Retirement Income Strategies with Actuary Peter Neuwirth

December152022

Ep5: Retirement Income Strategies — Meet Steve Vernon, F.S.A., president of Rest-of-Life Communications

Money Mountaineering with Actuary Peter Neuwirth
Money Mountaineering with Actuary Peter Neuwirth
Ep5: Retirement Income Strategies — Meet Steve Vernon, F.S.A., president of Rest-of-Life Communications
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A Note from Peter Neuwirth, FSA, FCA — I invite you to tune in for this week’s episode of my podcast and video show, Money Mountaineering, where for 30 minutes, financial experts help us answer the question: What’s your future worth?

Meet our guest: Steve Vernon, FSA, president of Rest-of-Life Communications

Pete asks:

  • Exactly what is longevity risk, and how can people prepare themselves for a long retirement?
  • In managing their assets, how can retirees protect themselves against the possibility of diminished capacity due to aging?
  • How can financial advisors and institutions help both retirees and pre-retirees address both of these risks?
  • At what age do you recommend a retiree decide to begin receiving their Social Security benefits?

About our Guest: ​”For this next phase of my life, I want to help people make important retirement planning decisions, so they can live long and prosper,” says Steve Vernon, F.S.A., president of Rest-of-Life Communications, where he speaks, writes, and conducts research on the most challenging aspects of retirement, including finances, health, and lifestyle. He previously served for nine years as a consulting research scholar at the Stanford Center on Longevity. He retired as a Vice President of Watson Wyatt Worldwide after a 30+ year career helping Fortune 1000 employers design, manage and communicate their retirement programs. 

Steve has written more than 1,000 online columns on retirement and longevity topics for CBS MoneyWatch and Forbes.com over a 12 year-year period. His latest book, released in July 2020, is Don’t Go Broke in Retirement: A Simple Plan to Build Lifetime Retirement Income. His previously published works include:

  • Retirement Game-Changers: Strategies for a Healthy, Financially Secure, and Fulfilling Long Life
  • Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck
  • Recession-Proof Your Retirement Years: Simple Retirement Planning Strategies That Work Through Thick or Thin
  • The Quest: For Long Life, Health and Prosperity (a DVD/workbook package)
  • Live Long & Prosper! Invest in Your Happiness, Health and Wealth for Retirement and Beyond
  • Don’t Work Forever! Simple Steps Baby Boomers Must Take to Ever Retire

Steve also authored or co-authored 19 research reports and articles on retirement income strategies, retirement decision-making, and longevity topics while he was at the Stanford Center on Longevity. He is quoted frequently in such publications as The Wall Street Journal, New York Times, Los Angeles Times, USAToday, Washington Post, BusinessWeek, Fortune Magazine, CNBC, Forbes, Kiplinger’s, and Money Magazine.  He is an experienced speaker, with over 300 presentations, keynote addresses and workshops on his various works. He also volunteers for various research committees for the Society of Actuaries and the Institutional Retirement Income Council.

He is a Fellow in the Society of Actuaries and a Member of the American Academy of Actuaries.  He graduated Summa Cum Laude from the University of California, Irvine, with a double major in mathematics and social science. Steve and his wife Melinda split their time between Ventura County, California and the Bay Area. Click here to learn more: restoflife.com

And, click here to learn more about actuary and author Peter Neuwirth: www.PeterNeuwirth.com

Since graduating from Harvard with a degree in mathematics and linguistics in 1979, Peter Neuwirth, FSA, FCA has held actuary leadership positions at consulting firms including Aon, Hewitt Associates, Watson Wyatt Towers, Perrin, and Towers Watson. He also ran the actuarial firm Coates Kenney and spent a year at Price Waterhouse.

Currently a Fellow of the Society of Actuaries and the Conference of Consulting Actuaries, Pete regularly consults with the largest corporations in the world about their retirement plans with a focus on time risk and money.

“These fundamental concepts shape our world,” explains Pete, a sought-after speaker for professional conferences and frequently quoted in national mainstream and trade publications.

After being asked too many times: “What is an actuary, exactly?” Pete has written two books in response and also explains: How does an actuary think, and why does it matter?

His first book, What’s Your Future Worth, is an accessible step-by-step guide to using the powerful concept of Present Value. Pete explains, “My goal is to help readers determine the value today of something that might happen in the future and evaluate outcomes that might arise from choosing one path instead of another.”

In his newest book, Money Mountaineering, Pete shares his views on the challenges we face to survive and thrive in a complex, uncertain, noisy and sometimes irrational wilderness. “I hope to help readers better understand the financial world they must live in and what they must do to make their way through it,” Pete shares.

Pete is also a senior consulting actuary for CapAcuity, a member of the University of Illinois Academy for Home Equity in Financial Planning, and the outside director at Rael & Letson. He is a longtime resident of Northern CA. Learn more at www.peterneuwirth.com.

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