The Money Show Virtual Expo: Peter Neuwirth is a lead speaker

March 22, 2023: The Money Show

Today’s topic: “What’s Your Future Worth?” An Actuarial Perspective on Retirement Income Strategy

Pete explains: The idea of a three-legged stool is broken, insists Pete, who says we need a new model. The concept was coined by an actuary working for the Met in 1949 and was received wisdom for retirement planners, actuaries, and others for decades. The three-legged stool is intended to provide employees with a secure retirement through social security provided by the government,  a guaranteed pension provided by employers, and personal savings accumulated by the employee. But now pensions have been replaced by 401k’s, and social security is under financial stress. Pete will describe how the actuarial perspective can help retirees adapt.