Penny Pennington
Showing 1–3 of 3 transcripts.
- Milken Institute57 min
From Experience to Excellence: Women Redefining Business and Financial Wellness | Global Conference
Sheryl WuDunn, Sheila Marcelo, Lauren Miller Rogen, Penny Pennington, Michele Trogni, Michelle Choney
This panel convened financial leaders, health innovators, and care advocates to address systemic failures in institutions designed around male lifespans, highlighting that women over 45 now launch businesses at twice the rate of men despite facing significantly higher chronic illness rates and lower retirement savings. Through initiatives by Zinnia, Edward Jones, Hilarity for Charity, and Ojai.ai, the discussion proposed a holistic framework integrating financial longevity, AI-driven household management, and brain health education to transition from "work-life balance" to comprehensive power. The resulting strategy advocates for redesigned risk profiles, early protective insurance planning, and intergenerational conversations to secure the $10 trillion in assets currently held by women against the projected demographic shifts in caregiving and wealth transfer.
- Milken Institute1h 1m
Financial Industry Leaders Revolutionizing America’s Retirement Landscape | Global Conference 2024
Jennifer Ablan, Thasunda Brown Duckett, John Carter, Will Fuller, Penny Pennington, Tashanda Braunducket
Marking the apex of the Baby Boomer retirement wave, a recent industry panel addressed a $4 trillion savings gap affecting 57 million Americans lacking employer-sponsored plans by proposing structural reforms like auto-enrollment mandates and Secure 3.0 legislation. Financial leaders from TIAA, Transamerica, Nationwide, and Edward Jones advocated for cross-industry partnerships to create guaranteed income solutions and expanded financial literacy programs specifically targeting the middle market and underserved demographics. These initiatives aim to mitigate the risk of an impending wealth transfer turning into a generational debt crisis while capitalizing on a 50,000-person advisor shortage through innovation in hybrid pension models and social impact investing.
- Milken Institute1h 1m
Is Retirement Extinct?
Paul Irving, Arthur Bilger, Teresa Ghilarducci, Kathleen Kennedy Townsend, Penny Pennington, Rick McGee, Linnea McCart, Katherine Collinson
The "Retirement is Extinct" panel examined the widening wealth and health disparities that undermine traditional retirement, highlighting how automation and student debt threaten middle-class security while leaving 60 million Americans without employer-sponsored plans. Experts including Penny P. Peddington, Kathleen Kennedy Townsend, and Teresa Ghilarducci argued for redefining retirement as a period of purpose rather than disengagement and proposed structural solutions such as a Guaranteed Retirement Account and expanded automatic enrollment legislation. The discussion concluded that overcoming these challenges requires shifting political messaging toward "peace of mind," integrating lifelong reskilling, and unlocking patient capital to ensure dignified longevity for all income tiers.