Andrew Stumacher
20 Years at AB|20 Years of Experience
Andrew Stumacher is a Senior Vice President and Managing Director for AB’s Customized Defined Contribution Solutions. He is responsible for developing, implementing and driving the growth of custom target-date, model portfolio and retirement income strategies for the large and mega-size institutional plan market, in which AB serves as one of the largest managers in the US. Stumacher works in close collaboration with plan sponsors, consultants and external business partners to develop innovative and flexible products to improve outcomes for DC plans and participants. He joined the firm in 2004 as a marketing analyst, focusing on strategy and development for new institutional products. From 2011 to 2017, Stumacher managed the integration of AB’s DC products with recordkeepers, trustees, custodians, insurers and investment managers as the DC partner relationship officer. He holds a BS in applied economics and management from Cornell University and an MBA from Wagner College as well as the Certified Annuity Specialist™ designation from the Institute of Business & Finance. Location: New York
Published Work
DC plan participants who retire with guaranteed lifetime income typically consider the hardest part of their planning finished. But potential tail risks in retirement can still alter their journey, giving them more reason to carefully consider how different income strategies reduce or even create risks
DC plan participants who secure guaranteed retirement income over time—much like dollar cost averaging—rather than all at once at retirement tend to be better insulated from the impact of market and interest-rate volatility on income.
Planning for retirement has historically been focused on saving as much as possible. But if the actual target is to secure income for life, we think giving participants a preview of the future income they're building can encourage even better savings habits now.
As more plan participants worry about retirement income security, demand for guaranteed income solutions is growing-and plan sponsors are pondering the options. While there are many ways to measure the benefits, we believe that some approaches-like in-plan and default options-have distinct advantages.