Products August 22, 2012

Dummies Give Retirement Advice in Video

What do crash test dummies talk about when they’re not crash-testing vehicles? Apparently they share tips on saving for a secure retirement.
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“Retirement Income Planning for Dummies” is an animated educational video aimed at retirees and their advisers. The video is from Annuity Think Tank, a research organization that specializes in annuities and retirement income. In plain if somewhat stilted language, two crash test dummies discuss the benefits of saving and investing to create a guaranteed income during retirement. The conversation leads to a discussion about common retirement mistakes and how to overcome them.

The younger, less-knowledgeable dummy asks about Social Security, giving the other dummy an opportunity to detail the pitfalls of relying solely on the government program to fund retirement. He suggests additional ways to save, such as 401k matching plans and fixed-index annuities. The experienced dummy also discusses the importance of tax deferral and establishing a retirement plan early for a secure and safe outcome regarding retirement savings and retirement income.

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The younger dummy, unfamiliar with retirement planning, expresses interest in learning more after hearing all of the benefits of saving early and creating a lifetime income stream to protect against the longevity risk of outliving your money.

The organization has other videos on its website. “Retirement Income Planning for Dummies” can be seen here.

 

Deals & People August 22, 2012

FPA Taps Schadle as New Leader

Marvin W. Tuttle, Jr., executive director and chief executive of the Financial Planning Association (FPA), said he would step down on October 2.
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Tuttle had originally announced a 2014 retirement date but adjusted the timing in order to focus on family concerns. The FPA national board unanimously appointed Lauren M. Schadle as executive director and CEO. She will assume the role on October 3.

Tuttle began his career with the organization in 1983 when he joined the Institute of Certified Financial Planners (ICFP), one of two groups that merged to form FPA in 2000. He held a variety of positions at ICFP and FPA, becoming CEO and executive director in 2004. Tuttle has been instrumental in developing numerous programs at FPA and is recognized as a leading voice in the ongoing development of the financial planning profession.

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Schadle joined ICFP in 1996 and led efforts in communications, marketing and membership. In 2006, she was promoted to associate executive director and chief operating officer of FPA.

“Marv Tuttle’s influence extends far beyond FPA, and his importance in shaping the profession will be felt for decades to come,” said Paul Auslander, FPA 2012 president. “His legacy will be as a true collaborative leader, a steady hand that led many through tumultuous times and part of the foundation and soul of FPA. His unmatched insight and presence will be sorely missed by us and countless others, yet we fully respect and support the difficult decision he made.”

 

 

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