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TIAA-CREF CEO Urges Focus on Retirement Income Rather than Wealth Accumulation

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TIAA-CREF CEO Roger W. Ferguson recently wrote a piece encouraging policymakers and consumers to think about reframing retirement planning.

Ferguson urges readers to focus on the primary objective of a stable stream of retirement income that lasts throughout retirement rather than wealth accumulation.

Ferguson cites a McKinsey & Company survey that suggests the average American household will fall $250,000 short of what is needed to fund a secure retirement.

Source: Huffington Post

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