credibility”
    Phyllis Borzi, George Washington University; Martha Priddy-Patterson, Deloitte
    Download Presentation [PDF, 74K]

Luncheon Speaker : Harold Evensky, Evensky & Katz

Session III: Retirement Risk Management

  • “Does a Variable Annuity Come with a License to Take on More Investment Risk? Some Theoretical, Empirical, and Anecdotal Observations”
    Moshe Milevsky and Vladyslav Kyrychenko, York University
    Download Presentation [PDF, 160K]
  • “Who Values the Annuity from Social Security? New Evidence from the Health and Retirement Study”
    Jeff Brown and Marcus Casey, University of Illinois; Olivia S. Mitchell, The Wharton School
    Download Presentation [PDF, 33K]
  • “Combination of Life Annuities and Long-term Care Insurance: Tax Issues”
    David Brazell and Jason Brown, U.S. Dept of Treasury; Mark Warshawsky, Watson Wyatt
    Download Presentation [PDF, 123K]

Tuesday April 24, 2007

Session IV: Financial Products for the Payout Phase

  • “New Approaches to Retirement Income Phasing ”
    James I. Mahaney and Peter C. Carlson, Prudential Financial
    Download Presentation [PDF, 187K]
  • “Managing the IRA In Retirement”
    Sarah Holden and Brian Reid, ICI
    Download Presentation [PDF, 293K]
  • “Efficient Retirement Strategies”
    William Sharpe, Stanford University; Jason S. Scott, and John G. Watson, Financial Engines
    Download Presentation [PDF, 188K]

Session V: Roundtable: Lessons for Managing Retirement Payouts
Francois Gadenne, Retirement Engineering, Inc.; Kelli Hueler, Hueler Associates; Joe Piacentini, EBSA/DOL

For More Information

For more information, including how to register, please contact:

Pension Research Council
The Wharton School, University of Pennsylvania
3000 Steinberg Hall – Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215.898.7620
Fax: 215.573-3418
Email: prc@wharton.upenn.edu