FinanceDude
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Aug 3, 2006
- Messages
- 12,483
At a lunch meeting with ING. He did a presentation on Longevity risk and how it's a risk noone is talking about. Fascinating stuff. He covered the rise and fall of tontine insurance in the early 1900's, and how that led to social programs such as SS coming of age. Also, the death of defined benefit programs.
His main focus was on the risk management of DISTRIBUTION for retirees, and how the financial industry is just now getting "around to it".
He pretty much HATES Target Retirement Funds, his comment was: "Great, I just stopped working and have to live the rest of my life on my nest egg, so you have me "gliding into bonds" when inflation could kill my portfolio....thanks a lot"!!
I introduced myself and we talked for a minute or so. What a funny guy..........
His main focus was on the risk management of DISTRIBUTION for retirees, and how the financial industry is just now getting "around to it".
He pretty much HATES Target Retirement Funds, his comment was: "Great, I just stopped working and have to live the rest of my life on my nest egg, so you have me "gliding into bonds" when inflation could kill my portfolio....thanks a lot"!!
I introduced myself and we talked for a minute or so. What a funny guy..........