It's odd that the most massive and looming issue facing the retirement industry remains fully in plain sight, but … nobody wants to talk about it. Or, apparently, do anything about it.
I've been attending sessions at a DCIO-themed conference for a couple of days and a recurring theme has been the looming monster that is the shift to decumulation.
Simply put, while everyone in the business has focused their busy energies on getting workers to save their paychecks and maximize on those investments, evidently nobody spent much time thinking what was going to happen when those participants actually retired – and their tax-deferred savings fall back into their hot little hands.
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