Income For Life: Hyperbole, Realities, Hopes and Outcomes
Due to the Thanksgiving Holiday,
the registration deadline for this meeting is Wednesday, November 21.
Registrations made after the Wednesday deadline will incur a late fee.
One hour of continuing education has been approved by the Washington Insurance Commissioner's office
Through the convergence of several demographic and retirement industry trends, market volatility and economic realities, a new picture of retirement has begun to take root: “I could run out of money before I run out of retirement.” This new reality has impacted everyone: plan participants, plan sponsors, insurance vendors, advisors and fiduciaries. Not surprisingly, the concept of creating an income stream for life has begun to move quickly to the forefront. Yet, there is no clear path to follow in order to achieve this goal and as a result, all of those impacted by the discussion (participants, sponsors, insurance providers, advisors) face new opportunities and risks. This presentation, in the form of a point-counterpoint approach, will build the framework for helping analyze, evaluate, address and communicate the issues surrounding the goal of income for life.
Some of the key elements to be discussed will include:
- Who offers such solutions today?
- How do they work?
- Why an insured solution?
- Is an annuity the only option?
- Why an in-plan solution?
- What are my risks in offering such a solution to my participants?
- How do I compare and contrast offerings?
- How do I ascertain success in 30, 40 or even 50 years?
Martha Tejera, Tejera & Associates
Martha Tejera serves on the boards of several industry groups, including the Seattle Chapter of Western Pension & Benefits Council and the Institutional Retirement Income Council, the organization whose mission is to facilitate the cultural shift of defined contribution plans from supplemental savings plans to programs that provide retirement security. She is a former Enrolled Actuary under ERISA and earned her bachelor’s degree in Economics from the University of Washington. Martha’s knowledge of industry standards and best practices, service providers and their characteristics and the nuances of plan design and administration have proven invaluable in helping plan sponsors select providers and build long term, successful partnerships.
John McGlynn, U.S. Bank
John is responsible for developing relationships within the Institutional Trust & Custody division of U.S. Bank. Prior to joining U.S. Bank, John worked creating practical investment objectives, selecting appropriate managers and providing performance analysis and reporting. In addition, John provided consulting in the areas of vendor analysis and selection, fee analysis and vendor compensation negotiations. John has over 30 years of experience in the financial services industry including serving as Vice President of Business Development in the Institutional Trust Services Division of one of the nation’s five largest banks.
November 27 Chapter Meeting
Register by phone at 206-623-8632 by noon on November 21.
No refunds after noon on November 21.
Register online by noon on November 26.
Members must log in to get the member rate.
Meeting flyer
Bellevue Breakfast - Daniel's Broiler
Located in the Bank of America building
10500 N.E. 8th, 21st Floor, Bellevue, WA 98004
The underground parking garage is shared with the Hyatt.
Once in the garage look for the "Bank of America" elevators.
Take garage elevator to the Bank of America lobby.
Switch to a building elevator to go to 21st floor.
Building elevators are locked until 7 AM.
7:15-7:30 AM Sign in
7:30-7:40 AM Breakfast is served
7:40-8:00 AM Announcements and Current Issues
8:00-9:00 AM Program
$30 Members online; $40 at the door
$40 Non-members online; $50 at the door
Seattle Luncheon - Sheraton Seattle Hotel
1400 Sixth Avenue, Seattle, WA 98101
11:15 AM-11:30 AM Registration
11:30 AM-11:45 AM Lunch is served
11:45 AM-12:00 PM Announcements and Current Issues
12:00 PM- 1:00 PM Program
$45 Members online; $60 at the door
$60 Non-members online; $75 at the door
