David C Orford

David is passionate about helping Australians lead a comfortable retirement and has founded Optimum Pensions to provide a superior solution to longevity risk.

[David C Orford @dcorford]

@dcjretiresecure There is also the “Know Your Client” rule and “Best interests Duty” or KYC and BID. I counselled a man on financial matter one evening. As I left he said “My wife’s dying of cancer - she has a year to live” - so I said “Forget everything I said tonight.”

[David C Orford @dcorford]

@michaelobrienmp We had more deaths per million than other States although we were the most lock up State in apparently the World. Why?

[David C Orford @dcorford]

@RCHConsolidate @dcjretiresecure @ThomasPHawkins @401kspecmag Reproduction rates are falling rapidly.
This means younger people will be taxed out of the minds. Why should they pay for older dummies that didn’t adequately provide for their own retirements. Dummies who are living longer and longer as they are using gene altering techniques!!

[David C Orford @dcorford]

@RCHConsolidate @dcjretiresecure @ThomasPHawkins @401kspecmag Super Stream in Australia does all this while we are asleep I.e. untouched by human hands.
The benefit to our country is to reduce the leakage of money out of the system - thus reducing people’s retirement benefit, making them more likely to fall back on government support !!!!

[David C Orford @dcorford]

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.

[Optimum Pensions @OptimumPensions]

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.
https://t.co/UXyGyVUNvt

[David C Orford @dcorford]

@SuperGuide_au Great news - increases amount and duration of retirement income - for the rest of life. Pity we cannot take the balance with us.

[SuperGuide.com.au @SuperGuide_au]

By using a combination of #superannuation account-based pension and lifetime income product, retirees may be able to boost their Age Pension.
https://t.co/VKgWgtQYUz

[David C Orford @dcorford]

@JohnRalfe1 It is a matter of equity. Everyone ought to pay for their own pensions - rather than expect our children to pay for them. Most people want to leave a legacy for their kids - not leave them debt in the form of unfunded pensions. It can be called InterGenerational inequity.

[David C Orford @dcorford]

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.

[David John 🇺🇦 @dcjretiresecure]

Every American should be able to save for retirement at work through a payroll deduction account.

https://t.co/Li64wkaHNu

[David C Orford @dcorford]

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 !!!

[Optimum Pensions @OptimumPensions]

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 👉 https://t.co/toi0LVTWXD

[David C Orford @dcorford]

@RetirementQuant @WSJ If you were, you’d be aged 160 years by now - leading to adjustments in the Life Tables

[David C Orford @dcorford]

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”

[Optimum Pensions @OptimumPensions]

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. https://t.co/Ui93rXUe8A #Retirement #RetirementPlanning #LongevityRisk

[David C Orford @dcorford]

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

[Optimum Pensions @OptimumPensions]

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 👉 https://t.co/UHpR5nN6bX #Retirement #RetirementIncome #Superannuation #LongevityRisk

[David C Orford @dcorford]

Legislation was changed by Kelly O’Dwyer years ago resulting in several new product types increasing the choice of strategies at retirement.

[Optimum Pensions @OptimumPensions]

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. 👉 https://t.co/ZF3ftWCzAM #Retirement #RetirementPlanning

[David C Orford @dcorford]

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

[Stephen Huppert @stephenhuppert]

🤷🏻‍♂️ Another inquiry related to Australia's retirement system?
🤔 Why not? It must be time for one.
👉 #Superannuation #NotSuperYet
https://t.co/Lvik9pVw79

[Optimum Pensions @OptimumPensions]

A reminder to superannuation funds working on improving their retirement income strategies...

#thursdaythought #Retirement #RetirementPlanning #RedesigningRetirement

[David C Orford @dcorford]

Retirees under estimate their longevity at retirement age and over estimate is around age 100. However I’m going to live forever. You?

[Optimum Pensions @OptimumPensions]

A reminder to superannuation funds working on improving their retirement income strategies...

#thursdaythought #Retirement #RetirementPlanning #RedesigningRetirement

[David C Orford @dcorford]

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

[Stephen Huppert @stephenhuppert]

The retirement age debate is raging around the world. Here is an example from Canada 👉 https://t.co/UQMHo1Hmye #Retirement #RetirementAge #RedesigningRetirement #Superannuation #NotSuperYet

[David C Orford @dcorford]

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.

[Optimum Pensions @OptimumPensions]

Just imagine if there was a product that superannuation funds could offer their members that would guarantee an income for life in retirement 🤔 https://t.co/GQFZElQWjD #JustSaying #RetirementIncome #Superannuation #RedesigningRetirement

[David C Orford @dcorford]

@ConsumersSuper There is NO EXCUSE for not paying claims quickly. A deceased person probably has a claim. Disabilities are harder to assess. We used STP - Straight Through Processing for claims when we administered ING DIRECT’s Living Super !!!