David is passionate about helping Australians lead a comfortable retirement and has founded Optimum Pensions to provide a superior solution to longevity risk.
Joined August 2011
- Tweets 529
- Following 67
- Followers 101
- Likes 173
9 Photos and videos
29 May 2024
The benefit of buying means no rent payments in retirement - so is effectively a significant lifetime inflation- linked income stream. Security of tenure in a variable rent increasing environment also prevents homelessness.
29 May 2024
Housing is an important factor in retirement outcomes.
In this article for the Actuaries Institute, @dcorford and @JimHennington examine the difference between buying and renting a home and the relative positions of each option at retirement.
actuaries.digital/2024/05/29…
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David C Orford retweeted
21 Mar 2024
By using a combination of #superannuation account-based pension and lifetime income product, retirees may be able to boost their Age Pension.
superguide.com.au/retirement…
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8 Feb 2024
Best investment the USA will ever make to reduce taxes that would otherwise be required in future to fund the government’s commitment to future generations of retirees. Each person should save themselves from inadequate lifestyle in their retirement - by saving more from now on.
7 Feb 2024
Every American should be able to save for retirement at work through a payroll deduction account.
pionline.com/washington/rep-…
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6 Feb 2024
You will win a hard copy for free if are one of the first 5 people to let us know how many times I mentioned former Senator Nick Sherry in my recent Ensombl podcast on this topic !!!
6 Feb 2024
Our book explains the new retirement products and how they can be used to provide a secure retirement income for life.
Get your copy of "Retirement Income for Life: Solving the longevity equation" from Amazon 👉 bit.ly/RetirementIncomeforLi…
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20 Dec 2023
Unfortunately the Cohort longevities aren’t published in the Australian Life Tables but we’ll publish them soon. Misleading conclusions would be reached if Period alone was used. See our article “You’ll live longer than you think”
18 Dec 2023
A recent article in the Wall Street Journal highlights the two different types of longevity risk that retirees need to manage and the danger of using the standard Life Tables when planning retirement. on.wsj.com/3Tu3lcV #Retirement #RetirementPlanning #LongevityRisk
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20 Dec 2023
Our Podcast throws more light on the thinking needed of financial advisers to understand the benefits of investment-linked lifetime products. One lawyer said that if a longevity product wasn’t included in the recommendation, then they weren’t acting in a member’s Best Interests
20 Dec 2023
Three decades after the introduction of compulsory superannuation, we are seeing a serious move to transition our retirement savings system into a retirement income system.
Read more 👉 bit.ly/3v77d9X #Retirement #RetirementIncome #Superannuation #LongevityRisk
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29 Nov 2023
Legislation was changed by Kelly O’Dwyer years ago resulting in several new product types increasing the choice of strategies at retirement.
29 Nov 2023
Our new book is a comprehensive guide addressing the new landscape of retirement planning, providing expert solutions to the uncertainty around lifespan and the challenges posed by rapidly increasing life expectancy. 👉 amzn.to/47ztgnq #Retirement #RetirementPlanning
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29 Nov 2023
The super system needs to ensure retirees don’t run out of money - as that humiliation to the retiree and costly to taxpayers by way of financial support
29 Nov 2023
🤷🏻♂️ Another inquiry related to Australia's retirement system?
🤔 Why not? It must be time for one.
👉 #Superannuation #NotSuperYet
bit.ly/3RjGMGp
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David C Orford retweeted
31 Aug 2023
A reminder to superannuation funds working on improving their retirement income strategies...
#thursdaythought #Retirement #RetirementPlanning #RedesigningRetirement
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9 Nov 2023
Retirees under estimate their longevity at retirement age and over estimate is around age 100. However I’m going to live forever. You?
31 Aug 2023
A reminder to superannuation funds working on improving their retirement income strategies...
#thursdaythought #Retirement #RetirementPlanning #RedesigningRetirement
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9 Nov 2023
This has been a world-wide trend. We all need a balance between paid work e.g. 45 years and paid period of retirement e.g. 18 years. To maintain the 40% ratio, we need to automatically increase retirement ages as longevity increases
6 Apr 2023
The retirement age debate is raging around the world. Here is an example from Canada 👉 bit.ly/3GgKw5H #Retirement #RetirementAge #RedesigningRetirement #Superannuation #NotSuperYet
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6 Nov 2023
Happiness is increased as the fear is eliminated as retirees can better plan/budget the activities that make them happy. “Play hard - Life is short” for retirees - relatively speaking and in reality. Investments can be changed by retirees - to further enhance their lifestyles.
31 Aug 2023
Just imagine if there was a product that superannuation funds could offer their members that would guarantee an income for life in retirement 🤔 bit.ly/3PgHzH8 #JustSaying #RetirementIncome #Superannuation #RedesigningRetirement
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12 Oct 2023
It is certain that long livers will run down then out of money - unless they live a less costly life than they deserve and have earned. We only have one life - let us enjoy every remaining day without the fear of running out of money and living in a caravan and eating food scraps
31 Aug 2023
Just imagine if there was a product that superannuation funds could offer their members that would guarantee an income for life in retirement 🤔 bit.ly/3PgHzH8 #JustSaying #RetirementIncome #Superannuation #RedesigningRetirement
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26 Aug 2023
Young people will object to paying tax to look after retirees’ hospital, health (which are unfunded systems) and income needs (Age Pension is also unfunded). Consequences might be reductions in Age Pension and requiring retirees to protect themselves against longevity risk.
25 Aug 2023
In my latest article for @OptimumPensions, I look at the recently released Intergenerational Report and what it says about the Ageing Population and the Superannuation System bit.ly/3YR4wnB #IGR23 #IGR2023 #Retirement #Superannuation #NotSuperYet
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26 Aug 2023
The impact for each of us is that the ratio of period in retirement to period in work will increase - so each is us will need to save much more.
Secondly each of us needs independence from the Age Pension by protecting ourselves against longevity risk - which has been ignored.
25 Aug 2023
In my latest article for @OptimumPensions, I look at the recently released Intergenerational Report and what it says about the Ageing Population and the Superannuation System bit.ly/3YR4wnB #IGR23 #IGR2023 #Retirement #Superannuation #NotSuperYet
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15 Aug 2023
If a super fund can pay Account Based Pensions to members, then they can easily pay real lifetime investment linked pensions to members. One investment option’s objective is to earn CPI plus 2% per annum - yes higher than capital guaranteed lifetime pensions !!!!!!!!!
15 Aug 2023
** Must do better. **
That's the strong message from APRA to superannuation funds regarding the implementation of the retirement income covenant bit.ly/3OyKVUj #Retirement #RetirementPlanning #RetirementIncome #Superannuation #LongevityRisk #RedesigningRetirement
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12 Aug 2023
Longevity risk protection is NOT offered by 95% of super funds but it is by a few life insurers.
Most retirees don’t understand longevity risk, unlike retirees in other developed countries.
10 Aug 2023
This quote is from a 2012 speech by then ASIC Commissioner Greg Tanzer on superannuation trustee obligations.
Plus ça change, plus c’est la même chose. bit.ly/3ql4NSP #Retirement #RetirementIncome #Superannuation #LongevityRisk #RedesigningRetirement
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12 Aug 2023
Financial planning software assumes everyone dies at the age of their life expectancy. 50% of people die before and another 50% die after that age - with an 8 year standard deviation. How different are you to average? How confident to do want to be that you won’t outlive your $?
11 Aug 2023
Have you checked out our updated Lifespan Calculator?
It helps with the big question in retirement planning: How Long Should My Retirement Income Last?
You can estimate personal life expectancy and possible planning horizon. 👉 optimumpensions.com.au/lifes…
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David C Orford retweeted
9 Aug 2023
Great video and report from @tiaa on the importance of longevity literacy. What are our superannuation funds doing to increase their members' longevity literacy? 🤷🏻♂️
#Retirement #RetirementPlanning #Superannuation #LongevityRisk #LongevityLiteracy #RedesigningRetirement
Increase your longevity literacy—and you may transform your retirement. A new report from the TIAA Institute examines longevity literacy and why it matters Level up on your #longevityliteracy. go.tiaa.org/3KdpCHs
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10 Jul 2023
As a “ defined benefit actuary” I can tell you that I have at least 9 lives, but I’m on my 9th one now. I use Lifespan Calculator at optimumpensions.com.au and I want to be very confident that I won’t exhaust my savings before moving to my 10th life.
9 Jul 2023
Same problem in Australia. We have a compulsory retirement saving system but expect people to be defined benefit actuaries when approaching retirement, #Superannuation #NotSuperYet
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