2016 Symposium: Financial Decision Making and Retirement Security in an Aging World May 5-6

About the Conference

By the end of the next decade, the number of older Americans will have grown rapidly, but half if not more of the elderly will suffer from cognitive deficits after the age of 80. Our 2016 Pension Research Council symposium explored how financial decision-making changes at older ages, how and when financial advice can be useful for the older population, and what solutions and opportunities are needed to resolve the likely problems that will arise.

This conference was by invitation only.


Conference videos are available here.

Conference Agenda

Thursday, May 5, 2016

Introductory Remarks: Olivia S. Mitchell, The Wharton School

Session I: The Aging Brain and Financial Decision Making

Discussant: Michael Orszag, Willis Towers Watson

Discussant: Fredrick Axsater, State Street Global Advisors

Keynote Speaker: Ursula Staudinger, Columbia University

  • Session II: Financial Advice and Retirement Planning
    “Seven Life Priorities in Retirement”
    Surya Kolluri and Cynthia Hutchins, Bank of America Merrill Lynch
    Download Conference Presentation
  • “When to Delegate? A Life Cycle Analysis of Financial Advice”
    Hugh Hoikwang Kim, Sungkyunkwan University; Raimond Maurer, Goethe University; and Olivia S. Mitchell, the Wharton School
    Download Conference Presentation

Discussant: David Richardson, TIAA Institute

  • “Approaching Retirement: The Categories, Timing and Correlates of Advice Seeking”
    Gordon L. Clark, Maurizio Fiaschetti, and Peter Tufano, Oxford University
    Download Conference Presentation
  • “Annuity Options in Public Pension Plans”
    Robert Clark, North Carolina State University and Janet Cowell, North Carolina State Department of the Treasurer
    Download Conference Presentation

Discussant: Briggette Miksa, Allianz Asset Management AG

Keynote Speaker: Nora Dowd Eisenhower, Consumer Financial Protection Bureau

Friday, May 6, 2016

Session III: Solutions and Opportunities

Discussant: Clint Zweifel, Missouri State Treasurer

Session VI: Roundtable

John Phillips, Social Security Administration – Moderator
Alexa von Tobel, LearnVest
Steve Utkus, Vanguard
Matt Fellowes, HelloWallet