How to Build Retirement Income That Lasts: Prudential's Phil Waldeck

Americans are living longer, transforming retirement security from a question of how much people can save into a more complicated challenge: how to turn those savings into dependable income that will last for the rest of their lives. Even successful savers can find themselves reluctant to spend, uncertain whether their assets must support 10 years of retirement—or 40. In this episode of C-Suite Perspectives, Steve Odland, President and CEO of The Conference Board, is joined by Phil Waldeck, Head of US Businesses at Prudential Financial, to examine how longevity, economic uncertainty, and the decline of traditional pensions are reshaping retirement planning. Together, they discuss why workers need to think beyond account balances and develop retirement-income strategies, how automatic enrollment and contribution escalation can improve outcomes, and why employers remain one of the most trusted and effective channels for supporting financial security. They also explore the fear of running out of money during retirement; the growing need for accessible financial advice; the potential for AI to complement human guidance; and what longer lives mean for individuals, employers, and the US economy. More from The Conference Board: ·         How the National Debt Affects All Generations of Americans ·         Alternative Investments in Retirement Plans ·         Explainer: Social Security ·         Responding to US Labor Shortages