Session 46 • Income in Retirement – the Only Objective (Part 2)

(part 1 held in session 38)

The Retirement Journey is a two-act play. Gain new perspectives on this journey as Mazen Shakeel moderates two discussions organized around the two acts of this play. 

For Act I, The Save-Early Years, Shaun Levitan will discuss why income, not wealth, should be the only objective in saving for retirement. This has broad implications for the design of defined contribution retirement plans, how investments are managed, and how risk and success are measured and monitored. 

For Act II, The Savoury Years, Bonnie-Jeanne MacDonald will present some of her research on drawdown—how members do, could, and should draw down their retirement savings. Lorraine Heseltine will show how investment and mortality risk have been pooled using a variable payment life annuity within the UBC faculty plan to provide a lifetime income. We will look at how this has worked in the past and what we expect moving forward.