Karen Neeley, Pacific Life’s new vice president of the Institutional Retirement Solutions Group, and Host Jim Breen discuss the challenges and opportunities for lifetime income to improve retirement outcomes.

Karen reveals that while the financial services industry has effectively communicated the need to save for retirement (accumulation), many plan participants are unsure how much they can spend once they retire (decumulation). Karen and Jim unpack how this lack of education about decumulation can lead to overspending or underspending in retirement, and how the financial services industry and providers can help participants to improve retirement outcomes.