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Retirement Income Sufficiency: Shaping the Future Kelli H. Hueler, CEO Hueler Companies © Hueler Companies 2008
A Real-Life Retirement Income Story –This slide can be deleted but Kelli would like to use the video as an introduction to her presentation. © Hueler Companies 2008
“Best Practice Delivery” Meaningful Competition Group Pricing Ability to Customize Purchase Flexibility Web-Based Technology Broad Accessibility © Hueler Companies 2008
Data and Research Shows Meaningful Competition is Essential © Hueler Companies 2008 Income Solutions® is a registered trademark of Hueler Investment Services, Inc.
Impact of the Combined Effect © Hueler Companies 2008 Income Solutions® is a registered trademark of Hueler Investment Services, Inc. 65 Year Old Male $200,000 Life Only Income Annuity Average Monthly Income Differential = 6.13% $0 $4,000 $8,000 $12,000 $16,000 $20,000 $24,000 $28,000 $32,000 10 Yrs15 Yrs20 Yrs25 Yrs30 Yrs Copyright© Hueler Investment Services, Inc. 2008. All Rights Reserved. Income Solutions® Difference of Institutional vs. Retail Pricing as of January 2008
Drawdown Method vs. Inflation Protected Annuity 4% Drawdown on $100,000 = $4,000 per year Market Risk, Potential Loss of Principal Longevity Risk Inflation Inflation Protected $100,000 Single Life Only Annuity = $6,000 per year Above risks are eliminated 50% Annual Increase in Income (without adjustments for inflation) © Hueler Companies 2008
Purchasing Power is reduced by Inflation 31% 41% 55% 74% 0% 20% 40% 60% 80% 100% 65758595105 Age Percent of Original Value If Inflation is 3% each year Source: EBRI
Big Questions How prepared will retirees be to transition? How will retirees pensionize hard earned 401(k) assets? What role will plan sponsors play? Will products be designed to meet fundamental retirement income needs or to satisfy consumer desire? What will the future hold for the private retirement system? © Hueler Companies 2008
Landing Phase = 59% © Hueler Companies 2008
Future Vision… Move from Conversation to Action Proactive Plan Sponsors Collaboration on Product Development and Participant Communication Creation of Products that Balance Consumer Needs and Desires Regulatory Change Leveraging Best in Class Defined Contribution Plans to Create New Low Cost Alternatives for Transitioning Employees © Hueler Companies 2008
Ensuring Lifelong Income: Best Practice Delivery Kelli Hueler President, Hueler Companies Copyright® 2007 Hueler Investment Services, Inc.
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