Washington, D.C. – What would you do if you ran out of savings during retirement?
While many Americans’ number one financial worry remains their ability to prepare for retirement, there are increasing worries of making sure those savings last through longer retirements, which may include the need for expensive long-term services and supports (LTSS).
On Thursday, November 20, the Bipartisan Policy Center’s (BPC) Commission on Retirement Security and Personal Savings and Long-Term Care Initiative will host an event to discuss how LTSS needs, the risk of outliving savings and pre-retirement withdrawals can make a financially secure retirement more difficult to achieve. The panelists will also be examining potential solutions to these problems, including expanded use of annuities and long-term care insurance and reforms to the public programs like Social Security and Medicaid that help mitigate these risks.
Former Sen. Kent Conrad, the Honorable Jim Lockhart, Research Director of Employee Benefit Research Institute Jack VanDerhei and former Director of the Congressional Budget Office Alice Rivlin will introduce a panel moderated by the President of National Academy of Social Insurance Larry Atkins.
The event is open to the public and press. Media wishing to attend the event should register here.
Join the discussion on Twitter @BPC_Bipartisan #BPClive.
Opening Remarks by:
Research Director, Employee Benefit Research Institute
Remarks by BPC Commission on Retirement Security and Personal Savings Co-chairs:
Senator Kent Conrad
Former Chairman, Senate Budget Committee
Honorable Jim Lockhart
Vice Chairman, WL Ross & Co
Former Deputy Commissioner and Chief Operating Officer, Social Security Administration
Remarks by BPC Long-Term Care Initiative Co-chair:
Senior Fellow, The Brookings Institution
Former Director, Congressional Budget Office and Office of Management and Budget
Panel discussion featuring:
Chief Research and Development Officer, Lifeplans
Senior Strategic Policy Advisor, AARP
Deputy Director, Retirement Security Project, Brookings Institution
Senior Fellow, Center for American Progress
Executive Director, Long-Term Quality Alliance
President, National Academy of Social Insurance
Threats to Retirement Security: Longevity, Long-Term Care and Leakage
Thursday, November 20, 2014
10:00AM – 11:30AM ET
Bipartisan Policy Center
1225 Eye Street NW
Suite 1000, 10th floor
Washington, DC 20005