News & Events

Steve Forbes and John Schlifske on
"The Power of a Game Plan”

Northwestern Mutual hosted a speaker series with Steve Forbes, chairman and editor-in-chief of Forbes Media and John Schlifske, Northwestern Mutual chairman and CEO. The three day tour saw over 2,500 attendees and included panel discussions in Boston, MA; Manchester, NH; Syracuse, NY; Grand Rapids, MI; Pittsburgh, PA; Memphis, TN; and Cincinnati, OH. In Memphis, where there were approximately 400 in attendance, Steve and John shared their perspectives on the economy, the financial markets, and the importance of having a sound financial game plan in place regardless of market conditions. Key insights presented at the events were:
 
  • Getting to retirement is no longer the end goal - it is a new starting point. Schlifske and Forbes contend that today's economy coupled with increased life expectancy means there is an increased risk for individuals to deplete their assets too soon. A well-rounded plan is essential to help maintain financial security for life.
  • It is unlikely that individuals can solely invest their way to prosperity. Rather, Schlifske and Forbes believe in practicing proven financial principles, such as cutting spending, saving in addition to investing, and dollar-cost averaging for the long-term.
  • Regardless of what happens in Washington, D.C., there are plans that individuals and business owners can make now to ensure long-term security. Schlifske and Forbes encourage Americans to not let debate in Washington prohibit them from addressing their short- and long-term financial needs.
For more thoughts on these and other business topics, visit the Northwestern Mutual Special Feature on Forbes.com.
 
To view photos from this event, click here.
 

          

To watch an online recap of the Forbes event, please click 'Play' on the video below.

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