Northwestern Mutual

Top Business Leaders to Discuss State of Economy in Six-City Tour

MILWAUKEE, Nov. 15, 2010 – Northwestern Mutual Chairman and CEO John Schlifske and Steve Forbes, Chairman and CEO of Forbes Media and Editor-in-chief of Forbes magazine, will speak to thousands of consumers in six cities around the U.S. this week.

The executives will share their thoughts on the economy, the financial markets and how individuals and business owners can rebuild their financial foundation.

The tour begins today in Louisville and will include stops in Cleveland and Indianapolis on Nov. 16, and Kansas City, Mo., Houston and Dallas on Nov. 17.

“We want to give professionals Northwestern Mutual’s perspective on the current economic environment, as well as present the views of innovative thought leaders such as Steve Forbes,” said Schlifske. “By sharing our insights, Steve and I hope to help identify ways business owners and individuals can position themselves to succeed in the post-recession environment.”

Among the key insights and topics Schlifske and Forbes are expected to share:

  • In the "new normal" consumers should manage risk first. In the "new normal" consumers need to have a plan to manage risks that were once considered remote, such as extreme market volatility. According to Schlifske, successful financial planning means embracing time-tested methods for long-term gains, focusing on steady, consistent growth.
  • The recovery is real, but we have a long way to go. With the recession and market volatility of 2009 behind us, Schlifske and Forbes agree that the country has entered a recovery phase, but note that we will continue to be challenged by flat markets, minimal interest rate returns and threats of inflation or deflation. Forbes stresses that the recovery is a long, steady road that is certain to have ups and downs, but the goal is to employ a strategy that anticipates and overcomes those variances to be positioned for future success.
  • Post-recession trends include goal-based investing, longer-term plan horizons and a greater appreciation of the risks of over-leveraging.  Research conducted by Northwestern Mutual found that consumers are extending their planning timeframes and placing an increased importance on saving.

“There is no better time than now to join in this conversation, given the uncertainty in the markets, lack of a clear economic direction and recent changes in the political landscape,” said Forbes. “I am pleased to join John Schlifske in discussing the many challenges and opportunities that we face in seeking financial security for ourselves, our families and our country.”

About Northwestern Mutual

The Northwestern Mutual Life Insurance Company – Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. As a mutual company with $1.2 trillion of life insurance protection in force, Northwestern Mutual seeks to share its gains with policyowners and deliver consistent and dependable value to clients over time.

Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments.

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Contact information:
Jennifer Ryan, Northwestern Mutual
Phone: (800) 323-7033

11/15/2010 11:03:47 AM